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Mitchell Park East Multifamily Homes & Duplexes for Sale

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    $1,000,000

    522 W Howe St, Tempe, AZ 85281

    TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ASU! **DRIVE BY ONLY** **DO NOT DISTURB TENANTS** **VIEWING ONLY AFTER ACCEPTED CONTRACT**

    Agent Photo

    Mike Mendoza

    Keller Williams Realty Sonoran Living

    (844) 407-5592

    522 W Howe St, Tempe, AZ 85281
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    $949,995

    1234 S Farmer Ave, Tempe, AZ 85281

    Incredible triplex in the heart of downtown Tempe—just a stone's throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since

    Alan Kittelman Venture REI, LLC

    1234 S Farmer Ave, Tempe, AZ 85281

Why Live in Mitchell Park East

Mitchell Park East in Tempe is a neighborhood characterized by its mid-20th-century ranch-style homes, typically featuring one-car driveways and carports. These homes, ranging from 500 to 1,800 square feet, often have green lawns and fruit-laden orange trees thanks to flood irrigation. While homes here don't frequently come on the market, they tend to sell quickly. The area is primarily zoned for dense residential use, meaning single-family homes could potentially be adjacent to multifamily properties in the future. The neighborhood's main green space, Mitchell Park, spans 11 acres and includes a playground, off-leash dog park, and sports areas. Nearby, Tempe Town Lake offers kayaking, paddleboarding, and fishing, surrounded by Tempe Beach Park's walking paths and splash pad. University Drive is a hub for dining and shopping, featuring local favorites like Perfect Pear Bistro and Casey Moore’s Oyster House, as well as specialty stores such as Ash Avenue Comics & Books. The Mill Avenue District, just a few blocks away, provides additional dining, shopping, and nightlife options. Cultural events are plentiful, with venues like Childsplay, the Gammage, and the Tempe Center for the Arts hosting performances and festivals. The neighborhood is well-connected, with sidewalks, bike lanes, and bus stops along University Drive offering access to Arizona State University and downtown Tempe, about a mile away. Residents can also reach downtown Phoenix, 11 miles away, via the Valley Metro light rail or by car on Loop 202 or Interstate 10. Phoenix Sky Harbor International Airport is a 4-mile trip.

Home Trends in Mitchell Park East, AZ

Housing Trends

Median Sale Price
$1,250,000
Median Single Family Sale Price
$479,000
Average Price Per Sq Ft
$298
Number of Homes for Sale
2
Last 12 months Home Sales
1
Months of Supply
24.00
Median List Price
$479,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
113%
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