Downtown Tempe Triplex. Genuinely close to Valley Metro Light Rail, Town Lake, Tempe Streetcar, and Arizona State University. Neighboring Mill Avenue dining, shopping, and entertainment. Well-cared-for, low-maintenance building that speaks to the rarity and desirability of a multifamily property in this location. New roof 2024; 2 new A/C units and 3 new tankless smart water heaters installed in 2026. Suitable for an investor or owner-occupants looking to live in one unit while generating rental income from the other two. Seller Will Consider buyer closing cost concessions.
For sale
$650,000
509 W 2ND Street, Tempe, AZ 85281
3beds
3baths
1,560sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$417/sqft
$-- HOA
What's special
- 26 days
- 99
- 2
Zillow last checked:
Listing updated:
Listed by:
Jared A English 888-881-4118,
Congress Realty, Inc.
Source: ARMLS,MLS#: 7062358

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Range, Dishwasher, Refrigerator, Washer/Dryer
Features
- Flooring: Tile, Concrete
Interior area
- Total structure area: 1,560
- Total interior livable area: 1,560 sqft
Property
Parking
- Total spaces: 5
- Parking features: Off Street
- Uncovered spaces: 5
Lot
- Size: 7,008 Square Feet
- Dimensions: 73 x 96
Details
- Parcel number: 12432044D
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition,Foam
Condition
- Year built: 1955
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Master Meter
Community & HOA
Community
- Features: No Pool
- Subdivision: STATE PLAT NO 12 AMD
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $417/sqft
- Annual tax amount: $1,468
- Date on market: 8/4/2026
- Cumulative days on market: 26 days
- Listing terms: Conventional,FHA
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $650,000-3.7%$417/sqft |
Source: | ||
| 7/12/2024 | Listing removed | $675,000$433/sqft |
Source: | ||
| 6/9/2024 | Listed for sale | $675,000$433/sqft |
Source: | ||
| 8/11/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/3/2022 | Listed for rent | $1,100+46.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/28/2017 | Listing removed | $750 |
Source: Owner Report a problem | ||
| 11/11/2017 | Listed for rent | $750 |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 85281
Nearby schools
Schools provided by the listing agent
- Elementary: Scales Technology Academy
- High: Tempe 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.




