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Tempe, AZ Multifamily Homes & Duplexes for Sale

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  • /29

    $899,000

    1321 W 5th St, Tempe, AZ 85281

    Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe Town Lake, major freeways (Loop 202, 101 & I-10) and

    Agent Photo

    Joseph Maggiore

    Desert Dimensions Properties

    (833) 531-0506

    1321 W 5th St, Tempe, AZ 85281
  • /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
  • /26

    $399,950

    • 2 Beds
    • 2 Baths
    • 1,084 Sq Ft

    5216 E Half Moon Dr, Phoenix, AZ 85044

    Stylish Turnkey 2 Bed / 2 Bath HomeBeautifully remodeled kitchen with quartz counters, new appliances, and modern finishes. Open-concept layout flows into a spacious great room—perfect for gatherings. Fresh paint, wood-look tile, and new carpet add warmth and style throughout. Relax in your private backyard retreat with a covered patio and low-maintenance landscaping. 2-car garage with direct

    Manuel Bermudez Redfin Corporation

    5216 E Half Moon Dr, Phoenix, AZ 85044
  • /22

    $714,000

    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

    $519,900 Open Thu 10AM - 2PM

    • 3 Beds
    • 2 Baths
    • 1,488 Sq Ft

    1644 N Ventura Ln, Tempe, AZ 85281

    ovely 3BR/2BA, single level Marlborough Park Villas townhouse perfectly located on a premium cul-de-sac lot surrounded by beautifully landscaped common areas. Within steps of the community pool and desert trails, and easy biking distance to Tempe Town Lake and ASU. Open, vaulted ceilings and abundant interior glass compliment views of the interior atrium, over-sized private patio, and wonderfully

    Erik Kelly eXp Realty

    1644 N Ventura Ln, Tempe, AZ 85281
  • /25

    $389,000

    • 2 Beds
    • 2.5 Baths
    • 1,100 Sq Ft

    280 S Evergreen Rd Unit 1287, Tempe, AZ 85288

    Welcome to this beautifully upgraded 2 bedroom, 2.5 bath end unit, ideally situated in a gated community just minutes from Tempe Marketplace, Riverview Park, and with quick access to the 101 and 202 freeways. This light filled home features stylish upgraded flooring, elegant quartz countertops, and a spacious open layout designed for modern living. Enjoy peaceful views of the community pool,

    David Goldberg Realty ONE Group

    280 S Evergreen Rd Unit 1287, Tempe, AZ 85288
  • /10

    $550,000

    920 S Kenwood Cir, Tempe, AZ 85281

    Sunrise at Kenwood | Duplex Investment Opportunity in a Prime Tempe LocationThis well-maintained property features two spacious 2-bedroom, 1-bathroom units—each approximately 672 square feet—with huge pie shaped private backyards, with each having carport parking, and long-term tenancy in place.Investment Highlights:Both units are currently rented below market rates,

    Sophia Baron Grace CRE

    920 S Kenwood Cir, Tempe, AZ 85281
  • /11

    $845,000

    1305 N Frances St, Tempe, AZ 85281

    1305 N Frances offers a unique chance to capitalize on an approved (but not yet finalized) lot split. The existing single-family home will retain an 8,694 sq ft lot, while the new 5,918 sq ft parcel is zoned for a duplex—ideal for rental income or redevelopment. Located in a high-demand area with strong growth potential. Don't miss this versatile investment opportunity! **PLEASE NOTE THE HOUSE IS

    Shawn White Real Broker

    1305 N Frances St, Tempe, AZ 85281
  • /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
  • /6

    $630,000

    1519 W 7th Place, Tempe, AZ 85281

    Great investment opportunity with this Tempe Triplex near ASU, located near Priest & University. This property has two large 2 bed/1 bath units, and one unit that is 3 bed/2 bath. Property is on a large lot. All units are individually metered for gas & electric, plus there is a shared laundry room. ** Do not disturb tenants**

    David Evans Jr Realty ONE Group

    1519 W 7th Place, Tempe, AZ 85281
  • /5

    $630,000

    1513 W 7th Place, Tempe, AZ 85281

    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**

    David Evans Jr Realty ONE Group

    1513 W 7th Place, Tempe, AZ 85281
  • /15

    $1,470,000

    1219 S Farmer Ave, Tempe, AZ 85281

    RECENT SIX-FIGURE PRICE REDUCTION! This 7-unit, garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport.Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been

    Jesse Lowery HomeSmart

    1219 S Farmer Ave, Tempe, AZ 85281
  • /30

    $1,175,000

    1440 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas.

