Prime Tempe 4-Plex - Great investment opportunity in a highly sought-after Tempe location! The property features two spacious 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with its own front patio. The one-bedroom units also enjoy private enclosed yards, perfect for added tenant appeal. Shared amenities include an on-site laundry room and rear parking. Nestled on a quiet, well-kept street with numerous remodeled homes, this property is just minutes from ASU campus, Carvana Headquarters, Phoenix Sky Harbor International Airport, the 202 freeway. With some long-term tenants already in place, there's significant upside potential for upgrades and market rent increases. Exceptional Value-Add Potential. Please do not disturb residents!
Sold for $770,000 on 09/30/25
$770,000
1301 W 3rd St, Tempe, AZ 85281
6beds
2baths
2,800sqft
Multi Family
Built in 1979
-- sqft lot
$807,800 Zestimate®
$275/sqft
$2,036 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 01, 2025 at 01:18am
Listed by:
Jacquelyn E Shoffner 602-881-5494,
Real Broker,
Joshua Will Hogan 480-369-2880,
Real Broker
Bought with:
Samantha Flatland, SA686841000
Keller Williams Realty Phoenix
Source: ARMLS,MLS#: 6905604

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Other, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved
- Uncovered spaces: 6
Lot
- Size: 8,359 sqft
- Dimensions: 8359
Details
- Parcel number: 12428038
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Other
Condition
- Year built: 1979
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Tempe
- Subdivision: GRIFFITH ESTATES
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Services availability
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Estimated market value
$807,800