1244 N Rose Street, Tempe, AZ 85288

$950,000
Property Type: Multiple Dwellings Status: Active
Current Price: $950,000 Last Modified: 4/22/2026

Overview

Description

Fully renovated 3-unit income property offered as part of a rare five-unit residential compound spanning two adjacent parcels. This parcel includes one single-family residence plus a duplex for a total of three units, consisting of two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.Extensive upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, new windows, and fully renovated interiors, providing a turnkey, low-capex asset. Property is adjacent to 1248 E Harry St, a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment. Seller strongly prefers a concurrent sale of both parcels, though each is offered individually. There may be future development or density potential. Buyer to conduct due diligence.

Listing Details MLS# 7017730

Location, Tax & Legal

House Number
1244
Compass
N
Street Name
Rose
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Country
US
County Code
Maricopa
Subdivision
NORTH TEMPE 2
Assessor Number
132-13-051-A
Tax Year
2025
Assessor's Map #
13
Assessor's Parcel #
51
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318400
Taxes
1581
Legal
LOT 202 NORTH TEMPE 2 MCR 007031
Marketing Name
North Tempe

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
TBD
Year Built
1969
Uncvrd Parking Spcs
15
Total # of Units
3
# of Buildings
2
Zoning
R-2
Flood Zone
TBD
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
Cecil Shamley School
High School
Tempe High School

Remarks Misc

Cross Street
McKellips & Scottsdale Rd
Directions
Heading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner of Harry & Rose.

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
202

Income Expenses

Gross Annual Sch Inc
60540
Net Operating Income
60048

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1597
Avg SqFt
780
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1850
Avg SqFt
1296
# Baths
2

Contact Info

List Agent Home Phn
480-455-7611

Project Type

Tri-Plex
Yes
5 - 12 Units
Yes
Other (See Remarks)
Yes

Other Type

House + Rental Units
Yes
Packaged Offering
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes
Foam
Yes

Floors

Laminate
Yes
Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1581
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
60540

Pmt & Rate Info

Cap Rate
6.32
Equity
950000
Down Payment %
5
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
2 or More Units
Yes

Exterior Amenities

Fenced
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
See Remarks
Yes

New Financing

Cash
Yes
Cash to Loan
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex; 5 - 12 Units; Other (See Remarks) Other Type: House + Rental Units; Packaged Offering Construction: Block; Wood Frame Const - Finish: Painted; Siding Roofing: Composition; Foam Floors: Laminate; Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Central; 2 or More Units Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Cash to Loan; VA; FHA; Conventional Environmental: None
IDX
Listing Office: Gentry Real Estate
Last Updated: April - 22 - 2026
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