Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
Sold for $1,125,000
$1,125,000
1231 N OLEANDER Street, Tempe, AZ 85288
9beds
5baths
3,290sqft
Multi Family
Built in 1958
-- sqft lot
$1,122,500 Zestimate®
$342/sqft
$1,331 Estimated rent
Home value
$1,122,500
$1.07M - $1.18M
$1,331/mo
Zestimate® history
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$1,331/mo
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$1,331/mo
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$5,140/mo
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List your homeWhat's special
Large private gated patiosUpdated interiorsModern cabinetryUpgraded security doorsGranite countertopsDual-pane windowsVinyl flooring
Zillow last checked:
Listing updated:
Listed by:
Dalen M Linnerson 480-347-5186,
Midland Real Estate Alliance
Bought with:
Dalen M Linnerson, SA653841000
Midland Real Estate Alliance
Thomas E Myers Jr, BR649777000
Midland Real Estate Alliance
Source: ARMLS,MLS#: 6960414
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric, 2 or More Units
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave
Features
- Flooring: Vinyl
Interior area
- Total structure area: 3,290
- Total interior livable area: 3,290 sqft
Property
Parking
- Total spaces: 7
- Parking features: Paved, Assigned, 1 Space/Unit, On Street
- Covered spaces: 5
- Uncovered spaces: 2
Lot
- Size: 7,070 sqft
- Dimensions: 7,070 SF
Details
- Parcel number: 13213035
- Zoning: [R-2] Multi-Fam
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Block, Brick
- Roof: Foam
Condition
- Year built: 1958
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Individual Meter
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Tempe
- Subdivision: NORTH TEMPE 2
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt, Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Sold | $1,125,000-6.3%$342/sqft |
Source:  ARMLS #6960414 Report a problem | ||
| 5/26/2026 | Pending sale | $1,200,000$365/sqft |
Source: ARMLS #6960414 Report a problem | ||
| 3/25/2026 | Price change | $1,200,000-7.3%$365/sqft |
Source: ARMLS #6960414 Report a problem | ||
| 12/23/2025 | Listed for sale | $1,295,000+156.4%$394/sqft |
Source: ARMLS #6960414 Report a problem | ||
| 2/26/2019 | Sold | $505,000+359.1%$153/sqft |
Source: Public Record Report a problem | ||
| 8/2/1995 | Sold | $110,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,084 +7% | $37,960 +4.4% |
| 2024 | $1,013 +1.2% | $36,356 +341.3% |
| 2023 | $1,001 +3.8% | $8,238 -60.5% |
| 2022 | $964 +2.4% | $20,850 +19.3% |
| 2021 | $941 +1.9% | $17,480 +13.9% |
| 2020 | $923 +2.5% | $15,350 +6.1% |
| 2019 | $900 | $14,470 +30.1% |
| 2018 | $900 +3.1% | $11,120 +7.3% |
| 2017 | $874 +4.8% | $10,360 +19.6% |
| 2016 | $833 -11% | $8,660 +7% |
| 2015 | $936 | $8,090 +4.9% |
| 2014 | -- | $7,710 +45.2% |
| 2013 | -- | $5,310 +29.5% |
| 2012 | -- | $4,100 -17.7% |
| 2011 | -- | $4,980 -35.4% |
| 2010 | -- | $7,710 -46.2% |
| 2009 | -- | $14,340 +6% |
| 2008 | -- | $13,530 +29.8% |
| 2007 | -- | $10,422 -26.9% |
| 2006 | -- | $14,260 |
| 2005 | -- | $14,260 +150.5% |
| 2004 | -- | $5,692 |
| 2003 | -- | $5,692 -5.1% |
| 2002 | -- | $6,000 |
Find assessor info on the county website
Neighborhood: East Rio
Nearby schools
GreatSchools rating
- 4/10Cecil Shamley SchoolGrades: PK-8Distance: 0.3 mi
- 8/10McClintock High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Cecil Shamley School
- Middle: McKemy Academy of International Studies
- High: McClintock High School
- District: Tempe School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,122,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,122,500
- Arizona
- Maricopa County
- Tempe
- 85281
- East Rio
- 1231 N OLEANDER Street
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