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1440 S Stanley Place, Tempe, AZ 85281
  • /36

    $775,000

    1424 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix. Located in an opportunity zone with 1000's of new units in process. Now Vacant. Owner willing to deliver vacant or re-leased. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /35

    $775,000

    1428 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. Now 100% vacant. Owner can deliver vacant or re-leased. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available as a package of eight units or the

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1428 S Stanley Place, Tempe, AZ 85281
  • /58

    $3,425,000

    1424 S Stanley Place, Tempe, AZ 85281

    This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /31

    $1,189,000

    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

    1224 S Maple Ave, Tempe, AZ 85281
  • /28

    $435,000

    • 4 Beds
    • 3 Baths
    • 1,488 Sq Ft

    1108 S Lebanon Ln, Tempe, AZ 85281

    Fully rented for $4095/mo!This 4 bedrm, 3 bath Tempe duplex home was remodeled in 2010---Kitchen has new knotty alder cabinets, counters, stainless steel sink, faucet & 20'' stone like tile. New bathroom vanities, sinks, faucets and toilets. New carpet and painted inside and out. 4th bedrm has separate outside entrance. Laundry rm is 10 x 11!! Backs up to Esquer Park. 3 acres with picnic

    Eric Saul Your Home and Future, LLC

    1108 S Lebanon Ln, Tempe, AZ 85281
  • /64

    $650,000

    2106 S Granada Dr, Tempe, AZ 85282

    Tenants will love this location, close enough to ASU to enjoy a quick bike or bus commute or they can take their car as each unit has 1 covered carport. Property also has 2 concrete slab parking spots with street parking available as well. Currently property is set up for tenants to pay their own electricity and landlord pays rest such as sewer/water/trash. Unit 1 is large with over 1400 sq feet,

    Kalliany Alvarez Valley Views RE

    2106 S Granada Dr, Tempe, AZ 85282
  • /16

    $4,550,000

    2309 S College Ave, Tempe, AZ 85282

    Located in the heart ofTempe, this 18-unitapartment complexpresents a turnkeyinvestment opportunity ina high-demand market.Situated just minutes fromArizona State University,downtown Tempe, majorfreeways, and publictransit, this property'sprime location attracts asteady stream of tenantsfor consistent rentalincome in a thrivingmetropolitan area.

    Simon Bowen Denali Real Estate, LLC

    2309 S College Ave, Tempe, AZ 85282
  • /48

    $790,000

    1413 S Jentilly Ln, Tempe, AZ 85281

    BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered; completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors.

    Fabiola Felix HomeSmart

    1413 S Jentilly Ln, Tempe, AZ 85281
  • /165

    $7,990,000

    000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257

    2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)✔ Two fully occupied parcels✔ Stable Rental Income:** All units are fully occupied, ensuring consistent cash flow✔ Residential Loan Potential:** Can be purchased using two residential loans, offering favorable financing options✔ Extensive Renovations:** Recent upgrades to HVAC, plumbing, electrical, flooring,

    Linda Gerchick Gerchick Real Estate

    000 E Polk-Kinderman-augusta St, Scottsdale, AZ 85257
  • /64

    $2,495,000

    7602 E Polk St, Scottsdale, AZ 85257

    Discover Ethos on Polk, a fully remodeled six-unit multifamily investment located just minutes from the heart of Old Town Scottsdale. This turn-key asset offers exceptional tenant appeal, stable income, and long-term upside in one of the Valley's most sought-after rental markets.With four spacious 2-bed/1-bath units and two modern 1-bed/1-bath units, each residence includes its own private patio,

    Linda Gerchick Gerchick Real Estate

    7602 E Polk St, Scottsdale, AZ 85257

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
$364,000
Median Single Family Sale Price
$94,500
Median Townhouse Sale Price
$366,726
Median 2 Bedroom Sale Price
$449,900
Median 1 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$258
Number of Homes for Sale
51
Last 12 months Home Sales
441
Months of Supply
1.40
Median List Price
$375,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
0%
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