Unbelievable Investment Opportunity! Just west of the canal across the street from upcoming sub station for Light Rail!! 1.44 acres with 7 homes with rental income of over $2,000 per month. Currently zoned R1-6 with potential to rezoned R-3 or R-4. You could put 24 units on this much property. Imagine the possibilities. The absolute best deal on the market. Should be selling for over 1 million. Homes were built between 1925-1940. Value is in the land, but is income property. Note 1 parcel number land has not been divided, but each home has its own address. Locataed in Apache Redevelopment Zone.
INVESTOR DREAM!! Located west of canal across the street from upcoming sub station for Light Rail. 1.44 acres with 7 properties and rental income of over $2,000/month. Currently zoned R1-6 with potential to be rezoned R-3 or R-4. You could put 24 units on this land. Try to find this much land in Tempe for under a million dollars. These homes are not attached and land has not been divided. Located in Apache Redevelopment Zone.
ARMLS #2447817
Apr 1, 2006
Sold
$625,000
$125/sq ft
Feb 27, 2006
Listing Removed
—
Jan 11, 2006
Listed
$649,999
$130/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
135-47-047
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Oct 5, 2025.
R1-6
Single-Family Residential District
The residential districts are designed to provide neighborhoods with a range of housing densities. The differences in these housing densities and regulations are intended to support the varying lifestyles of the city's residents. The districts provide for a range of residential habitation including rural-agricultural, single-family, multi-family, mobile home, and combinations thereof, together with home occupations, schools, parks, and public services necessary for neighborhood living.
Permitted uses
Include but are not limited to:
Religious facility
Office-Other
Educational/school
Park & open space
Property details
Parking
Parking Information
Open Parking Spaces: 1
Covered Spaces: 2
Parking Features: RV Access/Parking, Slab
Garage Information
Carport Spaces: 2
Interior
Bathroom Information
Bathrooms (Total Decimal): 2
Bathrooms (Total Integer): 2
Bedroom Information
Bedrooms (Possible): 4
Heating & Cooling
Has Heating
Cooling: Central Air
Has Cooling
Heating: Electric
Interior Features
Interior Features: Eat-in Kitchen
Fireplace Features: None
Exterior
Exterior Features
Construction Materials: Wood Frame, Painted
Fencing: Chain Link
Roof: Composition
Property Information
Ownership: Fee Simple
Property Sub Type: Single Family Residence
Property Condition: Fixer
Lot Information
Lot Features: Corner Lot
Building Information
Building Area Source: Assessor
Financial
Tax Information
Tax Annual Amount: $3,042
Tax Year: 2005
Financial Information
Conventional
Location
HOA Information
Association Fee Includes: No Fees
School Information
Middle Or Junior School: Connolly Middle School
High School: McClintock High School
High School District: Tempe Union High School District
Elementary School District: Tempe Elementary School District
Location Information
Directions: N on Evergreen to properties.
Utility Information
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Maricopa County
APN: 135-47-047
Home facts updated by county records on Oct 5, 2025
Other
Listing Information
Water Source: City Water
Around this home
Schools
Thew Elementary School
Public PreK-5 • Assigned • 0.7mi
4/10
Connolly Middle School
Public 6-8 • Assigned • 1.5mi
3/10
McClintock High School
Public 9-12 • Assigned • 2.1mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Tempe, AZ • 85281
Average low and high temperatures (°F)
69
47
78
55
84
61
86
64
94
72
105
82
106
86
107
86
102
81
92
69
76
55
74
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.5 hours in
June and 7.7 hours in December, placing it above the
U.S. average for solar exposure.
13.5 hrs
7.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$991,000 – $1.20M
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