$1,200,000

1231 N OLEANDER Street, Tempe, AZ 85288

NORTH TEMPE 2 · Maricopa County

Built 1958 No HOA

159 days on market

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.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Appliances

Refrigerator
Dishwasher
Disposal
Microwave
Free-Standing Gas Oven

Heating and Cooling

Cooling Features: Central Air, Electric, 2 or More Units, Ceiling Fan(s)
Heating Features: Electric

Exterior

Land Info

Lot Size Dimensions: 7,070 SF

Garage and Parking

Attached Garage: No
Parking Features: 1 Space/Unit, Paved, On Street, Assigned

Community

Neighborhood

Subdivision: NORTH TEMPE 2

Listing

Other Property Info

Annual Tax Amount: $1,363
Source Listing Status: Pending
County: Maricopa
Directions: South on Miller to Tempe Dr. West to Oleander
Parcel Number: 132-13-035
Zoning: [R-2] Multi-Fam
Postal City: Tempe
Listing Date: 12/23/2025
MLS#: 6960414

Features

Building and Construction

Year Built: 1958
Property Age: 68
Construction Materials: Block, Brick, Wood Frame, Painted
Roof: Foam

Utilities

Water Source: Individual Meter

Contact Us

Ask a question or schedule a showing

Listed by Dalen M Linnerson Midland Real Estate Alliance

Listing updated: May 26, 2026

MLS#: 6960414

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