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Tempe, AZ Multifamily Homes & Duplexes for Sale

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  • /2

    $1,000,000

    522 W Howe St, Tempe, AZ 85281

    TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ASU! **DRIVE BY ONLY** **DO NOT DISTURB TENANTS** **VIEWING ONLY AFTER ACCEPTED CONTRACT**

    Agent Photo

    Mike Mendoza

    Keller Williams Realty Sonoran Living

    (844) 407-5592

    522 W Howe St, Tempe, AZ 85281
  • /38

    $425,000

    • 2 Beds
    • 2 Baths
    • 1,169 Sq Ft

    7724 S Apricot Dr, Tempe, AZ 85284

    Absolutely gorgeous remodeled patio home in a great Tempe location. Your clients will not be disappointed as this home is immaculate and boasts new paint interior/exterior, new light fixtures, carpet, doors/hardware, baseboards, new hot water heater, recessed lighting, air conditioning unit and new water softener. This home is really move in ready and has been completely remodeled. Master bath

    Kendra Russell eXp Realty

    7724 S Apricot Dr, Tempe, AZ 85284
  • /15

    $1,580,000

    1219 S Farmer Ave, Tempe, AZ 85281

    This 7-unit (fully-occupied), garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport.Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly

    Jesse Lowery HomeSmart

    1219 S Farmer Ave, Tempe, AZ 85281
  • /35

    $615,000 Open Sat 12PM - 3PM

    • 2 Beds
    • 2.5 Baths
    • 2,386 Sq Ft

    6411 S River Dr Unit 38, Tempe, AZ 85283

    Nestled in a distinctive gated community, this Santa Fe-style 2 bed/ 2.5 bath + large loft, offers an exceptional getaway with its exquisite design & prime location. This home features a SPACIOUS layout, featuring an open floor plan w/ soaring ceilings that create an airy & inviting ambiance. Expansive windows t/o brings the beauty of the outdoors in, great natural lighting. With TWO owner's

    Stephanie Wyatt Coldwell Banker Realty

    6411 S River Dr Unit 38, Tempe, AZ 85283
  • /9

    $350,000

    • 2 Beds
    • 2 Baths
    • 988 Sq Ft

    849 W Duke Dr, Tempe, AZ 85283

    Location, location, location. Close to fwys, Kiwanis park, golf, running canals, ASU, Tempe Y, shopping & mall. No rear neighbors. Community pool. Ceramic tile. Stainless appliances. Energy saving N/S exposure. Wall A/C in garage.

    Paul Pastore ProSmart Realty

    849 W Duke Dr, Tempe, AZ 85283
  • /18

    $365,000

    • 2 Beds
    • 2 Baths
    • 1,258 Sq Ft

    1020 W Pisces Dr, Tempe, AZ 85283

    Popular Tempe Location. Beautiful 2 bedroom 2 bathroom single family home on a interior corner lot which is walking distance to the community pool. The great room has an open feeling with its soaring ceiling. Sliding glass door makes this room bright leads to the cozy patio and low maintainace backyard. Master bedroom is downstairs with a separate sliding glass door to the patio. The other

