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1244 N Rose Street Tempe, AZ $ 950,000
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$ 950,000 Get more info
1244 N Rose Street
$ 950,000
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1244 N Rose Street

Tempe, AZ, 85288
$ 950,000
Baths0.0

Monthly Estimate*

$ 5,849

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1244 N Rose Street, Tempe, AZ 85288 - Image 13
Studio

Multi-Family Home for sale in Tempe, AZ

for $950,000. This home was built in 1969.

Fully renovated 3-unit income property offered as part of a rare five-unit residential compound spanning two adjacent parcels. This parcel includes one single-family residence plus a duplex for a total of three units, consisting of two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.Extensive upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, new windows, and fully renovated interiors, providing a turnkey, low-capex asset. Property is adjacent to 1248 E Harry St, a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment. Seller strongly prefers a concurrent sale of both parcels, though each is offered individually. There may be future development or density potential. Buyer to conduct due diligence. independent due diligence regarding zoning and redevelopment.

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Multi-Family Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,581

Style

Multiple Dwellings

Year Built

1969

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6931623
Features
General
Sewer Public Sewer
Heating Central 2 or More Units
Cooling Central Air Ceiling Fan(s) 2 or More Units
Roof Composition Foam
Zoning R-2
Construction Materials Wood Frame Siding Painted Block
Year Built 1969
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 60540.0
Community Features No Pool
County Maricopa
Net Operating Income 60048.0
Operating Expense 1581.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name NORTH TEMPE 2
Garage Y/N N
Status Active
Directions Heading South on Scottsdale Road Turn left onto Weber Dr then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner of Harry & Rose.
High School Tempe High School
City Tempe
Disclosures Seller Prop Disc Stm
High School District Tempe Union High School District
Open Parking Spaces 15.0
Number Of Units Total 3
Carport Y/N N
Elementary School Cecil Shamley School
Tax Annual Amount 1581.0
Middle/Junior High School Cecil Shamley School
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Tempe School District
Tax Lot 202
Cap Rate 6.32
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 Laminate Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 15.0
Number of Buildings 2
Spa N
Lot Dimensions TBD
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1244
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* Excluded Features
List By
Gentry Real Estate

Broker

brett@cliffhouseaz.com

Email

Affordability Calculator

$5,981
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$132
Monthly 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
4327385 Elementary School
4327497 Middle School
Tempe High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/10/2025$950,000 Listed Price

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1244 N Rose Street, Tempe, AZ, 85288 is a Multi-Family Home for sale at $950,000. 1244 N Rose Street is a studio with 0.0 baths and was built in 1969. The property's zip code is 85288 which is in Tempe, AZ

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