Tempe, AZ Multifamily properties for sale

$699,500

Tempe Multifamily with Guest House

538 W 13Th St, Tempe, AZ 85281

Multifamily property with a permitted guest house near ASU.

Prime location: Walking distance to Arizona State University and Mill Avenue's shops, dining, and entertainment.
Includes a fully permitted guest house with its own address, featuring 1 bedroom, 1 bathroom, full kitchen, and separate laundry room.
Rare opportunity to own property in a highly sought‑after neighborhood near ASU.
Move‑in ready 4‑bedroom, 2‑bathroom main house.
Suitable as a high‑demand rental property with two separate units.

Updated: Jan 1

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$2,595,000

Remodeled Multi-Unit Property Near ASU

117 W 10Th St, Tempe, AZ 85281

Four remodeled patio homes in Tempe's historic district near ASU.

Four remodeled patio homes on one lot in a prime Tempe location near ASU.
Turnkey, multi‑unit property with three 2 bed / 1 bath units and one 2 bed / 2 bath unit.
Modern kitchens with updated appliances and in‑unit washer/dryers.
Private, fenced yards with spacious covered patios and dedicated carports with storage.
Located in the Maple & Ash Historic District, 1,200 feet from Gammage Theater and a 3‑minute walk to ASU.

Updated: Dec 30, 2025

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$1,450,000

Historic Craftsman Bungalow with Apartments

Iconic 1918 Craftsman with main house and guest apartments.

948 S Ash Ave, Tempe, AZ 85281

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$2,500,000

Renovated Multifamily Property Near ASU

Fully renovated 12-unit property near ASU and Mill Avenue.

626 S Wilson St, Tempe, AZ 85281

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$949,995

Tempe Triplex Near ASU

Well-maintained triplex near ASU with strong in-place cash flow.

1234 S Farmer Ave, Tempe, AZ 85281

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$1,148,000

Tempe Multifamily Property Near ASU

Three detached units near ASU campus and downtown Tempe.

1224 S Maple Ave, Tempe, AZ 85281

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$756,977

1,120 SF

Well-Maintained Mobile Home in Tempe

Three-bedroom, two-bath mobile home with community amenities in Tempe.

2609 W Southern Ave, Tempe, AZ 85282

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Tempe Multifamily and Office Opportunity

$700,000

2,203 SF

Tempe Multifamily and Office Opportunity

Multifamily and office property near Arizona State University.

2211 S Mill Ave, Tempe, AZ 85282

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Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$3,575,000

5,000 SF

Scottsdale Multifamily Value-Add

11-unit apartment complex, high ROI potential.

1232 Hayden Rd, Scottsdale, AZ 85257

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Pending

$892,500

Scottsdale Duplex: Turnkey Investment

Updated Scottsdale duplex, income-ready near ASU and Old Town.

1909 N 72Nd Pl, Scottsdale, AZ 85257

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$649,900

Updated Triplex in Phoenix Location

Fully updated triplex in a prime Phoenix location.

4838 E Willetta St, Phoenix, AZ 85008

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$649,900

Updated Triplex in Phoenix Location

Updated triplex with strong rental versatility near Phoenix attractions.

4832 E Willetta St, Phoenix, AZ 85008

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$699,000

0.36 Acres

Tempe R3 Lot For Sale

Ready to build 7 units near freeway and light rail.

1272 S Price Rd, Tempe, AZ 85281

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Explore Off-Market Properties in Tempe, AZ

Consider similar Off-Market properties in Tempe, AZ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1321 5Th St

Multifamily properties • 2,760 SF

Value Estimation by Request

1321 5Th St, Tempe, AZ 85281

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1986 University Dr

Restaurants • 1,278 SF

Value Estimation by Request

1986 University Dr, Tempe, AZ 85288

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1217 Southern Ave

Multifamily properties

Value Estimation by Request

1217 Southern Ave, Tempe, AZ 85282

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1106 Weber Dr

Multifamily properties

Value Estimation by Request

1106 Weber Dr, Tempe, AZ 85288

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914 Kenwood Cir

Multifamily properties

Value Estimation by Request

914 Kenwood Cir, Tempe, AZ 85281

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1827 Lemon St

Multifamily properties

Value Estimation by Request

1827 Lemon St, Tempe, AZ 85281

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1610 College Ave

Multifamily properties • 2,362 SF

Value Estimation by Request

1610 College Ave, Tempe, AZ 85281

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2340 University Dr

MOBILE HOME PARK, TRAILER PARK • 0.00 Acres

Value Estimation by Request

2340 University Dr, Tempe, AZ 85288-4726

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2727 University Dr

MOBILE HOME PARK, TRAILER PARK • 3,056 SF

Value Estimation by Request

2727 University Dr, Tempe, AZ 85288-5056

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2340 University Dr

MOBILE HOME PARK, TRAILER PARK • 0.13 Acres

Value Estimation by Request

2340 University Dr, Tempe, AZ 85288-4726

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2340 University Dr

MOBILE HOME PARK, TRAILER PARK • 16.10 Acres

Value Estimation by Request

2340 University Dr, Tempe, AZ 85288-4726

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1126 Scottsdale Rd

APARTMENT HOUSE (100+ UNITS)

