- $775k Price
1424 S Stanley Place
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. High 6 CAP +/-. FULL PRICE OFFERS ONLY CONSIDERED. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available, but buyer to put large down into the deal. Expenses are actual & estimated. Water meter shared with 1428 S Stanley.
Essential Information
- MLS® #6855520
- Price$775,000
- Bathrooms0.00
- Acres0.00
- Year Built1960
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address1424 S Stanley Place
- SubdivisionSTANLEY PLAT
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85281
Amenities
- AmenitiesNo Pool
- Parking Spaces4
- Parking1 Space/Unit
Interior
- HeatingWindow/Wall Unit(s)
- CoolingWindow/Wall Unit
Appliances
Free-Standing Range, Refrigerator
Exterior
- RoofComposition
- ConstructionPainted, Block
School Information
District
Tempe Union High School District
Additional Information
- ZoningR-4
Listing Details
Office
Better Homes & Gardens Real Estate SJ Fowler
Price Change History for 1424 S Stanley Place, Tempe, AZ (MLS® #6855520)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $800,000 to $775,000 |
Better Homes & Gardens Real Estate SJ Fowler.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on July 5th, 2025 at 2:15am MST.