626 S Wilson Street, Tempe, AZ 85281
$2,400,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,400,000
List Date:
8/05/2025
Last Modified:
2/10/2026
Description
Venture on Wilson is a fully renovated, 12-unit garden-style community ideally located in the heart of Tempe, just blocks from Mill Avenue, Tempe Beach Park, and the ASU campus. Originally constructed in 1960 and extensively updated in 2019, the property blends timeless architecture with thoughtful upgrades tailored to today's urban renter. The community features a desirable unit mix of (10) one-bedroom and (2) two-bedroom residences, each individually metered for electricity and equipped with in-unit washers and dryers. A central courtyard offers residents a private, shaded gathering space, while mature palm trees and native landscaping enhance the boutique appeal. Positioned just one block from the newly developed Whole Foods Market and walkable to restaurants, nightlife,
Supplements: and the light rail, Venture on Wilson offers both lifestyle convenience and long-term investment potential in one of Greater Phoenix's most resilient rental markets.
More Information MLS# 6901363
Contract Info
Ownership: Fee Simple
Current Price: $2,400,000
List Price: $2,400,000
Status: Active
List Date: 2025-08-04
Location, Tax & Legal
Assessor's Map #: 33
Legal Description (Abbrev): LOT 1 E2 TR 11 .55 AC
Assessor's Parcel #: 66
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 5305
Legal: LOT 1 E2 TR 11 .55 AC
Marketing Name: Venture on Wilson
House Number: 626
Compass: S
Street Name: Wilson
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2775
County Code: Maricopa
Subdivision: STATE PLAT NO 12 AMD
Assessor Number: 124-33-066-B
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 19
Lot Size Dimensions: 23958 square feet
Total # of Units: 12
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Year Built: 1960
Zoning: R-3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Concrete: 1
Foam: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 8400
Annual Landscape Exp: 1500
Annual Mgmt Exp: 10800
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 12000
Operating Exp: 38005
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 177420
Pmt & Rate Info
Cap Rate: 5.07
Equity: 2750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Heat Pump: 1
Individual: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 10
Avg Rent: 1248
Avg SqFt: 576
# Baths: 10
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1495
Avg SqFt: 790
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: University Dr & Mill Ave
Directions: Heading (South) on Priest Dr, turn (East) on 5th St, (South) on Wilson St, continue to the property on your (West) side.
Geo Lat: 33.423318
Geo Lon: -111.946118
Income Expenses
Gross Annual Sch Inc: 177420
Net Operating Income: 139415
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Concrete; Foam
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range
Heating: Heat Pump
Cooling: Heat Pump; Individual; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Russ Lyon Sotheby's International Realty
Last Updated: February - 10 - 2026
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