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7-Unit Multifamily Condo Portfolio
For Sale
$1,199,900
Pending

616 S Hardy Dr Unit 112, Tempe, AZ 85281

Seven condominium residences are currently leased to in-place occupants at one Tempe property.

Property SizeContact for details
Days on Market174

Property Features for 616 S Hardy Dr Unit 112

General Information

Standard status Pending
Property subtype Multi-Family

Additional Details

Multifamily Units 7

Building Details

Year Built 1984
Listing Agency: Tradelands Realty
Listed By: Jacob Allen · License #SA569290000
Source: Viewscottsdaleareahouses
Added: Mar 29 Changed: Sep 11 Last Checked: Sep 16 at 9:43PM

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 Tradelands Realty

Investment Insights

Based on property information with market context.

This multifamily offering includes seven matching condominium residences within one property. The units are identified as 112, 115, 128, 138, 141, 207, and 231, providing a bundled acquisition of separately numbered residences rather than a single unit purchase. Each condominium is currently rented, with occupants already in place.

The property is located at 616 S Hardy Dr in Tempe, Arizona. Built in 1984, the asset presents a consolidated ownership opportunity for seven residential units at the same location.

Key Highlights

  • Seven condominium units offered together at 616 S Hardy Dr
  • Units included: 112, 115, 128, 138, 141, 207, and 231
  • Each of the 7 units is currently rented

Property Analytics

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Current Use

Worthington Place Condominium Complex Golden Ages Advocates Home Health Care Service Building G Apartment Building Discovery Life Coaching Professional Services Shawn's Junk Removal Waste Management Facility

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Tanning Salon Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Seven condominium residences are currently leased to in-place occupants at one Tempe property.
Where is this multifamily property located?
The property is located at 616 S Hardy Dr Unit 112 Tempe, AZ.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Seven condominium units offered together at 616 S Hardy Dr; Units included: 112, 115, 128, 138, 141, 207, and 231; Each of the 7 units is currently rented
More about this property
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