$570,000
SOLD OCT 21, 2025
-- Bed
-- Bath
2,408 Sq Ft
1972 Built

Recently Sold

$237 Per Sq Ft

10% Below List Price

92 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of October 2025

Great investment opportunity with this Tempe Triplex by ASU, located near Priest & University. All are spacious 2 Bed/1 Bath units & the property is on a large lot. Units are individually metered for gas & electric, plus there is a shared laundry room. **Do not disturb tenants**

Last Agent to Sell the Property

David Evans Jr

Realty ONE Group License #BR537006000 Listed on: 06/23/2025

Last Buyer's Agent

Wai Tam

HomeSmart License #SA682200000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,149

Year Built

  • Built in 1972

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 322
  • Assessor Parcel Number 124-72-144-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr
  • Lindon Park 9 Subdivision

Building Details

  • Operating Expense $11,719
  • Gross Income $37,539
  • Net Operating Income $25,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,149

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Priest & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1972
  • Tax Year: 2024
  • Professional Management Expense: 1800.0
  • Subdivision Name: LINDON PARK 9
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible
  • Construction Type: Painted, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1950.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 124-72-144-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 37539.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 25820.0
  • Annual Operating Expense: 11719.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2149.0
  • Tax Book Number: 124.00
  • Tax Lot: 322

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2003
Sold by
Hauger Richard and Hauger Joann M
Bought by
Mori Alvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,875
Outstanding Balance
$64,013
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$545,522

Purchase Details

Closed on
May 6, 2003
Sold by
Mori Etsuko
Bought by
Mori Alvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,875
Outstanding Balance
$64,013
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$545,522
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $202,500 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $151,875 Purchase Money Mortgage
Previous Owner $151,875 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 Sold $570,000 -1.7% $237 / Sq Ft
09/23/2025 09/23/25 Pending -- -- --
08/03/2025 08/03/25 Price Changed $580,000 -7.9% $241 / Sq Ft
06/23/2025 06/23/25 For Sale $630,000 -- $262 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $2,299 $19,182 -- --
2024 $2,123 $18,268 -- --
2023 $2,123 $59,010 $11,800 $47,210
2022 $2,036 $47,250 $9,450 $37,800
2021 $2,050 $40,610 $8,120 $32,490
2020 $1,988 $36,820 $7,360 $29,460
2019 $1,950 $30,550 $6,110 $24,440
2018 $1,902 $25,170 $5,030 $20,140
2017 $1,845 $21,210 $4,240 $16,970
2016 $1,832 $19,880 $3,970 $15,910
2015 $1,760 $19,470 $3,890 $15,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6884237

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-72-144A