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    Tempe, AZ Residential Income 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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    Turnkey Tempe Duplex Investment
    Updated: Apr 1
    Turnkey Tempe Duplex Investment

    117 W 10TH Street, Tempe, AZ 85281

    $1,235,000
    1977‑built duplex with public sewer and sidewa​​lks
    Major exterior upgrades completed: exterior paint in 2022 plus roof/trim/overhang repairs and dry rot‑damaged wood replacement
    Updated electrical, including new outlets, switches, and GFIs; new exterior lighting
    Energy‑efficient features include low‑E windows and ENERGY STAR qualified heat pump heating/cooling
    Multiple updated kitchens with new cabinetry, granite or quartz countertops, undermount sinks, backsplashes, and new appliances
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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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    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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    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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    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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    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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    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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    Tempe Garden-Style Apartment Complex
    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 near ASU Main Campus in Tempe.

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    Multi-Family Land with Two Homes
    Multi-Family Land with Two Homes

    1229 E Spence Avenue, Tempe, AZ 85281

    $1,375,000

    R-4 high-density parcel with frontage on Spence Ave and two adjacent residential houses, offered for redevelopment or continued use.

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    Fully Remodeled Duplex Investment
    Fully Remodeled Duplex Investment

    1610 S COLLEGE Avenue, Tempe, AZ 85281

    $725,000

    Duplex with 2024 remodel, new roof, modern kitchens, and a shared laundry room with washer and dryer.

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    Garden-Style 10-Plex Apartment
    Garden-Style 10-Plex Apartment

    425 - 427 W 5TH Street W, Tempe, AZ 85281

    $1,700,000

    Ten garden-style units include studios and one- and two-bedroom layouts near major Tempe employment and amenities.

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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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    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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    One-Bedroom Residential Condo
    One-Bedroom Residential Condo

    154 W 5th Street #129, Tempe, AZ 85281

    $315,000

    One bed, one bath condo with a front courtyard, back patio, garage parking, and community pool amenities.

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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 Potential Opportunities for your consideration. Besides 17 Active Listings in Tempe, AZ, we suggest to view alternatives - similar 20 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.

    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

    Tempe, AZ Residential Income Properties Market Trends and Statistics

    Explore 37 residential income properties for sale in Tempe, AZ, showcased through 17 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 residential income 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

    Multifamily properties 19
    Apartment buildings 12
    Duplexes 4
    Quadplexes 2
    Single family properties 2

    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 $2.9M

    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

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