Tempe, AZ Multifamily Properties for Sale

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18 properties

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Updated: Feb 18

10-Unit Garden-Style Apartment Building

425,427 W 5th Street, Tempe, AZ 85281

$1,700,000

4,414 sqft 0.39 AC lot

10‑unit garden‑style apartment property
Unit mix includes 8 studios, 1 one‑bedroom, and 1 two‑bedroom
Approximately 4,414 square feet of property size
Block construction with shingle roofing
Central air with forced‑air and electric heating

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Updated: Sep 15

Remodeled Duplex with Private Yards

2044 S FOREST Avenue, Tempe, AZ 85282

$779,000

Two 2‑bedroom, 1‑bath units
Each residence includes a private carport, 2‑car paver driveway, laundry area, and fenced yard
Remodeled kitchens with quartz counters and stainless appliances
Updated bathrooms, vinyl flooring, and contemporary fixtures
R‑3 zoning in Tempe near ASU, Downtown Tempe, and Mill Avenue

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Tempe Duplex With Separate Residences

816 S WILSON Street S, Tempe, AZ 85281

$799,000

Two residences share one parcel, with separate utility metering and tenant occupancy.

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Five-Unit Apartment Building

2214 South Granada Drive, Tempe, AZ 85282

$1,500,000

3,250 sqft

Individually metered apartments offer private patios and washer-dryer setups in every residence.

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Duplex With R-4 Zoning

1433 S JENTILLY Lane, Tempe, AZ 85281

$599,000

Leased month to month, the property requires renovation and is offered in its existing condition.

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Remodeled Duplex Near ASU

625 W 12th Street, Tempe, AZ 85281

$650,000

Two refreshed units include appliances, carports, exterior storage, and washer/dryer hookups.

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Duplex With Private Patios

421 S TERRY Lane, Tempe, AZ 85281

$749,999

Both residences include laundry appliances, refrigerators, and blinds, with assigned parking for the property.

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6-Unit Apartment Building

601 S Hardy Dr, Tempe, AZ 85281

$1,116,000

0.38 AC lot

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

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Four-Unit Studio Quadplex

1033 S Mariana Street, Tempe, AZ 85281

$750,000

Each residence includes wall-mounted cooling, a range, and a refrigerator, with off-street parking available.

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Duplex with Detached ADU

111 E BONITA Way, Tempe, AZ 85281

$850,000

Residentially zoned property with a detached garage, central air, and public sewer service.

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10-Unit Garden-Style Apartment Building

425, 427 W 5th St, Tempe, AZ 85281

$1,700,000

4,414 sqft

Tempe multifamily property with a defined studio, one-bedroom, and two-bedroom unit mix near ASU Main Campus.

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Garden-Style 10-Plex Near ASU

427 W 5th St, Tempe, AZ 85281

Contact for pricing

4,414 sqft

Tempe 10-unit multifamily property, reposition opportunity, near ASU campus.

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Six-Unit Multifamily Property

601611 S Hardy Drive, Tempe, AZ 85281

Contact for pricing

0.38 AC lot

Two single-story triplex buildings offer individually metered residences near Downtown Tempe and Arizona State University.

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Gated Multifamily Property

2205 S Mill Ave, Tempe, AZ 85282

$1,899,000

Ground-floor residences have private patios, with assigned covered parking on site.

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Tenant-Occupied Income Property

200 E Southern Avenue 126, Tempe, AZ 85282

$205,900

Tenant-occupied condo with split-bedroom layout, inside laundry, and a private shaded balcony.

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Remodeled Duplex with Shared Laundry

1610 South College Avenue, Tempe, AZ 85281

$700,000

Both residences are occupied, with one month-to-month tenancy and the other lease ending in May.

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Short-Term Rental Property with Balcony

1111 W UNIVERSITY Drive 2012, Tempe, AZ 85281

$290,000

Furnished residence with in-unit laundry and access to a pool, spa, gym, and gated underground parking.

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Renovated Quadplex Investment

1321 W 5th St, Tempe, AZ 85281

$950,000

2,760 sqft

Four-unit quadplex built in 1970 and renovated in 2023, fully occupied and zoned R-3R for flexible use.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Tempe, AZ, we suggest to view alternatives - similar 18 Off-Market properties to explore as potential leads.

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.

MOBILE HOME PARK, TRAILER PARK

2609 Southern Ave, Tempe, AZ 85282-4206

Estimated value:

$735,000

1,200 sqft 57.67 AC lot

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MOBILE HOME PARK, TRAILER PARK

2727 University Dr, Tempe, AZ 85288-5056

Estimated value:

$17,755,000

3,056 sqft 20.44 AC lot

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MOBILE HOME PARK, TRAILER PARK

2340 University Dr, Tempe, AZ 85288-4726

Estimated value: by Request

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MOBILE HOME PARK, TRAILER PARK

2340 University Dr, Tempe, AZ 85288-4726

Estimated value: by Request

0.13 AC lot

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MOBILE HOME PARK, TRAILER PARK

2340 University Dr, Tempe, AZ 85288-4726

Estimated value:

$450,000

16.10 AC lot

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MOBILE HOME PARK, TRAILER PARK

400 Baseline Rd, Tempe, AZ 85283-1119

Estimated value: by Request

8.45 AC lot

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Tempe, AZ Multifamily Properties Market Trends and Statistics

Explore 36 multifamily properties for sale in Tempe, AZ, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 19,252 square feet of properties for sale, with an estimated market value of $15,237,899.

Sale prices for multifamily properties in Tempe, AZ start at $205,900, averaging $952,368, and reaching up to $1,899,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 192K

Population Growth (5Y) +0.9%

Median Household Income $79,956

College Educated 32.7%

High-Yield Neighborhoods for Investment

Identify Tempe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
85281	$933.1K
85282	$1.1M

Taxes & Financing

Tax Rate (average for all types) 5.89%

Property Tax per SF $77.06 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Maricopa County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Tempe fall within the 100,000+ square foot range.

How Realmo verifies these figures

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