1519 W 7TH Place, Tempe, AZ 85281

$610,000
Property Type: Multiple Dwellings Bedrooms: 7 Baths: 4 Status: Closed
Current Price: $610,000 Last Modified: 10/09/2025

Overview

Description

Great investment opportunity with this Tempe Triplex near ASU, located near Priest & University. This property has two large 2 bed/1 bath units, and one unit that is 3 bed/2 bath. Property is on a large lot. All units are individually metered for gas & electric, plus there is a shared laundry room. ** Do not disturb tenants**

Listing Details MLS# 6884240

Location, Tax & Legal

House Number
1519
Compass
W
Street Name
7TH
St Suffix
Place
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
3241
Country
US
County Code
Maricopa
Subdivision
LINDON PARK 9
Assessor Number
124-72-145-A
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Irr
Year Built
1967
Uncvrd Parking Spcs
Yes
Total # of Units
3
# of Buildings
Yes
Zoning
multi
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Priest & University
Directions
Property is located near the NE corner of Priest & University.

Status Change Info

Off Market Date
2025-09-24
Under Contract Date
2025-09-23
Close of Escrow Date
2025-10-08

Legal Info

Township
1N
Range
4E
Section
17
Lot Number
323

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1125
Avg SqFt
800
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1675
Avg SqFt
1033
# Baths
2

Structure

Bedrooms Total
7
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
47100
Net Operating Income
34456

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

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

Property Features

Project Type: Tri-Plex Construction: Block; Brick Const - Finish: Painted Roofing: Composition Floors: Concrete; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Concrete Owner Pays: Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Other (See Remarks) Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Realty ONE Group
Office Phone: 480-315-1240
Office Email: ron.copus@realtyonegroup.com
Last Updated: October - 09 - 2025
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