    Chris Harvey HomeSmart

    1020 W Pisces Dr, Tempe, AZ 85283
  • /32

    $1,550,000

    • 7 Beds
    • 7 Baths
    • 2,605 Sq Ft

    725 E Encanto Dr, Tempe, AZ 85281

    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

    725 E Encanto Dr, Tempe, AZ 85281
  • /18

    $1,200,000

    1440 S Stanley Place, Tempe, AZ 85281

    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

    1440 S Stanley Place, Tempe, AZ 85281
  • /21

    $800,000

    1424 S Stanley Place, Tempe, AZ 85281

    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

    1424 S Stanley Place, Tempe, AZ 85281
  • /18

    $800,000

    1428 S Stanley Place, Tempe, AZ 85281

    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

    1428 S Stanley Place, Tempe, AZ 85281
  • /41

    $3,500,000

    1424 S Stanley Place, Tempe, AZ 85281

    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

    1424 S Stanley Place, Tempe, AZ 85281
  • /31

    $1,249,000

    1224 S Maple Ave, Tempe, AZ 85281

    Three separate detached units on the lot, LOCATION, LOCATION, LOCATION! Unique opportunity in desirable area of Tempe, walking distance ASU campus and downtown Tempe attractions. The main house is about 1800 square feet with 3 bedrooms 2 baths, second home (1224 1/2 Maple) is a 2 bedroom 2 bath, third (1224 3/4 Maple) is a 1 bedroom 1 bath with great room which could be turned into second

    Jason Vaught Realty Executives

    1224 S Maple Ave, Tempe, AZ 85281
  • /36

    $465,000

    • 3 Beds
    • 2 Baths
    • 1,435 Sq Ft

    5 W Ranch Rd, Tempe, AZ 85284

    Welcome to this charming single-level home located in the desirable Warner Ranch neighborhood! Enter the private gated courtyard. This beautiful 3-bed, 2-bath home offers the perfect blend of comfort & convenience. Featuring spacious living areas, natural light, this home is designed for easy living. The inviting living room flows effortlessly into the dining area, making it perfect for

    Tammy Eilenfeldt Coldwell Banker Realty

    5 W Ranch Rd, Tempe, AZ 85284
  • /17

    $549,999

    • 4 Beds
    • 2 Baths
    • 1,621 Sq Ft

    21 E Fillmore St, Tempe, AZ 85281

    Welcome to this beautiful 4 bedroom, 2 bathroom home in Tempe, AZ! This house features a remodeled kitchen with stainless appliances, a tile backsplash, and a kitchen island for all your cooking needs. Enjoy the convenience of wood look flooring throughout the home and extra storage in the laundry area. Step outside to the covered patio and artificial turf backyard, perfect for outdoor

    Amanda Andrews Affinity Home Assets LLC

    21 E Fillmore St, Tempe, AZ 85281
  • /27

    $450,000

    • 3 Beds
    • 2 Baths
    • 1,686 Sq Ft

    2167 E Aspen Dr, Tempe, AZ 85282

    Few homes come for sale in this beautiful community, here is the opportunity to be in an excellent central location. Easy access to the whole valley! Close to ASU, MCC and Sonoran University. Nice open space in the main living area, vaulted ceilings, tile flooring. Remodeled primary bathroom with double sinks and separate bath. Oversized primary closet. Dining room has nice windows out to orange

    Hilary Sutter My Home Group Real Estate

    2167 E Aspen Dr, Tempe, AZ 85282
  • /64

    $740,000

    2106 S Granada Dr, Tempe, AZ 85282

    Tenants will love this location, close enough to ASU to enjoy a quick bike or bus commute or they can take their car as each unit has 1 covered carport. Property also has 2 concrete slab parking spots with street parking available as well. Currently property is set up for tenants to pay their own electricity and landlord pays rest such as sewer/water/trash. Unit 1 is large with over 1400 sq feet,

    Kalliany Alvarez Valley Views RE

    2106 S Granada Dr, Tempe, AZ 85282
  • /14

    $950,000

    908 S Mariana St, Tempe, AZ 85281

    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

    908 S Mariana St, Tempe, AZ 85281
  • /51

    $1,095,000

    1320 W 5th St, Tempe, AZ 85281

    Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to OldTown Scottsdale. In an OZ. Hard to find & bigger than the competition all 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1320 W 5th St, Tempe, AZ 85281
  • /19

    $650,000

    4815 S La Rosa Dr, Tempe, AZ 85282

    Prime Investment Opportunity in Tempe!This well-located duplex offers two spacious 900 sq. ft. units, each featuring large privateyards, covered parking, and additional storage space. Situated on a generous 11,722 sq. ft. lot,this property provides plenty of outdoor space for tenants, enhancing its rental appeal.With its proximity to Arizona State University, major employers,

