Multi Family homes for sale & real estate in 85281, AZ

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ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Three separate detached units on the lot, LOCATION, LOCATION, LOCATION! Unique opportunity in desirable area of Tempe, walking distance ASU campus and downtown Tempe attractions. The main house is about 1800 square feet with 3 bedrooms 2 baths, second home (1224 1/2 Maple) is a 2 bedroom 2 bath, third (1224 3/4 Maple) is a 1 bedroom 1 bath with great room which could be turned into second bedroom. All units have been updated with flooring, baths and kitchen remodels. Alley access for the back units plus a drive through tandem garage and covered parking space.

$1,148,000

— beds— baths— sq ft

1224 S Maple Ave, Tempe, AZ 85281

Alley access • Updated baths • Updated flooring

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus! This turnkey, multi-unit property includes: Three 2 bed / 1 bath units One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring: Modern kitchens with updated appliances In-unit washer/dryer Spacious covered patios Private, fenced yards Dedicated carports with additional storage Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3

$2,595,000

8 beds5 baths— sq ft

117 W 10th St, Tempe, AZ 85281

16 parking spots • Built 1977 • Listed 14 days

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Welcome to Roosevelt 11 Homes. City Approved permit ready with plans lot in downtown Tempe. Within Tempe Opportunity Zone. Comes with city approved Single Family attached plans for 11 Townhomes w/ Lot Sales. Each 2 story townhome is 3 Bedrooms 2.5 bathrooms with two car garage. First floor consist of the garage and bedroom one with ensuite. Second floor has the kitchen, Bedroom 2 and Bedroom 3, one full bathroom and a powder bath.

$1,690,000

— beds— baths— sq ft

606 S Roosevelt St, Tempe, AZ 85281

25 parking spots • Built 2026 • Listed 43 days

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Welcome to University Heights in Tempe, one of the most sought-after neighborhoods near Arizona State University. This unique property offers both a 3-bedroom, 1-bath main home (1,200 sq ft) and a brand-new 3-bedroom, 2-bath detached ADU (850 sq ft). The ADU is designed with private entrances for each bedroom, making it perfect for individual student rentals or flexible tenant arrangements. This property sits just minutes from campus, shopping, and nightlife, making it an ideal investment for student housing, multi-generational living, or owner-occupied income generation.

$899,000

6 beds3 baths— sq ft

1324 E Hall St, Tempe, AZ 85281

Detached adu • Private entrances • Minutes from campus

$1,675,000

7 beds8 baths— sq ft

1218 S Farmer Ave, Tempe, AZ 85281

Low vacancy • Well maintained • Functional layouts

Property at 1558 W 5th St, Tempe, AZ 85281

$990,000

— beds— baths— sq ft

1558 W 5th St, Tempe, AZ 85281

Property at 914 S Kenwood Cir, Tempe, AZ 85281, 4 beds, 4 baths

$1,050,000

4 beds4 baths— sq ft

914 S Kenwood Cir, Tempe, AZ 85281

Property at 626 S Wilson St, Tempe, AZ 85281

$2,500,000

— beds— baths— sq ft

626 S Wilson St, Tempe, AZ 85281

Property at 920 S Kenwood Cir, Tempe, AZ 85281

$550,000

— beds— baths— sq ft

920 S Kenwood Cir, Tempe, AZ 85281

Property at 1234 S Farmer Ave, Tempe, AZ 85281

$949,995

— beds— baths— sq ft

1234 S Farmer Ave, Tempe, AZ 85281

Property at 1219 S Farmer Ave, Tempe, AZ 85281, 5 beds, 7 baths

$1,470,000

5 beds7 baths— sq ft

1219 S Farmer Ave, Tempe, AZ 85281

Property at 1413 S Jentilly Ln, Tempe, AZ 85281

$750,000

— beds— baths— sq ft

1413 S Jentilly Ln, Tempe, AZ 85281

Property at 538 W 13th St Unit A, Tempe, AZ 85281, 5 beds, 3 baths

$699,500

5 beds3 baths— sq ft

538 W 13th St Unit A, Tempe, AZ 85281

Property at 522 W Howe St, Tempe, AZ 85281

$1,000,000

— beds— baths— sq ft

522 W Howe St, Tempe, AZ 85281

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$2,000,000

— beds— baths— sq ft

35 N May St, Mesa, AZ 85201

Somewhat walkable

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Vintage Vibes + Modern Possibilities! Fall in love with this adorable charmer just off 47th Street & Van Buren in one of the Valley's most buzz-worthy historic neighborhoods! Step inside the 2-bed, 1-bath main house and be greeted by original hardwood floors and a Jack & Jill bath with serious retro flair. But wait—there's more! An attached 1-bed guest house is perfect for in-laws, visiting friends, or a stylish Airbnb side hustle. This home is a rare mix of mid-century magic and endless opportunity—live, rent, host, or create your own desert oasis. With quick access to downtown, dining, and major freeways, this spot is as cool as it is convenient.

$364,800

— beds— baths— sq ft

313 N 47th St, Phoenix, AZ 85008

6,660 sq ft lot • Car-dependent

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Tenants will love this location, close enough to ASU to enjoy a quick bike or bus commute or they can take their car as each unit has 1 covered carport. Property also has 2 concrete slab parking spots with street parking available as well. Currently property is set up for tenants to pay their own electricity and landlord pays rest such as sewer/water/trash. Unit 1 is large with over 1400 sq feet, 2 bedroom, 2 bath, family room, living room, kitchen, and backyard access. -Hey just an idea but maybe that unit can be converted to two 1 bedroom units with living room and kitchen, like unit 2 and unit 3, with proper inquiry and permits of course during due diligence. -Or maybe new owner can occu

$650,000

4 beds4 baths— sq ft

2106 S Granada Dr, Tempe, AZ 85282

Very walkable

ABOUT THIS HOME
Multi Family Home for sale in 85281, AZ:
Located in the heart of Tempe, this 18-unit apartment complex presents a turnkey investment opportunity in a high-demand market. Situated just minutes from Arizona State University, downtown Tempe, major freeways, and public transit, this property's prime location attracts a steady stream of tenants for consistent rental income in a thriving metropolitan area.

$4,100,000

10 beds9 baths— sq ft

2309 S College Ave, Tempe, AZ 85282

0.65 acre lot • Car-dependent

Multi Family Homes for Sale in 85281

There are currently 14 multi family homes for sale in 85281 at a median listing price of $1.26M. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 85281 stay on the market for 36 days and receive 2 offers. This map is refreshed with the newest listings in 85281 every 15 minutes.

In the past month, 12 homes have been sold in 85281. In addition to houses in 85281, there were also 31 condos, 26 townhouses, and 8 multi-family units for sale in 85281 last month. 85281 is a moderately walkable zip code in Arizona with a Walk Score of 62. 85281 is home to approximately 55,000 people and 81,642 jobs. Find your dream home in 85281 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 85281 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 85281. If you're looking to sell your home in the 85281 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 85281 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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