Downtown Tempe Multifamily Homes & Duplexes for Sale

Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping,

Rob Sullivan Berkshire Hathaway HomeServices Arizona Properties

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS

James Stephens Better Homes & Gardens Real Estate SJ Fowler

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Available

James Stephens Better Homes & Gardens Real Estate SJ Fowler

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available

James Stephens Better Homes & Gardens Real Estate SJ Fowler

This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.5 CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,500,000. Or sold individually: 1424

James Stephens Better Homes & Gardens Real Estate SJ Fowler

Capitalize on a rare investment opportunity with this well-maintained four-plex, ideally situated in the heart of Tempe. This property boasts an unbeatable location, placing you within walking distance to the vibrant Arizona State University Tempe campus, ensuring consistent tenant demand. Additionally, you're just minutes away from the cutting-edge Novus Innovation Corridor, a hub of technology

Garrett Pedicini Grace CRE

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered; completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors.

Fabiola Felix HomeSmart

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered (gas & electric); completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New

Fabiola Felix HomeSmart

This remodeled duplex property in Tempe! Upon arrival, you will be greeted with a well-kept landscape, a swaying shade tree, and a carport/covered patio! Walk into a great rooms inside, designed to maximize space for an airy feel. Offering wood-look floors, soothing paint, & recessed lighting. One living room showcases an accented fireplace, creating a warm & inviting atmosphere. Upgraded

Ruby Threlkel DeLex Realty