$1,300,000
PENDING

2205 S Mill Ave Tempe, AZ 85282

Alameda Neighborhood

Estimated payment $7,505/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Ceiling Fan

About This Home

2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.

Listing Agent

Brad Skenderian

Matthews Real Estate Investment Services License #SA692958000 Listed on: 08/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,059

Year Built

  • Built in 1959

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 133-23-062

Community Details

Overview

  • 8 Units
  • Building Dimensions are 10,064 SqFt
  • Tempe Estates Subdivision

Building Details

  • Operating Expense $5,059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,059

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Mill Avenue & Broadway Road
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: TEMPE ESTATES
  • Cooling:Ceiling Fan(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 10,064 SqFt
  • Additional Parcels: No
  • Parcel #: 133-23-062

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Annual Operating Expense: 5059.0

Tax Info

  • Tax Annual Amount: 5059.0
  • Tax Book Number: 133.00
  • Tax Lot: 33

Map

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

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $1,300,000 +141.9% --
11/12/2012 11/12/12 Sold $537,500 -10.4% $347 / Sq Ft
10/28/2012 10/28/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $599,900 -- $387 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6910328

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Tempe 85282 Alameda

2205 S Mill Ave, Tempe, AZ

This home is located at 2205 S Mill Ave, Tempe, AZ 85282 and is currently priced at $1,300,000. This property was built in 1959. 2205 S Mill Ave is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly Middle School, and Tempe High School.

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

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Brad Skenderian
Listing Agent
Brad Skenderian
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Matthews Real Estate Investment Services
(602) 584-0137