1324 E Hall St Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $3,963/month
Highlights
- Central Heating and Cooling System
- Ceiling Fan
- Concrete Flooring
About This Home
INVESTOR ALERT! Seize this rare, high-cash-flow opportunity in University Heights, Tempe's premier student housing corridor adjacent to Arizona State University (ASU). This is a strategic Legal Duplex designed for maximum rental yield, offering two distinct income streams: a 1,200 sq ft, 3-bedroom, 1-bath main house, and a brand-new, detached 850 sq ft ADU. This property is not just a rental; it is a meticulously designed income machine with an above average cap rate near 8%. Ideal for a dedicated student housing portfolio, flexible long-term rentals, or a savvy owner-occupant seeking substantial passive income.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2026 01/14/26 | Price Changed | $749,000 | -6.3% | -- |
| 12/16/2025 12/16/25 | Price Changed | $799,000 | -11.1% | -- |
| 09/08/2025 09/08/25 | For Sale | $899,000 | -- | -- |
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 |
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: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6919097
APN: 132-62-050
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.
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
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