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2044 S FOREST Avenue Tempe, AZ $ 779,000
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$ 779,000 Get more info
2044 S FOREST Avenue
$ 779,000
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2044 S FOREST Avenue

Tempe, AZ, 85282
$ 779,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 4,919

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Multi-Family Home for sale in Tempe, AZ

for $779,000 with 4 bedrooms. This home was built in 1955.

NOT YOUR TYPICAL DUPLEX! This TURNKEY, REMODELED income property offers two private 2 bed/1 bath units that live like single-family homes! Each has its own street frontage, private carport with 2-car paver driveway, & a well-designed floorplan with a large living area, spacious bedrooms, private laundry & fenced yard. Both interiors have been extensively updated with NEW modern kitchens featuring quartz counters & stainless appliances, luxury vinyl flooring, beautifully updated baths & designer fixtures/finishes throughout. One unit is leased at $2,000/mo with the second offered at $2,250/mo - POTENTIAL GROSS INCOME OF $51,000/YEAR! Perfect for an investor OR owner-occupant looking to offset their payment with rental income. Prime Tempe location minutes from ASU, Downtown Tempe & Mill Ave.

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Multi-Family Active

Price

$ 779,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,633

Style

Multiple Dwellings

Year Built

1955

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

7080690
Features
General
Sewer Public Sewer
Heating Heat Pump Zoned Electric
Cooling Ceiling Fan(s) Electric 2 or More Units
Roof Composition
Zoning R-3
Construction Materials Vertical Siding Painted Block
Year Built 1955
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 48450.0
Community Features No Pool
County Maricopa
Net Operating Income 46247.0
Operating Expense 1633.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name TEMPE ACRES
Garage Y/N N
Status Active
Directions East on Broadway South on Hammond Dr &/OR South on Forest Ave
High School Tempe High School
City Tempe
Disclosures None
High School District Tempe Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School Broadmor Elementary School
Tax Annual Amount 1633.0
Middle/Junior High School McKemy Academy of International Studies
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe School District
Tax Lot 11
Cap Rate 5.94
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 4
Total Baths 2
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Exterior
Parking Features >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 6.0
Number of Buildings 1
Spa N
Lot Dimensions 130''x69''
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2044
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* Excluded Features
List By
My Home Group Real Estate

Broker

ashley@selling480.com

Email

Affordability Calculator

$5,055
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,919
Monthly Property Taxes
$136
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4327515 Elementary School
4899035 Middle School
Tempe High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2026$779,000 Listed Price

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2044 S FOREST Avenue, Tempe, AZ, 85282 is a Multi-Family Home for sale at $779,000. 2044 S FOREST Avenue has 4 bedrooms, 0.0 baths, and was built in 1955. The property's zip code is 85282 which is in Tempe, AZ

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