$2,750,000

626 S Wilson St Tempe, AZ 85281

Riverside Neighborhood

Estimated payment $15,499/month

Total Views 294
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Brick Veneer
  • Concrete Flooring
  • Heat Pump System
  • Central Air

About This Home

Venture on Wilson is a fully renovated, 12-unit garden-style community ideally located in the heart of Tempe, just blocks from Mill Avenue, Tempe Beach Park, and the ASU campus. Originally constructed in 1960 and extensively updated in 2019, the property blends timeless architecture with thoughtful upgrades tailored to today's urban renter. The community features a desirable unit mix of (10) one-bedroom and (2) two-bedroom residences, each individually metered for electricity and equipped with in-unit washers and dryers. A central courtyard offers residents a private, shaded gathering space, while mature palm trees and native landscaping enhance the boutique appeal. Positioned just one block from the newly developed Whole Foods Market and walkable to restaurants, nightlife, and the light rail, Venture on Wilson offers both lifestyle convenience and long-term investment potential in one of Greater Phoenix's most resilient rental markets.

Listing Agent

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 08/05/2025

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,305

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Brick Veneer
  • Concrete Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 124-33-066-B

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are 23958 square feet
  • State Plat No 12 Amd Subdivision

Building Details

  • Operating Expense $38,005
  • Gross Income $177,420
  • Net Operating Income $139,415

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,305

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: University Dr & Mill Ave
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2024
  • Directions: Heading (South) on Priest Dr, turn (East) on 5th St, (South) on Wilson St, continue to the property on your (West) side.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10800.0
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Built-In Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: Concrete, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 19.0
  • Total Parking Spaces: 19.0
  • General Property Description:Uncvrd Parking Spcs: 19.0
  • General Property Description:Total Parking Spcs: 19.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Heat Pump, Individual
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 23958 square feet
  • Additional Parcels: Yes
  • Parcel #: 124-33-066-B

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Annual Gross Income: 177420.0
  • Insurance Expense: 8400.0
  • Property Net Operating Income: 139415.0
  • Annual Operating Expense: 38005.0

Tax Info

  • Tax Annual Amount: 5305.0
  • Tax Book Number: 124.00
  • Tax Lot: 1

Map

Range of Values:

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Average Value
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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
08/05/2025 08/05/25 For Sale $2,750,000 +14.6% --
01/30/2023 01/30/23 Sold $2,400,000 -5.9% $4,800 / Sq Ft
12/14/2022 12/14/22 Pending -- -- --
10/31/2022 10/31/22 For Sale $2,550,000 0.0% $5,100 / Sq Ft
10/31/2022 10/31/22 Price Changed $2,550,000 -17.1% $5,100 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
09/10/2022 09/10/22 For Sale $3,075,000 +327.1% $6,150 / Sq Ft
07/31/2014 07/31/14 Sold $720,000 -5.1% $1,440 / Sq Ft
07/15/2014 07/15/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $759,000 -- $1,518 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6901363

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Tempe 85281 Riverside

626 S Wilson St, Tempe, AZ

This home is located at 626 S Wilson St, Tempe, AZ 85281 and is currently priced at $2,750,000. This property was built in 1960. 626 S Wilson St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley 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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David Arustamian
Listing Agent
David Arustamian
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Russ Lyon Sotheby's International Realty
(623) 304-0954