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    Tempe, AZ Residential Income Properties for Sale

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    10-Unit Garden-Style Apartment Building
    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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    Tempe Duplex With Separate Residences
    Updated: Sep 18
    Tempe Duplex With Separate Residences

    816 S WILSON Street S, Tempe, AZ 85281

    $799,000
    Two separate residences on one parcel
    Each residence has 2 bedrooms, 1 bathroom, and approx. 1,048 sq ft
    Approx. 11,032 SF lot with R‑3 zoning
    Separate APS electric, City of Tempe water, and Southwest Gas meters
    Both residences are tenant‑occupied
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    Duplex With R-4 Zoning
    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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    Five-Unit Apartment Building
    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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    Remodeled Duplex Near ASU
    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
    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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    Four-Unit Studio Quadplex
    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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    Updated Residential Income Property
    Updated Residential Income Property

    850 S River Dr #1111, Tempe, AZ 85281

    $310,000
    1,092 sqft

    Gated community condo with split bedroom arrangement, pool access, and enclosed patio storage.

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    Remodeled Duplex with Private Yards
    Remodeled Duplex with Private Yards

    2044 S FOREST Avenue, Tempe, AZ 85282

    $779,000

    Two separately arranged residences feature updated interiors, dedicated parking, laundry areas, and enclosed outdoor space.

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    Duplex with Detached ADU
    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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    Two-Bedroom Residential Income Property
    Two-Bedroom Residential Income Property

    2134 E Broadway Rd #2050, Tempe, AZ 85282

    $308,000
    1,083 sqft

    An upstairs condominium has two bedrooms, two baths, newer cabinetry, and access to a community pool and spa.

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    2-Bedroom Residential Income Property
    2-Bedroom Residential Income Property

    5200 S Lakeshore Dr #207, Tempe, AZ 85283

    $425,000
    1,742 sqft

    Remodeled unit with a garage and upgraded interior finishes, near ASU and restaurants within walking distance.

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    Residential Income Property with Two Suites
    Residential Income Property with Two Suites

    850 S River Dr #2071, Tempe, AZ 85281

    $269,000
    1,130 sqft

    Condo residence in a gated community with a tiled patio, in-unit laundry, and pool outlook.

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    Remodeled Condo with Attached Garage
    Remodeled Condo with Attached Garage

    2333 E Southern Ave #2081, Tempe, AZ 85282

    $255,000
    905 sqft

    A loft, in-unit laundry, and private patio add practical flexibility to this residential unit.

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    Upstairs Residential Income Property
    Upstairs Residential Income Property

    330 S Beck Ave #207, Tempe, AZ 85281

    $250,000
    838 sqft

    Tenant-occupied condo with community pool access and convenient proximity to ASU, Tempe Town Lake, shopping, dining, and freeways.

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    Ground-Level Residential Condo
    Ground-Level Residential Condo

    200 E Southern Ave #171, Tempe, AZ 85282

    $179,900
    693 sqft

    The unit includes in-home laundry and access to a community pool and clubhouse.

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    Remodeled Residential Income Property
    Remodeled Residential Income Property

    2035 S Elm St #247, Tempe, AZ 85282

    $278,000
    1,004 sqft

    Single-level residence featuring dual attached baths, an updated kitchen, and hard-surface flooring throughout.

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    6-Unit Apartment Building
    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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    Second-Floor Corner Income Property
    Second-Floor Corner Income Property

    616 S Hardy Dr #118, Tempe, AZ 85281

    $249,000
    779 sqft

    Two-bedroom condominium unit with strong transit connectivity and convenient access to ASU and Downtown Tempe.

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    10-Unit Garden-Style Apartment Building
    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
    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
    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
    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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    Ground-Level Residential Income Property
    Ground-Level Residential Income Property

    5200 S Lakeshore Drive 111, Tempe, AZ 85283

    $499,900

    Three-bedroom residence with two bathrooms, covered patio, fireplace, and access to extensive Lakeshore community amenities.

    View details
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    Tempe, AZ Residential Income Properties Market Trends and Statistics

    Explore 63 residential income properties for sale in Tempe, AZ, showcased through 43 active listings on our real estate platform. These investment opportunities span a total of 28,518 square feet of properties for sale, with an estimated market value of $22,438,594.

    Sale prices for residential investment properties in Tempe, AZ start at $170,000, averaging $547,282, 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

    Multifamily properties 18
    Duplexes 7
    Apartment buildings 6
    Quadplexes 2
    Short term rental 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
    85283 $462.5K
    85282 $625.9K
    85281 $661.3K

    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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    Most Searched ZIP Codes in Tempe, AZ

    • 85281
    • 85282
    • 85283
    • 85288
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