$899,000

1324 E Hall St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated payment $4,799/month

Total Views 3,245
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Concrete Flooring

About This Home

Welcome to University Heights in Tempe, one of the most sought-after neighborhoods near Arizona State University. This unique property offers both a 3-bedroom, 1-bath main home (1,200 sq ft) and a brand-new 3-bedroom, 2-bath detached ADU (850 sq ft). The ADU is designed with private entrances for each bedroom, making it perfect for individual student rentals or flexible tenant arrangements. This property sits just minutes from campus, shopping, and nightlife, making it an ideal investment for student housing, multi-generational living, or owner-occupied income generation.

Listing Agent

Melissa Steenson

The BrokerEDGE License #SA713156000 Listed on: 09/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $840

Year Built

  • Built in 1951

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Cement Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Tempe High School

Utilities

  • Central Heating and Cooling System
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 132-62-050

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 117.45 x 62.43
  • Tomlinson Estates Subdivision

Building Details

  • Operating Expense $840
  • Gross Income $59,400
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$840

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Chief Jones Way
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: SFR
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1951
  • Tax Year: 2024
  • Subdivision Name: TOMLINSON ESTATES
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Const - Finish Cement Siding: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Built-In Range, Disposal, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Boundary Survey Avlb, Seller Prop Disc Stm
  • Construction Type: Cement Siding, Wood Frame, Stucco, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Add'l Parking Avail, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric, Natural Gas, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 117.45 x 62.43
  • Additional Parcels: No
  • Parcel #: 132-62-050

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 2
  • Annual Gross Income: 59400.0
  • Property Net Operating Income: 60000.0
  • Annual Operating Expense: 840.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 840.0
  • Tax Book Number: 132.00
  • Tax Lot: 40

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $899 $7,500 -- --
2024 $830 $7,143 -- --
2023 $830 $15,125 $3,025 $12,100
2022 $796 $11,090 $2,215 $8,875
2021 $802 $10,305 $2,060 $8,245
2020 $777 $9,515 $1,900 $7,615
2019 $763 $8,730 $1,745 $6,985
2018 $744 $8,130 $1,625 $6,505
2017 $721 $7,175 $1,435 $5,740
2016 $1,433 $12,080 $2,410 $9,670
2015 $1,376 $11,460 $2,290 $9,170
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2025 09/08/25 For Sale $899,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $334,000 Chicago Title Agency
Warranty Deed $334,000 Chicago Title Agency
Warranty Deed $305,000 Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,000 New Conventional
Closed $275,000 New Conventional
Closed $244,000 Credit Line Revolving
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6919097

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-62-050

Arizona Maricopa County Tempe 85281 Downtown Tempe

1324 E Hall St, Tempe, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes
Listing Agent
Melissa Steenson
Section Image
The BrokerEDGE
(623) 343-9957