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Downtown Tempe Multifamily Sold $500K–$800K

Primary Listing Photo

Sold on 9.30.2025
for $770,000

Year Built: 1979 | Units: 4

Total Rent: $4,900 | Cap Rate: 4.67%

1301 W 3rd Street
Tempe, AZ 85281

Primary Listing Photo

Sold on 10.8.2025
for $610,000

Year Built: 1967 | Units: 3

Total Rent: $3,925 | Cap Rate: 5.47%

1519 W 7th Place
Tempe, AZ 85281

Primary Listing Photo

Sold on 10.21.2025
for $570,000

Year Built: 1972 | Units: 3

Total Rent: $3,174 | Cap Rate: 4.10%

1513 W 7th Place
Tempe, AZ 85281

Primary Listing Photo

Sold on 8.6.2025
for $600,000

Year Built: 1970 | Units: 2

Total Rent: $3,758 | Cap Rate: 5.24%

1118 S Mcclintock Drive
Tempe, AZ 85281

Primary Listing Photo

Sold on 4.30.2025
for $605,000

Year Built: 1971 | Units: 2

Total Rent: $0 | Cap Rate: 0.00%

1244 N Miller Rd
Tempe, AZ 85288

Primary Listing Photo

Sold on 3.3.2025
for $580,000

Year Built: 1957 | Units: 2

Total Rent: $3,190 | Cap Rate: 6.49%

1031 N Harold St
Tempe, AZ 85288

Primary Listing Photo

Sold on 8.19.2025
for $539,000

Year Built: 1964 | Units: 2

Total Rent: $0 | Cap Rate: 0.00%

1127 N Harold Street
Tempe, AZ 85288

Primary Listing Photo

Sold on 3.18.2025
for $732,000

Year Built: 1960 | Units: 2

Total Rent: $2,850 | Cap Rate: 0.00%

1136 E Spence Ave
Tempe, AZ 85281

Primary Listing Photo

Sold on 12.24.2024
for $589,000

Year Built: 1962 | Units: 2

Total Rent: $3,300 | Cap Rate: 0.55%

932 E Tempe Dr
Tempe, AZ 85288

Primary Listing Photo

Sold on 1.31.2025
for $725,000

Year Built: 1961 | Units: 2

Total Rent: $3,990 | Cap Rate: 5.88%

1327 W 4th St
Tempe, AZ 85281

Primary Listing Photo

Sold on 2.18.2025
for $707,500

Year Built: 1961 | Units: 4

Total Rent: $4,035 | Cap Rate: 3.93%

2122 S Granada Dr
Tempe, AZ 85282

Primary Listing Photo

Sold on 8.15.2025
for $700,000

Year Built: 1959 | Units: 2

Total Rent: $3,950 | Cap Rate: 5.46%

1411 S Bonarden Lane
Tempe, AZ 85281

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Brian Adamski, Realtor

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Brian Adamski, Realtor
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Dan and Lynn Herrick, Buyers

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