2017 E LEMON Street, Tempe, AZ 85281

$875,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 5 Status: Closed
Current Price: $875,000 Last Modified: 10/15/2026

Overview

Description

Value-add 5 unit multifamily community right across the street from Culdesac development in Tempe. (3) 2x1 Units at 600 SF, and (2) 1x1 Units at 550 SF. Please reach out with any questions.

Listing Details MLS# 6882948

Location, Tax & Legal

House Number
2017
Compass
E
Street Name
LEMON
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4851
Country
US
County Code
Maricopa
Subdivision
ZELLA VISTA
Assessor Number
132-70-160
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1961
Uncvrd Parking Spcs
5
Total # of Units
5
# of Buildings
2
Zoning
Multi
High School District
Tempe Union High School District

Remarks Misc

Cross Street
101 & Apache

Status Change Info

Off Market Date
2025-07-26
Under Contract Date
2025-07-09
Close of Escrow Date
2025-07-31

Legal Info

Township
1N
Range
4E
Section
24
Lot Number
10

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
842
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1038
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
5

Income Expenses

Gross Annual Sch Inc
57600
Net Operating Income
43834

Showing Notification Methods

Showing Service
Non-MLS Showing Service - See Private Remarks

Sold Info

Loan Type
Carryback
Loan Years
15
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
5000
Seller Concession $/%
$

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Heat Pump Cooling: Electric; Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: See Private Remarks; None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry Environmental: None
IDX
Listing Office: Matthews Real Estate Investment Services
Office Phone: 310-388-0788
Office Email: david.harrington@matthews.com
Last Updated: October - 15 - 2026
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