510 W UNIVERSITY Drive # 118 Tempe, AZ ^$ 1,200,000

510 W UNIVERSITY Drive # 118

^$ 1,200,000

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510 W UNIVERSITY Drive # 118

Tempe, AZ, 85281

^$ 1,200,000

Studio Baths0.0

Monthly Estimate*

^$ 7,389

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Studio

Multi-Family Home for sale in Tempe, AZ

for $1,200,000. This home was built in 1986.

Bulk sale of 8 condos. No individual unit sales Building A units 101, 103, 201, 203 Building F units 118, 119, 218, 220. 223/mo hoa per unit = $2,676/unit/yr

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,825

Style

Multiple Dwellings

Year Built

1986

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6969635

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Tile

Zoning R3

Construction Materials Wood Frame Painted Stucco

Year Built 1986

Electric APS

Township 1N

Unit Number 118

Tax Year 2025

Ownership Condominium Condominium

Gross Income 0.0

Community Features Pool

County Maricopa

Net Operating Income 0.0

Operating Expense 2048.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name HERMOSA PLACE CONDOMINIUMS

Garage Y/N N

Status Active

Directions West of Mill on University to Hermosa Place sign turn right into complex. Building A East side on University Building F West side on University

High School Tempe High School

City Tempe

Disclosures None

High School District Tempe Union High School District

Open Parking Spaces 0.0

Number Of Units Total 8

Carport Y/N N

Elementary School Scales Technology Academy

Tax Annual Amount 1825.0

Middle/Junior High School Geneva Epps Mosley Middle School

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Vacant

Elementary School District Tempe School District

Tax Lot 118

Senior Community N

New Financing: Cash True

Interior

Flooring Other Carpet Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source City Franchise

Total Parking 8.0

Number of Buildings 2

Spa N

Lot Dimensions irregular

Covered Spaces 8.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 510

* Excluded Features

List By

Re/Max Excalibur

Broker

home@haugenhomes.com

Affordability Calculator

$7,541

Per Month

Monthly Principal & Interest: $7,389
Monthly Property Taxes: $152
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$1,228,500

Percent of Sale Price 2%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327390 Elementary School

4327128 Middle School

Tempe High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/16/2026	$1,200,000		Listed Price

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510 W UNIVERSITY Drive # 118, Tempe, AZ, 85281 is a Multi-Family Home for sale at $1,200,000. 510 W UNIVERSITY Drive # 118 is a studio with 0.0 baths and was built in 1986. The property's zip code is 85281 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/19/2026.

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510 W UNIVERSITY Drive # 118

Multi-Family Home for sale in Tempe, AZ

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