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Tempe, AZ Multifamily Homes & Duplexes for Sale

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  • /2

    $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
  • /17

    $455,000

    • 3 Beds
    • 2 Baths
    • 1,471 Sq Ft

    2025 E Don Carlos Ave, Tempe, AZ 85281

    Welcome home to 2025 E Don Carlos Ave, Tempe! This beautifully updated 3-bed, 2-bath single-family home offers a fresh, modern feel the moment you walk in. New paint, new carpet, and warm wood-look tile flooring create a bright and inviting space, while the remodeled kitchen features clean white cabinetry, quartz counters, stainless-steel appliances, and a spacious walk-in pantry—a rare find in

    Daniel Hodges HomeSmart

    2025 E Don Carlos Ave, Tempe, AZ 85281
  • /7

    $999,999

    1101 S Farmer Ave, Tempe, AZ 85281

    Welcome to this well-maintained fourplex in Tempe! Each of the four units has two bedrooms one bath. The property has recently been upgraded with a new roof and fresh exterior paint, ensuring a modern and appealing aesthetic. The location is a standout feature, being just a short walk away from ASU and the bustling Mill Avenue shops and restaurants. This proximity to local amenities not only

    Jennifer MacLay MacLay Real Estate

    1101 S Farmer Ave, Tempe, AZ 85281
  • /21

    $200,000

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    917 S Acapulco Ln Unit C, Tempe, AZ 85281

    Fantastic opportunity in a prime Tempe location! This single-level, end-unit townhome (not a condo!) offers privacy, convenience, and a spacious feel. Enjoy an open floor plan with ceramic tile in all the right places, a galley kitchen with a refrigerator included. The dining area features a vaulted ceiling, and the primary bedroom boasts a large walk-in closet. Additional highlights include

    Barbara Drake Keller Williams Integrity First

    917 S Acapulco Ln Unit C, Tempe, AZ 85281
  • /24

    $255,000

    • 2 Beds
    • 2 Baths
    • 987 Sq Ft

    520 S Evergreen Rd Unit 26B, Tempe, AZ 85281

    A remarkable Patio Home, 2 Bedroom, 2 Baths Condo. With new floors and fresh paint. Better priced for a quick sale. In a quiet community and conveniently situated. Near the ASU campus and Cubs Spring Training as well as the Tempe Market Place. The neighborhood has a pool, a spa and new constructed pickleball courts. Covered parking space.

    Roberto Campo Platinum First Realty

    520 S Evergreen Rd Unit 26B, Tempe, AZ 85281
  • /36

    $1,600,000

    1229 E Spence Ave, Tempe, AZ 85281

    Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched

    Jason Miszuk Realty ONE Group

    1229 E Spence Ave, Tempe, AZ 85281
  • /30

    $730,000

    1002 S Mariana St, Tempe, AZ 85281

    Four on Mariana - Fully Renovated Block Construction in Prime Tempe Location Welcome to Four on Mariana, an exceptional all-block construction multifamily property ideally located just minutes from Arizona State University and Downtown Tempe. This beautifully upgraded fourplex offers investors a rare turnkey opportunity in one of the most in-demand rental markets in the Valley. Each of the four

    Sophia Baron Grace CRE

    1002 S Mariana St, Tempe, AZ 85281
  • /31

    $1,148,000

    1224 S Maple Ave, Tempe, AZ 85281

    Three separate detached units on the lot, LOCATION, LOCATION, LOCATION! Unique opportunity in desirable area of Tempe, walking distance ASU campus and downtown Tempe attractions. The main house is about 1800 square feet with 3 bedrooms 2 baths, second home (1224 1/2 Maple) is a 2 bedroom 2 bath, third (1224 3/4 Maple) is a 1 bedroom 1 bath with great room which could be turned into second

    Jason Vaught Realty Executives Arizona Territory

    1224 S Maple Ave, Tempe, AZ 85281
  • /93

    $2,595,000

    117 W 10th St, Tempe, AZ 85281

    Rare Investment Opportunity in Prime Tempe Location!Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus!This turnkey, multi-unit property includes:Three 2 bed / 1 bath unitsOne 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready,

    Adam Prather eXp Realty

    117 W 10th St, Tempe, AZ 85281
  • /48

    $1,675,000

    1218 S Farmer Ave, Tempe, AZ 85281

    Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term

    Chris Bianco Civic Center Real Estate

    1218 S Farmer Ave, Tempe, AZ 85281
  • /49

    $999,000

    914 S Kenwood Cir, Tempe, AZ 85281

    A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't

    Michael Gordon Grace CRE

    914 S Kenwood Cir, Tempe, AZ 85281
  • /21

    $899,000

    1324 E Hall St, Tempe, AZ 85281

    Welcome to University Heights in Tempe, one of the most sought-after neighborhoods near Arizona State University. This unique property offers both a 3-bedroom, 1-bath main home (1,200 sq ft) and a brand-new 3-bedroom, 2-bath detached ADU (850 sq ft). The ADU is designed with private entrances for each bedroom, making it perfect for individual student rentals or flexible tenant arrangements. This

