117 W 10TH Street, Tempe, AZ 85281
$2,595,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,595,000
List Date:
10/10/2025
Last Modified:
12/30/2025
Description
Rare Investment Opportunity in Prime Tempe Location!
Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus!
This turnkey, multi-unit property includes:
Three 2 bed / 1 bath units
One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring:
Modern kitchens with updated appliances
In-unit washer/dryer
Spacious covered patios
Private, fenced yards
Dedicated carports with additional storage
Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3-minute walk to ASU, this property sits in one of Tempe's most sought-after neighborhoods.
Supplements: Walk to Mill Avenue, Tempe Town Lake, and top local spots like Casey Moore's Oyster House, with quick access to Scottsdale, the airport, and multiple MLB spring training venues. Whether you're looking for a prime income-generating asset or a strategic location for future appreciation, this property checks all the boxes. **Check the documents tab for full details on renovations, upgrades, and individual unit features.
More Information MLS# 6924208
Contract Info
Ownership: Fee Simple
Current Price: $2,595,000
List Price: $2,595,000
Status: Active
List Date: 2025-09-23
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Assessor's Parcel #: 130
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319000
Taxes: 5729
Legal: LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Marketing Name: Maple Ash Gem
House Number: 117
Compass: W
Street Name: 10TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5614
County Code: Maricopa
Subdivision: 10TH AND ASH PLACE CONDOMINIUM
Assessor Number: 132-45-130
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 12
Lot Size Dimensions: (N)145.39' x (E)129.79' | (S) 146.02' x (W)129.88'
Flood Zone: No
Total # of Units: 4
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1977
Zoning: [R-2] Multi-Fam
Legal Info
Range: 4E
Section: 22
Township: 1N
Lot Number: 6
Project Type
Four Plex: 1
Other (See Remarks): 1
Other Type
Packaged Offering: 1
Other (See Remarks): 1
Construction
Block: 1
Other: 1
Const - Finish
Painted: 1
Other (See Remarks): 1
Roofing
Foam: 1
Other: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3600
Annual Ins Exp: 3000
Annual Landscape Exp: 3000
Annual Maint Exp: 2280
Annual Wtr/Swr Exp: 2040
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 3080
Operating Exp: 22729
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 6.9
Equity: 2595000
Down Payment %: 25
Monthly Payments: 360
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
Individual: 1
ENERGY STAR Qualified Equipment: 1
Other: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
ENERGY STAR Qualified Equipment: 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
See Remarks: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Furnished: 1
Unfurnished: 1
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Other: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Submetered System: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
<1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
APS: 1
Individual Meter: 1
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Landscaping: 1
Other: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Development Plan Avl: 1
Subd Rpt/Exemption: 1
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 3000
Avg SqFt: 1000
# Baths: 6
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 10th St & Ash Ave
Directions: Complex is on the S.E. corner of Ash Ave & 10th St. | from Mill Ave: Go west approximately 500-feet on 10th Street | from University: South on Ash Avenue 900' to property
Geo Lat: 33.41874
Geo Lon: -111.942011
Income Expenses
Net Operating Income: 178931
Property Features
Project Type: Four Plex; Other (See Remarks)
Other Type: Packaged Offering; Other (See Remarks)
Construction: Block; Other
Const - Finish: Painted; Other (See Remarks)
Roofing: Foam; Other
Floors: Other
Sale Includes: Land & Building
Community Features: Other; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Furnished; Unfurnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other
Heating: Individual; Heat Pump; ENERGY STAR Qualified Equipment; Other; See Remarks
Cooling: Ceiling Fan(s); Heat Pump; Individual; 2 or More Units; ENERGY STAR Qualified Equipment; See Remarks
Water Source: City Franchise; Submetered System
Sewer: Sewer - Public
Electric: APS; Individual Meter; Other (See Remarks)
Gas: None
Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; Assigned; Paved
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Gas; Landscaping; Other
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Tenant & Units Information ›
Listing Office:
eXp Realty
Last Updated: December - 30 - 2025
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