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6-Unit Apartment Building
For Sale
$1,116,000

601 S Hardy Dr, Tempe, AZ 85281

Two single-story triplex buildings create a compact multifamily property near Tempe’s downtown district and ASU.

Property SizeContact for details
Lot Size0.38 Acres
Days on Market57

Property Features for 601 S Hardy Dr

General Information

Standard status Active
Lot size 0.38 Acres
Property subtype Multi-Family

Site & Location

Neighborhood Riverside

Additional Details

Multifamily Units 6

Building Details

Year Built 1980
Buildings 2
Stories 1
Listing Agency: Coldwell Banker Commercial Realty
Listed By: Terry J Kass · License #BR503783000
Source: Phoenixmetrohomefinder
Added: Sep 2 Changed: Oct 25 Last Checked: Oct 26 at 5:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Realty

Rey
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Investment Insights

Based on property information with market context.

Built in 1980, this six-unit apartment property consists of two adjacent, single-story triplex buildings. Each structure occupies its own parcel, with the combined site extending approximately 0.38 acres. The configuration provides a straightforward multifamily layout across two separate improvements.

The property is positioned near central Tempe, approximately 1.3 miles from Arizona State University's Tempe campus. Mill Avenue, Tempe Town Lake, Marina Heights, and the Novus Innovation Corridor are also identified in the surrounding area, along with employment, educational, and entertainment destinations.

Key Highlights

  • Six‑unit multifamily property
  • Two adjacent single‑story triplex buildings
  • Approximately 0.38 combined acres

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,167
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two single-story triplex buildings create a compact multifamily property near Tempe’s downtown district and ASU.
Where is this apartment building located?
The property is located at 601 S Hardy Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $1,116,000.
What are key features of this property?
This property features: Six‑unit multifamily property; Two adjacent single‑story triplex buildings; Approximately 0.38 combined acres
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