    Blake Mallery Compass

    4815 S La Rosa Dr, Tempe, AZ 85282
  • /16

    $759,000

    1310 W 5th St, Tempe, AZ 85281

    Newly Remodeled Duplex in Prime Tempe Location!This beautifully updated 2-bed, 1-bath per unit duplex is just minutes from ASU—perfect for investors or owner landlord! Featuring luxury vinyl flooring, brand-new appliances, and custom cabinets, it offers modern style and durability. With high rental demand and a prime location near shopping, dining, and freeways, this is a fantastic income

    Austin Stocks My Home Group Real Estate

    1310 W 5th St, Tempe, AZ 85281
  • /16

    $4,690,000

    2309 S College Ave, Tempe, AZ 85282

    Located in the heart ofTempe, this 18-unitapartment complexpresents a turnkeyinvestment opportunity ina high-demand market.Situated just minutes fromArizona State University,downtown Tempe, majorfreeways, and publictransit, this property'sprime location attracts asteady stream of tenantsfor consistent rentalincome in a

    Simon Bowen Denali Real Estate, LLC

    2309 S College Ave, Tempe, AZ 85282
  • /22

    $849,900

    405 S Priest Dr, Tempe, AZ 85281

    405 South Priest Drive (South) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property

    Bryce Neagle ABI Multifamily

    405 S Priest Dr, Tempe, AZ 85281
  • /20

    $849,000

    405 S Priest Dr, Tempe, AZ 85281

    405 South Priest Drive (North) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property

    Bryce Neagle ABI Multifamily

    405 S Priest Dr, Tempe, AZ 85281
  • /19

    $849,000

    925 E Henry St, Tempe, AZ 85281

    TWO SEPARATE Adjoining Homes (925 E Henry St & 1100 N Esther St) - Both have HUGE LOTS, nearly 1/2 ACRE of land, both lots have R-2 ZONING! PLENTY of land and adequate zoning to add more ADU units PLUS opportunity to add more sf to both existing homes to increase rents etc., seller has permits ready to go, buyer to verify all with city of Tempe. Both homes (have separate parcel/APN numbers) and

    Bruce Swift Windermere Real Estate & Property Management

    925 E Henry St, Tempe, AZ 85281
  • /48

    $790,000

    1413 S Jentilly Ln, Tempe, AZ 85281

    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

    1413 S Jentilly Ln, Tempe, AZ 85281
  • /46

    $790,000

    1411 S Bonarden Ln, Tempe, AZ 85281

    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

    1411 S Bonarden Ln, Tempe, AZ 85281
  • /62

    $799,989

    1610 S College Ave, Tempe, AZ 85281

    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

    1610 S College Ave, Tempe, AZ 85281
  • /165

    $7,990,000

    000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257

    Coming soon

    Linda Gerchick Gerchick Real Estate

    000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257
  • /64

    $2,495,000

    7602 E Polk St, Scottsdale, AZ 85257

    Discover Ethos on Polk, a fully remodeled six-unit multifamily investment located just minutes from the heart of Old Town Scottsdale. This turn-key asset offers exceptional tenant appeal, stable income, and long-term upside in one of the Valley's most sought-after rental markets.With four spacious 2-bed/1-bath units and two modern 1-bed/1-bath units, each residence includes its own

    Linda Gerchick Gerchick Real Estate

    7602 E Polk 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

Home Trends

Median Price (12 Mo)
$475,000
Median Single Family Price
$542,500
Median Townhouse Price
$385,000
Median 2 Bedroom Price
$309,000
Median 1 Bedroom Price
$237,000
Average Price Per Sq Ft
$305
Number of Homes for Sale
426
Last 12 months Home Sales
1,358
Months of Supply
3.80
Median List Price
$499,000
Median Discount From 1st List Price
3%
Median Home Sale Price YoY Change
3%
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