2044 S FOREST Avenue, Tempe, AZ 85282 (MLS# 7080690)

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: 9/16/2026

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
Assessor's Map #: 23
Legal Description (Abbrev): TEMPE ACRES PT LOT 11 N 67' OF S 155' OF E 160' EX E 30' FOR RD
Assessor's Parcel #: 28
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 1633
Legal: TEMPE ACRES PT LOT 11 N 67' OF S 155' OF E 160' EX E 30' FOR RD
Marketing Name: Tempe Acres

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

Project Type

Duplex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Vertical Siding: Yes
Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1633
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 48450

Pmt & Rate Info

Cap Rate: 5.94
Equity: 779000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes
2 or More Units: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
2 or More Units: Yes

Tenant Pays

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

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: 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

Carport: Yes
>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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

Listing Office: My Home Group Real Estate

Last Updated: September - 16 - 2026