1006 S DORSEY Lane, Tempe, AZ 85281

$927,500
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $927,500 Last Modified: 7/01/2026

Overview

Description

ASU Investor Opportunity! Highly desired location just east of Arizona State University campus in Tempe, close to the light rail & 101/202. Four units, each are 2-bedroom, 1 bath. Two buildings, 1006 & 1008 S Dorsey Lane. Each unit has its own private backyard. All four HVAC units are less than 2 years old. Remodeled bathrooms in 3 of 4 units. Upgraded flooring in all four units! All appliances at property convey with sale. All units are vacant, clean, and ready to go. Suitable for tenants today, or upgrade kitchens & one bathroom for higher rents.

Listing Details MLS# 6657575

Location, Tax & Legal

House Number
1006
Compass
S
Street Name
DORSEY
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7386
Country
US
County Code
Maricopa
Subdivision
MALARAN PARK 1
Assessor Number
132-73-142
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
80X110
Year Built
1961
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
2
Zoning
R3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Jr. High School
Connolly Middle School
High School
Tempe High School

Remarks Misc

Cross Street
RURAL & UNIVERSITY
Directions
East on Rural, from University. South on Dorsey Lane. West on Orange St. Units on your left. Park in lot in back of unit. Entrance between 1006 & 1008 buildings from parking lot.

Status Change Info

Off Market Date
2024-04-08
Under Contract Date
2024-04-07
Close of Escrow Date
2024-04-26

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
4

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1250
Avg SqFt
768
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
60000
Net Operating Income
51641

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas; Individual Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Free Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: eXp Realty
Office Phone: 888-897-7821
Office Email: AZ.broker@exprealty.net
Last Updated: July - 01 - 2026
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