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    Tempe, AZ Multifamily Properties for Sale

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    Tempe Multifamily Investment Opportunity
    Updated: Jul 22, 2025
    Tempe Multifamily Investment Opportunity

    1209, 1015, 1225 S. Ash Ave., Tempe, AZ 85281

    $2,300,000
    7,294 sqft
    Prime location in the desirable, historic Maple‑Ash neighborhood of downtown Tempe.
    Walking distance to Arizona State University (ASU).
    Significant upside potential through renovations or redevelopment.
    Opportunity to maximize rental income due to high demand for student/market‑rate housing.
    Comprised of a mix of one and two‑bedroom floorplans, including two standalone houses.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1209, 1015, 1225 S. Ash Ave., Tempe, AZ 85281

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $99K
      Annual

    • Price @ 7% Cap

      $1.41M
      Suggested

    • Property Type

      Single Family Residence
      Built 1963
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    Tempe Garden-Style Apartment Complex
    Updated: Feb 18
    Tempe Garden-Style Apartment Complex

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

    $1,700,000
    4,414 sqft 0.39 AC lot
    Garden‑style 10‑plex with 8 studios, 1 one‑bedroom, and 1 two‑bedroom
    Unit sizes include approx. 388 SF studios, approx. 550 SF 1/1, and approx. 750 SF 1/2
    Block construction with years noted as 1957 and 1963; roof is shingle
    Central air cooling with forced‑air and electric (heating) systems
    Public water source
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    Turnkey Tempe Duplex Investment
    Turnkey Tempe Duplex Investment

    117 W 10TH Street, Tempe, AZ 85281

    $1,235,000

    Updated duplex with modern amenities and strong tenant appeal.

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    Quadplex with Studio Units
    Quadplex with Studio Units

    1033 S Mariana Street, Tempe, AZ 85281

    $750,000

    Four studio units with wall unit A/C and in-unit appliances offer a straightforward residential income setup.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Garden-Style 10-Plex Near ASU
    Garden-Style 10-Plex Near ASU

    427 W 5th St, Tempe, AZ 85281

    $1,700,000
    4,414 sqft

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

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    Tempe Multifamily Near ASU Campus
    Tempe Multifamily Near ASU Campus

    1219 S Farmer Avenue, Tempe, AZ 85281

    $1,420,000

    Seven-unit apartment property near ASU with remodeled units.

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    Renovated Income Property in Tempe
    Renovated Income Property in Tempe

    1244 N Rose Street, Tempe, AZ 85288

    $950,000

    Three-unit income property with extensive renovations in Tempe, Arizona.

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    Turnkey Triplex with Attached Garage
    Turnkey Triplex with Attached Garage

    515 W PEBBLE BEACH Drive, Tempe, AZ 85282

    $899,000

    Triplex offers an attached 2-car garage unit plus two matching 2-bedroom layouts with individual utilities.

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    Renovated Tempe Multifamily Investment Opportunity
    Renovated Tempe Multifamily Investment Opportunity

    1219 S FARMER AVE, Tempe, AZ 85281

    $1,420,000
    3,500 sqft

    Multifamily property with recent renovations in Tempe, Arizona.

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    Renovated Duplex in Central Tempe
    Renovated Duplex in Central Tempe

    1248 E Harry Street, Tempe, AZ 85288

    $700,000

    Turnkey duplex with strong rental appeal in central Tempe.

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    Remodeled Tempe Multi-Family Investment
    Remodeled Tempe Multi-Family Investment

    117 W 10TH Street, Tempe, AZ 85281

    $2,450,000

    Four remodeled units near ASU in the Maple & Ash District.

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    Remodeled Duplex with Shared Laundry
    Remodeled Duplex with Shared Laundry

    1610 S COLLEGE Avenue, Tempe, AZ 85281

    $749,999

    Fully remodeled duplex with a new roof, updated kitchens, and an on-site shared laundry setup with washer and dryer.

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    Garden-Style 10-Plex Apartments
    Garden-Style 10-Plex Apartments

    425-427 West 5th Street, Tempe, AZ 85281

    $1,700,000

    Garden-style 10-plex with studio to 1-2 bedroom units, offering an operator the chance to reposition a low-maintenance asset.

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    Tempe Multifamily Investment Opportunity
    Tempe Multifamily Investment Opportunity

    1855 E Don Carlos, Tempe, AZ 85281

    $11,250,000

    56-unit apartment community in Tempe, Arizona. Value-add potential.

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    Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 14 Active listings in Tempe, AZ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 18 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Multi-Dwelling Residential Income Property
    Multi-Dwelling Residential Income Property

    4221 E MAGNOLIA Street, Phoenix, AZ 85034

    $950,000

    Two living configurations with a covered carport and flexible A2 zoning, suitable for multifamily or senior-related use.

