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Sold for $675,000
  • $675,000

    515 W 2ND Street, Tempe, AZ 85281

    3beds
    1baths
    1,560sqft
    Multi Family
    Built in 1955
    -- sqft lot
    $648,600 Zestimate®
    $433/sqft
    $2,257 Estimated rent

    Home value

    $648,600

    $603,000 - $694,000

    $2,257/mo

    Zestimate® history
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    What's special

    Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jared A English 888-881-4118,

    Congress Realty, Inc.

    Bought with:

    Laura Higginbotham, BR526309000

    RE Options

    Source: ARMLS,MLS#: 6748206MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Refrigerator, Microwave, Washer/Dryer
    Features
    • Flooring: Ceramic Tile, Concrete
    Interior area
    • Total structure area: 1,560
    • Total interior livable area: 1,560 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: >1 Space Per Unit
    • Uncovered spaces: 6
    Lot
    • Size: 7,104 sqft
    • Dimensions: 74 x 96
    Details
    • Parcel number: 12432044E
    • Zoning: Industrial

    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: City Franchise

    Community & neighborhood

    Community
    • Community features: No Pool
    Location
    • Region: Tempe
    • Subdivision: STATE PLAT NO 12 AMD

    Other

    Other facts
    • Listing terms: Conventional,FHA,VA Loan
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    10/11/2024Sold$675,000$433/sqft
    Source: ARMLS #6748206 Report a problem
    9/5/2024Pending sale$675,000$433/sqft
    Source: ARMLS #6748206 Report a problem
    8/24/2024Listed for sale$675,000-50%$433/sqft
    Source: ARMLS #6748206 Report a problem
    7/3/2024Listing removed$1,350,000$865/sqft
    Source: ARMLS #6716887 Report a problem
    6/9/2024Listed for sale$1,350,000+145.5%$865/sqft
    Source: ARMLS #6716887 Report a problem
    2/4/2012Listing removed$575
    Source: RealRentals.com Report a problem
    12/5/2011Listed for rent$575
    Source: RealRentals.com Report a problem
    11/15/2006Sold$550,000$353/sqft
    Source: ARMLS #2637533 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,462 +7%$38,800 -3%
    2024$1,366 +1.2%$40,014 +260.1%
    2023$1,350 +3.8%$11,111 -62.4%
    2022$1,300 +2.4%$29,530 +14.5%
    2021$1,270 +1.9%$25,800 +11.9%
    2020$1,246 +2.5%$23,060 +23%
    2019$1,215 $18,750 +35.2%
    2018$1,215 +3.1%$13,870 +8.7%
    2017$1,178 +4.8%$12,760 +4.9%
    2016$1,124 -8.9%$12,160 +2.2%
    2015$1,234 $11,900 +20.6%
    2014-- $9,870 +57.7%
    2013-- $6,260 +3.5%
    2012-- $6,050 -20.6%
    2011-- $7,620 -18.2%
    2010-- $9,310 -41%
    2009-- $15,770 -8.7%
    2008-- $17,280 +39.6%
    2007-- $12,375 +2.2%
    2006-- $12,114
    2005-- $12,114 +27%
    2004-- $9,535
    2003-- $9,535 +38.2%
    2002-- $6,900

    Find assessor info on the county website

    Neighborhood: Riverside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Scales Technology Academy
    • Middle: Connolly Middle School
    • District: Tempe Elementary 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
    $648,600
    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
    $648,600