1018 S DORSEY Lane, Tempe, AZ 85281

$975,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $975,000 Last Modified: 7/15/2026

Overview

Description

Location, location, location. Walking distance to ASU. Near shopping, restaurants, Tempe Market Place. Private yards, onsite laundry, owner owned, many improvements, all copper and pex plumbing, hot and cold replaced. Many upgrades including newer water heaters and a/c units. Unit 7 is fully remodeled.

Listing Details MLS# 6404640

Location, Tax & Legal

Map Code/Grid
R37
House Number
1018
Compass
S
Street Name
DORSEY
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7390
Country
US
County Code
Maricopa
Subdivision
MALARAN PARK 1
Assessor Number
132-73-140
Tax Year
2021

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
79/110
Year Built
1961
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
2
Zoning
R-3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Flora Thew Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
University and Dorsey Ln.
Directions
McClintock & University. West on University to light - Dorsey. South on Dorsey, property on west side of property. 1018 & 1020 S. Dorsey.

Status Change Info

Off Market Date
2022-07-22
Under Contract Date
2022-06-12
Close of Escrow Date
2022-07-28

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
2

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1025
Avg SqFt
756
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
67280
Net Operating Income
64528

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: Four Plex Construction: Brick Const - Finish: Other (See Remarks) Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: <1 Space Per Unit; Assigned Road Surface Type: Gravel Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Brokers Only, LLC
Office Phone: 480-232-7416
Office Email: broker@brokersonlyaz.com
Last Updated: July - 15 - 2026
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