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    Well-Maintained Fourplex
    Well-Maintained Fourplex

    1321 N 48TH Place, Phoenix, AZ 85008

    $929,900

    Turnkey fourplex with four 2-bedroom units, private patios, and recent upgrades, fully occupied and ready for ownership.

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    Remodeled Triplex Near Old Town
    Remodeled Triplex Near Old Town

    6813 E AVALON Drive, Scottsdale, AZ 85251

    $739,500

    Fully remodeled triplex near Old Town Scottsdale with future upgrades.

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    Renovated Scottsdale Apartment Community
    Renovated Scottsdale Apartment Community

    2635 Hayden Rd, Scottsdale, AZ 85257

    $7,125,000

    26-unit apartment community in Scottsdale, Arizona, with modern renovations.

    View details

    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.

    Mesa Land in 55+ Community
    Mesa Land in 55+ Community

    111 S GREENFIELD Road, Mesa, AZ 85206

    $85,000
    0.05 AC lot

    0.0487-acre lot in a vibrant 55+ gated community.

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    Land For Sale
    Land For Sale

    0 S 45th Avenue 2, Laveen, AZ 85339

    $315,000

    Land available for purchase in Laveen, Arizona.

    View details
    Mesa RV Resort Land
    Mesa RV Resort Land

    7750 E BROADWAY Road, Mesa, AZ 85208

    $95,500
    0.05 AC lot

    Land in 55+ active adult community with many amenities.

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    Golden Vista Resort RV Lot
    Golden Vista Resort RV Lot

    439 IRONSTONE Drive, Apache Junction, AZ 85119

    $64,900
    0.04 AC lot

    RV lot in active adult community with hookups and shed.

    View details

    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.

    2609 Southern Ave
    MOBILE HOME PARK, TRAILER PARK

    2609 Southern Ave, Tempe, AZ 85282-4206

    $6,970,000
    Estimated value
    1,200 sqft 57.67 AC lot
    View details
    2727 University Dr
    MOBILE HOME PARK, TRAILER PARK

    2727 University Dr, Tempe, AZ 85288-5056

    $17,755,000
    Estimated value
    3,056 sqft 20.44 AC lot
    View details
    2340 University Dr
    MOBILE HOME PARK, TRAILER PARK

    2340 University Dr, Tempe, AZ 85288-4726

    Value Estimation by Request
    View details
    2340 University Dr
    MOBILE HOME PARK, TRAILER PARK

    2340 University Dr, Tempe, AZ 85288-4726

    Value Estimation by Request
    0.13 AC lot
    View details
    2340 University Dr
    MOBILE HOME PARK, TRAILER PARK

    2340 University Dr, Tempe, AZ 85288-4726

    Value Estimation by Request
    16.10 AC lot
    View details
    400 Baseline Rd
    MOBILE HOME PARK, TRAILER PARK

    400 Baseline Rd, Tempe, AZ 85283-1119

    Value Estimation by Request
    8.45 AC lot
    View details
    1856 Apache Blvd
    MOBILE HOME PARK, TRAILER PARK

    1856 Apache Blvd, Tempe, AZ 85281-6034

    $1,795,000
    Estimated value
    625 sqft 0.63 AC lot
    View details
    1856 Apache Blvd
    MOBILE HOME PARK, TRAILER PARK

    1856 Apache Blvd, Tempe, AZ 85281-6034

    $3,315,000
    Estimated value
    1,638 sqft 0.93 AC lot
    View details
    1856 Apache Blvd
    MOBILE HOME PARK, TRAILER PARK

    1856 Apache Blvd, Tempe, AZ 85281-6034

    Value Estimation by Request
    0.56 AC lot
    View details
    1321 5Th St
    Multifamily properties

    1321 5Th St, Tempe, AZ 85281

    Value Estimation by Request
    2,760 sqft
    View details

    Tempe, AZ Multifamily Properties Market Trends and Statistics

    Explore 32 multifamily properties for sale in Tempe, AZ, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 19,622 square feet of properties for sale, with an estimated market value of $7,120,000.

    Sale prices for multifamily properties in Tempe, AZ start at $1,420,000, averaging $1,780,000, and reaching up to $2,300,000 — 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

    Apartment buildings 11
    Duplexes 4
    Quadplexes 2
    Triplexes 1

    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
    85282 $999.5K
    85284 $1.7M
    85281 $2.4M

    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.

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    Most Searched ZIP Codes in Tempe, AZ

    • 85281
    • 85288
    • 85282

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