    Melissa Steenson The BrokerEDGE

    1324 E Hall St, Tempe, AZ 85281
  • /39

    $844,999

    • 6 Beds
    • 4 Baths
    • 2,622 Sq Ft

    942 S Ash Ave Unit 103, Tempe, AZ 85281

    Prime location just steps from ASU campus & Mill Ave in the historic MAPLE ASH district! This 6 bedroom, 4 bath home is highly upgraded with the following: vinyl plank flooring, fresh neutral paint, stainless appliances, granite countertops in kitchen & beautifully appointed bathrooms w/quartz vanities & high end fixtures. Home features inside laundry with washer & dryer included. The main level

    Heather Cagle-Ryan E & G Real Estate Services

    942 S Ash Ave Unit 103, Tempe, AZ 85281
  • /23

    $2,500,000

    626 S Wilson St, Tempe, AZ 85281

    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)

    David Arustamian Russ Lyon Sotheby's International Realty

    626 S Wilson St, Tempe, AZ 85281
  • /22

    $699,500

    538 W 13th St Unit A, Tempe, AZ 85281

    Don't miss this great opportunity to own a beautifully appointed 4-bedroom, 2-bathroom home with a GUEST HOUSE, 1-bedroom, 1-bathroom, full kitchen and separate laundry room. All within walking distance to Arizona State University and the vibrant shops, dining, and entertainment of Mill Avenue. Homes in this highly sought-after neighborhood rarely hit the market, especially this close to campus.

    Miguel Tzompantzi West USA Realty

    538 W 13th St Unit A, Tempe, AZ 85281
  • /14

    $965,000

    1145 W Southern Ave, Tempe, AZ 85282

    DO NOT DISTURB TENANTS. Rarely available and meticulously maintained Tempe 4-plex with exceptional visibility directly on Southern Ave. Each 2-bed, 1-bath unit is spacious and on month-to-month leases, offering immediate upside on below-market rents. Pride of ownership shows with major recent upgrades including new ABS plumbing, newer roof, updated ACs, fresh paint, modern appliances, and

    Bejan Parivar Citiea

    1145 W Southern Ave, Tempe, AZ 85282
  • /47

    $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
  • /33

    $1,400,000

    • 7 Beds
    • 7 Baths
    • 2,605 Sq Ft

    725 E Encanto Dr, Tempe, AZ 85281

    Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping,

    Rob Sullivan Berkshire Hathaway HomeServices Arizona Properties

    725 E Encanto Dr, Tempe, AZ 85281

Why Live in Tempe

Tempe Town Lake serves as a recreational hub where residents kayak, paddleboard, and stroll along scenic waterfront paths. The iconic "A" Mountain provides panoramic city views from its summit, while the Mill Avenue district buzzes with shops, restaurants, and nightlife. Cultural attractions include the Frank Lloyd Wright-designed ASU Gammage theater, which hosts Broadway shows, and the free ASU Art Museum showcasing contemporary Latin American works. The city's 50 parks and 175 miles of bike paths include Papago Park's desert trails and Kiwanis Park's wave pool. Local dining ranges from craft beer at Four Peaks Brewing's historic 8th Street Pub to modern Southwest cuisine at Ghost Ranch.

The Tempe real estate market includes properties from $219,000 to $1,595,000. The median sale price across all property types is $475,000. Single-family homes command a median price of $545,000, with variations by neighborhood. South Tempe homes reach a median of $645,000, while West Tempe homes sit at $375,000. Townhouses in the Riverside area have a median price of $580,000. Condos present a more affordable option, with median prices of $231,000 for one bedroom and $305,000 for two bedrooms.

Tempe's property tax rate of 0.47% matches neighboring Phoenix, Mesa, and Scottsdale. The combined sales tax rate is 8.41%, including a 5.60% state rate and 2.81% local rate. Arizona's state income tax rate is 2.50%.

The city's education system includes Corona Del Sol High School, rated A by Niche. Private schools like Our Lady of Mount Carmel School and Grace Christian Academy also maintain A ratings. Arizona State University's main campus adds to the educational landscape. Valley Metro light rail and extensive bus service connect to Phoenix Sky Harbor International Airport, typically a 10 to 15 minute drive. Major employers span technology, healthcare, education, and manufacturing sectors.

Home Trends in Tempe, AZ

Housing Trends

Median Sale Price
$473,500
Median Single Family Sale Price
$540,000
Median Townhouse Sale Price
$375,000
Median 2 Bedroom Sale Price
$290,000
Median 1 Bedroom Sale Price
$228,000
Average Price Per Sq Ft
$298
Number of Homes for Sale
333
Last 12 months Home Sales
1,389
Months of Supply
2.90
Median List Price
$495,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%
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