2044 S FOREST Avenue, Tempe, AZ 85282

$779,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 2 Status: Active
Current Price: $779,000 Last Modified: 11/06/2026

Overview

Description

NOT YOUR TYPICAL DUPLEX! This TURNKEY, REMODELED income property offers two private 2 bed/1 bath units that live like single-family homes! Each has its own street frontage, private carport with 2-car paver driveway, & a well-designed floorplan with a large living area, spacious bedrooms, private laundry & fenced yard. Both interiors have been extensively updated with NEW modern kitchens featuring quartz counters & stainless appliances, luxury vinyl flooring, beautifully updated baths & designer fixtures/finishes throughout. One unit is leased at $2,000/mo with the second offered at $2,250/mo - POTENTIAL GROSS INCOME OF $51,000/YEAR! Perfect for an investor OR owner-occupant looking to offset their payment with rental income. Prime Tempe location minutes from ASU, Downtown Tempe & Mill Ave.

Listing Details MLS# 7080690

Location, Tax & Legal

House Number
2044
Compass
S
Street Name
FOREST
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
1313
Country
US
County Code
Maricopa
Subdivision
TEMPE ACRES
Assessor Number
133-23-028-B
Tax Year
2025

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
130''x69''
Year Built
1955
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-3
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Broadmor Elementary School
Jr. High School
McKemy Academy of International Studies
High School
Tempe High School

Remarks Misc

Cross Street
Mill Ave and Broadway Rd
Directions
East on Broadway, South on Hammond Dr &/OR South on Forest Ave

Legal Info

Township
1N
Range
4E
Section
27
Lot Number
11

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
2250
Avg SqFt
850
# Baths
Yes

More Information

Structure

Bedrooms Total
4
Bathrooms Total
2

Income Expenses

Gross Annual Sch Inc
51000
Net Operating Income
46247

Showing Notification Methods

Showing Service
Aligned Showings

Property Features

Project Type: Duplex Construction: Block Const - Finish: Vertical Siding; Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Heat Pump; 2 or More Units Cooling: Ceiling Fan(s); Electric; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Owner Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Office Phone: 480-685-2760
Office Email: andrew@myhomegroup.com
Last Updated: November - 06 - 2026
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