Six-Unit Multifamily
For Sale
Contact for pricing
601–611 S Hardy Drive, Tempe, AZ 85281
Two single-story triplex buildings offer individually metered residences near Downtown Tempe and Arizona State University.
Property SizeContact for details
Lot Size0.38 Acres
Days on Market58
Property Features for 601–611 S Hardy Drive
General Information
Standard status
Active
Lot size
0.38 Acres
Property subtype
Multifamily
Occupancy
100%
Site & Location
Neighborhood
Sunset
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Building Details
Buildings
2
Stories
1
Construction
masonry
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Terry Kass · License #BR 503783000
(602) 703-5277
Source:
Crexi
Added: Sep 7
Changed: Oct 25
Last Checked: Nov 1 at 5:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two adjacent, separately parceled triplex buildings on approximately 0.38 combined acres. The single-story masonry buildings contain six one-bedroom, one-bath residences averaging approximately 653 square feet. Each unit has individually metered utilities, a dedicated HVAC system, and a functional floor plan. All six units were leased as of May 19, 2026, with approximately $95,520 in annual scheduled rent.
The property is approximately 1.3 miles from Arizona State University's Tempe campus and is near Downtown Tempe, Mill Avenue, Tempe Town Lake, Marina Heights, and the Novus Innovation Corridor. Access to University Drive, Loop 202, Valley Metro Route 62 along Hardy Drive, and Phoenix Sky Harbor International Airport connects the asset with employment, education, entertainment, and transportation destinations across the area.
The property is approximately 1.3 miles from Arizona State University's Tempe campus and is near Downtown Tempe, Mill Avenue, Tempe Town Lake, Marina Heights, and the Novus Innovation Corridor. Access to University Drive, Loop 202, Valley Metro Route 62 along Hardy Drive, and Phoenix Sky Harbor International Airport connects the asset with employment, education, entertainment, and transportation destinations across the area.
Key Highlights
- Six one‑bedroom, one‑bath residences averaging approximately 653 square feet
- Two adjacent single‑story triplex buildings on approximately 0.38 combined acres
- All six units leased as of May 19, 2026
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two single-story triplex buildings offer individually metered residences near Downtown Tempe and Arizona State University.
Where is this multifamily property located?
The property is located at 601–611 S Hardy Drive 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 one‑bedroom, one‑bath residences averaging approximately 653 square feet; Two adjacent single‑story triplex buildings on approximately 0.38 combined acres; All six units leased as of May 19, 2026
