Tempe, AZ Multifamily Homes & Duplexes for Sale
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$425,000
- 2 Beds
- 2 Baths
- 1,169 Sq Ft
7724 S Apricot Dr, Tempe, AZ 85284
7724 S Apricot Dr, Tempe, AZ 85284 -
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$615,000 Open Sat 12PM - 3PM
- 2 Beds
- 2.5 Baths
- 2,386 Sq Ft
6411 S River Dr Unit 38, Tempe, AZ 85283
6411 S River Dr Unit 38, Tempe, AZ 85283 -
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$365,000
- 2 Beds
- 2 Baths
- 1,258 Sq Ft
1020 W Pisces Dr, Tempe, AZ 85283
1020 W Pisces Dr, Tempe, AZ 85283 -
$1,550,000
- 7 Beds
- 7 Baths
- 2,605 Sq Ft
725 E Encanto Dr, Tempe, AZ 85281
725 E Encanto Dr, Tempe, AZ 85281 -
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$549,999
- 4 Beds
- 2 Baths
- 1,621 Sq Ft
21 E Fillmore St, Tempe, AZ 85281
21 E Fillmore St, Tempe, AZ 85281 -
$450,000
- 3 Beds
- 2 Baths
- 1,686 Sq Ft
2167 E Aspen Dr, Tempe, AZ 85282
2167 E Aspen Dr, Tempe, AZ 85282 -
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$7,990,000
000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257
000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257 -
About Tempe



Set by the Sonoran Desert and home to Arizona State University, Tempe's main industry is education. “Tempe is definitely a college town, especially the north Tempe area. It’s hip, much younger than Scottsdale,” says Josiah Miller, a Realtor with Josiah Miller Homes and a Phoenix-area local. Many ASU students stay in the area after graduation, so Tempe’s also popular with young families and working professionals. Between 2010 and 2024, the population here grew from 160,000 to 180,000.
Tempe was a 19th-century hub for trade and transportation a ...
Home Trends in Tempe, AZ
On average, homes in Tempe, AZ sell after 41 days on the market compared to the national average of 47 days. The average sale price for homes in Tempe, AZ over the last 12 months is $511,627, up 5% from the average home sale price over the previous 12 months.
Home Trends
In Tempe, there are currently 29 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $350,000 to $7,990,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Tempe is $499,000, while the average sale price is $511,627, offering insights into the local housing market. On average, multi-family homes spend 41 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Tempe, AZ.