- $1.2M Price
1440 S Stanley Place
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Mid 6 CAP with room to raise rents. FULL PRICE OFFERS ONLY CONSIDERED. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available, but only with a large buyer down into the deal. Expenses are actual & estimated.
Essential Information
- MLS® #6855620
- Price$1,175,000
- Bathrooms0.00
- Acres0.00
- Year Built1960
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address1440 S Stanley Place
- SubdivisionSTANLEY PLAT
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85281
Amenities
- AmenitiesOther, See Remarks
- Parking Spaces8
- ParkingFree, >1 Space Per Unit
Interior
- CoolingWindow/Wall Unit
Appliances
Free-Standing Range, Refrigerator
Heating
Natural Gas, Floor Furnace, Wall Furnace
Exterior
- RoofComposition
- ConstructionPainted, Block
School Information
District
Tempe Union High School District
Additional Information
- ZoningR4
Listing Details
Office
Better Homes & Gardens Real Estate SJ Fowler
Price Change History for 1440 S Stanley Place, Tempe, AZ (MLS® #6855620)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,200,000 to $1,175,000 |
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 4th, 2025 at 12:45pm MST.