2205 S MILL Avenue, Tempe, AZ 85282 (MLS# 6910328)

2205 S MILL Avenue, Tempe, AZ 85282

$1,250,000

Property Type: Multiple Dwellings Bedrooms: 11 Baths: 7 Status: Closed

Current Price: $1,250,000 Last Modified: 10/15/2026

Overview

Description

2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.

Listing Details MLS# 6910328

Location, Tax & Legal

House Number: 2205
Compass: S
Street Name: MILL
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2134
Country: US
County Code: Maricopa
Subdivision: TEMPE ESTATES
Assessor Number: 133-23-062
Tax Year: 2024

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 10,064 SqFt
Year Built: 1959
Uncvrd Parking Spcs: 2
Total # of Units: 8
# of Buildings: Yes
Zoning: M-H
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Mill Avenue & Broadway Road

Status Change Info

Off Market Date: 2025-09-04
Under Contract Date: 2025-08-20
Close of Escrow Date: 2025-09-30

Legal Info

Township: 1N
Range: 4E
Section: 27
Lot Number: 33

More Information

1 Bedroom Units

# 1 Bedroom Units: 6
Avg SqFt: 650
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg SqFt: 900
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg SqFt: 975

Structure

Bedrooms Total: 11
Bathrooms Total: 7

Showing Notification Methods

Showing Service: No Showing Service Used

Sold Info

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

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Built-Up Floors: Vinyl; Carpet; Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Separate Storage Appliances Included: Built-In Range; Refrigerator Heating: Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Other (See Remarks) Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear 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 Environmental: None

Listing Office: Matthews Real Estate Investment Services

Office Phone: 310-388-0788

Office Email: david.harrington@matthews.com

Last Updated: October - 15 - 2026