$1,125,000
$1,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1231 N OLEANDER Street Tempe, AZ 85288
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Tempe 2
MLS Listing ID 6960414
Sold Date 07/03/26
Year Built 1958
Annual Tax Amount $1,363
Tax Year 2025
Lot Dimensions 7,070 SF
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
Location
State AZ
County Maricopa
Community North Tempe 2
Area Maricopa
Zoning [R-2] Multi-Fam
Direction South on Miller to Tempe Dr. West to Oleander
Interior
Heating Electric
Cooling Central Air, Ceiling Fan(s), Electric, 2 or More Units
Flooring Vinyl
Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave
Exterior
Parking Features Paved, Assigned, 1 Space/Unit, On Street
Community Features No Pool
Roof Type Foam
Private Pool No
Building
Sewer Public Sewer
Water Individual Meter
New Construction No
Schools
Elementary Schools Cecil Shamley School
Middle Schools Mckemy Academy Of International Studies
High Schools Mcclintock High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-13-035
Acceptable Financing Conventional
Disclosures None
Listing Terms Conventional
Financing Cash
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Designated Broker/Owner, East Valley, AZ REALTOR®
+1(480) 381-1636 | ellie@thehomeshopaz.com