Value Estimation by Request

1126 Scottsdale Rd, Tempe, AZ 85288

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400 Baseline Rd

MOBILE HOME PARK, TRAILER PARK • 8.45 Acres

Value Estimation by Request

400 Baseline Rd, Tempe, AZ 85283-1119

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2609 Southern Ave

MOBILE HOME PARK, TRAILER PARK • 1,200 SF

Value Estimation by Request

2609 Southern Ave, Tempe, AZ 85282-4206

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1856 Apache Blvd

MOBILE HOME PARK, TRAILER PARK • 0.56 Acres

Value Estimation by Request

1856 Apache Blvd, Tempe, AZ 85281-6034

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1856 Apache Blvd

MOBILE HOME PARK, TRAILER PARK • 625 SF

Value Estimation by Request

1856 Apache Blvd, Tempe, AZ 85281-6034

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Tempe, AZ Multifamily Properties Investment Opportunities Market Analysis

Explore 25 multifamily properties for sale in Tempe, AZ, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 3,354,630 square feet of properties for sale, with an estimated market value of $13,554,000.

Prices for multifamily properties in Tempe, AZ start at $450,000, averaging $2,710,800, and reaching up to $11,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

Tempe, AZ Multifamily Properties for Sale

Tempe Multifamily with Guest House

Multifamily property with a permitted guest house near ASU.

Remodeled Multi-Unit Property Near ASU

Four remodeled patio homes in Tempe's historic district near ASU.

Historic Craftsman Bungalow with Apartments

Renovated Multifamily Property Near ASU

Tempe Triplex Near ASU

Tempe Multifamily Property Near ASU

Well-Maintained Mobile Home in Tempe

Tempe Multifamily and Office Opportunity

Explore Opportunities in Nearby Cities

Scottsdale Multifamily Value-Add

Scottsdale Duplex: Turnkey Investment

Updated Triplex in Phoenix Location

Updated Triplex in Phoenix Location

Potential Development Sites for Consideration

Tempe R3 Lot For Sale

Explore Off-Market Properties in Tempe, AZ

1321 5Th St

1986 University Dr

1217 Southern Ave

1106 Weber Dr

914 Kenwood Cir

1827 Lemon St

1610 College Ave

2340 University Dr

2727 University Dr

2340 University Dr

2340 University Dr

1126 Scottsdale Rd

400 Baseline Rd

2609 Southern Ave

1856 Apache Blvd

1856 Apache Blvd

Tempe, AZ Multifamily Properties Investment Opportunities Market Analysis

Browse Multifamily properties for Sale Near Tempe, AZ

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Tempe, AZ Multifamily Properties for Sale

Tempe Multifamily with Guest House

Multifamily property with a permitted guest house near ASU.

Remodeled Multi-Unit Property Near ASU

Four remodeled patio homes in Tempe's historic district near ASU.

Historic Craftsman Bungalow with Apartments

Renovated Multifamily Property Near ASU

Tempe Triplex Near ASU

Tempe Multifamily Property Near ASU

Well-Maintained Mobile Home in Tempe

Tempe Multifamily and Office Opportunity

Explore Opportunities in Nearby Cities

Scottsdale Multifamily Value-Add

Scottsdale Duplex: Turnkey Investment

Updated Triplex in Phoenix Location

Updated Triplex in Phoenix Location

Potential Development Sites for Consideration

Tempe R3 Lot For Sale

Explore Off-Market Properties in Tempe, AZ

1321 5Th St

1986 University Dr

1217 Southern Ave

1106 Weber Dr

914 Kenwood Cir

1827 Lemon St

1610 College Ave

2340 University Dr

2727 University Dr

2340 University Dr

2340 University Dr

1126 Scottsdale Rd

400 Baseline Rd

2609 Southern Ave

1856 Apache Blvd

1856 Apache Blvd

Tempe, AZ Multifamily Properties Investment Opportunities Market Analysis

Browse Multifamily properties for Sale Near Tempe, AZ

Popular Searches in Tempe, AZ

Popular Categories

Most Searched ZIP Codes in Tempe, AZ

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