1231 N Oleander Street, Tempe, AZ 85288
- $1,125,000
- Sold Price
- $1,125,000
- List Price
- $1,200,000
- Status
- CLOSED
- Days on Market
- 154
- Closing Date
- Jul 03, 2026
- MLS#
- 6960414
- Subtype
- Multiple Dwellings
- Year Built
- 1958
- Subdivision
- North Tempe 2
Property Description
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.
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Additional Information
- Taxes
- $1,363
- Zoning
- [R-2] Multi-Fam
- Heating
- Electric
- Air Conditioning
- Central Air, Electric, 2 or More Units, Ceiling Fan(s)
- Exterior Construction
- Block, Brick, Wood Frame, Painted
- Parking Features
- 1 Space/Unit, Paved, On Street, Assigned
- Elementary School
- Cecil Shamley School
- Middle School
- McKemy Academy of International Studies
- High School
- McClintock High School
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Listing courtesy of Listing Agent: Dalen M Linnerson (480-347-5186) from Listing Office: Midland Real Estate Alliance.
Selling Office: Midland Real Estate Alliance.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.