2205 S MILL Avenue Tempe, AZ ^$ 1,899,000

2205 S MILL Avenue

^$ 1,899,000

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Recently Listed

2205 S MILL Avenue

Tempe, AZ, 85282

^$ 1,899,000

Bedrooms11 Baths0.0

Monthly Estimate*

^$ 11,990

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Multi-Family Home for sale in Tempe, AZ

for $1,899,000 with 11 bedrooms. This home was built in 1959.

Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.

Multi-Family Active

Price

^$ 1,899,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 5,732

Style

Multiple Dwellings

Year Built

1959

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

7087067

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Composition

Zoning R-4

Construction Materials Stucco Block

Year Built 1959

Electric SRP

Township 1N

Tax Year 2026

Ownership Fee Simple Fee Simple

Gross Income 154390.2

Community Features Barbecue

County Maricopa

Net Operating Income 122859.0

Operating Expense 28426.0

Insurance Expense 3731.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 1600.0

Subdivision Name TEMPE ESTATES

Garage Y/N N

Status Active

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

Tax Annual Amount 5732.0

Electric Expense 1380.0

Trash Expense 2412.0

Water Sewer Expense 3060.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Tempe School District

Tax Lot 33

Cap Rate 6.47

New Financing: Conventional True

Senior Community N

New Financing: Cash True

New Financing: VA True

Exterior

Exterior Amenities Rain Gutters

Parking Features Detached Carport 1 Space/Unit

Water Source City Franchise

Total Parking 8.0

Number of Buildings 1

Spa N

Lot Dimensions 10064

Road Surface Type Asphalt

Covered Spaces 8.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Flooring Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Total Bedrooms 11

Total Baths 8

Internal Only

Street Number 1 2205

* Excluded Features

List By

Marcus & Millichap

Broker

kyle.ingram@marcusmillichap.com

Affordability Calculator

$12,468

Per Month

Monthly Principal & Interest: $11,990
Monthly Property Taxes: $478
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$873,187

Percent of Sale Price 54%

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.

4327087 Elementary School

4327661 Middle School

Tempe High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/30/2026	$1,899,000		Listed Price

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2205 S MILL Avenue, Tempe, AZ, 85282 is a Multi-Family Home for sale at $1,899,000. 2205 S MILL Avenue has 11 bedrooms, 0.0 baths, and was built in 1959. The property's zip code is 85282 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 10/1/2026.

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2205 S MILL Avenue

Multi-Family Home for sale in Tempe, AZ

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