Tempe, AZ Residential Income Properties for Sale

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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

10‑plex garden‑style multifamily property in Tempe’s Orth Subdivision
Unit mix includes 8 studios (~388 SF), 1/1 (~550 SF), and 1/2‑bed (~750 SF)
Block construction with years built noted as 1957 and 1963
Central A/C and electric forced‑air heating
Public water source

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Updated: Aug 14

Duplex with Detached ADU

111 E BONITA Way, Tempe, AZ 85281

$850,000

11,000+ square foot lot in Tempe near Arizona State University
Detached ADU in process with private entrance, full kitchen, and stacked laundry
Renovated main residence with fresh paint and new flooring
Detached garage plus 6 parking spaces
Residential zoning with no HOA

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Remodeled Duplex with Carports

625 W 12th Street, Tempe, AZ 85281

$675,000

Two refreshed rental units offer individual storage, appliances, and convenient access to ASU, shopping, dining, and transportation.

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See what stands out in Maricopa County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

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

$625,000

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

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Updated Duplex with Private Patios

421 S TERRY Lane, Tempe, AZ 85281

$749,999

Two-unit residential property with refreshed interiors, separate outdoor areas, and furnished kitchen and laundry appliances.

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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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Remodeled Residential Income Property

2035 S Elm St #247, Tempe, AZ 85282

$280,000

1,004 sqft

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

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Remodeled Duplex with Updated Kitchens

1610 S COLLEGE Avenue, Tempe, AZ 85281

$700,000

Both residences are occupied and share a laundry room equipped with a washer and dryer.

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High-Density Multifamily Property

1229 E Spence Avenue, Tempe, AZ 85281

$1,299,000

Two existing houses on an R-4-zoned parcel with frontage along Spence Avenue near Arizona State University.

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2-Bedroom Residential Income Property

5200 S Lakeshore Dr #207, Tempe, AZ 85283

$475,000

1,742 sqft

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

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Furnished Triplex With Attached Garage

515 W PEBBLE BEACH Drive, Tempe, AZ 85282

$899,000

Three separate residences include a four-bedroom home and two matching two-bedroom units with individually metered utilities.

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Residential Income Property with Two Suites

850 S River Dr #2071, Tempe, AZ 85281

$275,000

1,130 sqft

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

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One-Bedroom Residential Income Unit

1111 E University Drive #201, Tempe, AZ 85288

$190,000

631 sqft

Second-floor residence with in-unit laundry and assigned covered parking.

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Residential Income Property with Balcony

1111 W University Drive #2020, Tempe, AZ 85281

$299,999

864 sqft

Condominium unit with an open living area, updated kitchen finishes, and a private bedroom suite.

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Second-Floor Corner Income Property

616 S Hardy Dr #118, Tempe, AZ 85281

$272,500

779 sqft

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

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Quadplex with Attached Retail Space

2423 E Apache Blvd, Tempe, AZ 85281

Contact for pricing

7,750 sqft 1.00 AC lot

Fourplex and attached retail space on an acre lot, with the retail currently operating as a flower shop.

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Garden-Style 10-Plex Apartment Building