1610 S COLLEGE Avenue, Tempe, AZ 85281
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
List Date:
4/10/2026
Last Modified:
4/11/2026
Description
Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, while the second lease ends in May and may continue month-to-month at the new owner's discretion. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.
More Information MLS# 7011374
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2026-04-08
Location, Tax & Legal
Assessor's Map #: 16
Legal Description (Abbrev): LOT 2 BLOCK 1 UNIVERSITY ESTATES MCR 004605
Assessor's Parcel #: 2
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319000
Taxes: 3036.44
Tax District: T
Legal: LOT 2 BLOCK 1 UNIVERSITY ESTATES MCR 004605
Marketing Name: UNIVERSITY ESTATES
House Number: 1610
Compass: S
Street Name: COLLEGE
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6619
County Code: Maricopa
Subdivision: UNIVERSITY ESTATES
Assessor Number: 133-16-002
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 8398
Flood Zone: No
Total # of Units: 2
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Connolly Middle School
High School: Tempe High School
Year Built: 1953
Zoning: R-3
Legal Info
Range: 4E
Section: 22
Township: 1N
Block: 1
Lot Number: 2
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 3500
Annual Ins Exp: 1100
Annual Wtr/Swr Exp: 960
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8596.44
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 60600
Pmt & Rate Info
Cap Rate: 7.13
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Window/Wall Unit(s): 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Window/Wall Unit: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
None: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 5050
Avg SqFt: 1181
# Baths: 4
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Broadway Rd & Mill Ave
Directions: Head East on W. Broadway Rd., Left onto S College Ave, Left to stay on S College Ave. Property will be on the Left.
Geo Lat: 33.410507
Geo Lon: -111.935366
Income Expenses
Gross Annual Sch Inc: 60600
Net Operating Income: 60600
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer
Heating: Central; Window/Wall Unit(s); 2 or More Units
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Central Air; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; On Street; Free
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: None
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
DeLex Realty
Last Updated: April - 11 - 2026
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