INVESTOR ALERT! Seize this rare, high-cash-flow opportunity in University Heights, Tempe's premier student housing corridor adjacent to Arizona State University (ASU). This is a strategic Legal Duplex designed for maximum rental yield, offering two distinct income streams: a 1,200 sq ft, 3-bedroom, 1-bath main house, and a brand-new, detached 850 sq ft ADU. This property is not just a rental; it is a meticulously designed income machine with an above average cap rate near 8%. Ideal for a dedicated student housing portfolio, flexible long-term rentals, or a savvy owner-occupant seeking substantial passive income.
Add'l Parking Avail, On Street, Carport
Built-In Range, Disposal, Refrigerator, Microwave, W/D Hookup
Central, Electric, Natural Gas, Ceiling
Central Air, Ceiling Fan(s), Electric
Cement Siding, Wood Frame, Stucco, Block
Tempe Union High School District
| Date | Details | Change |
|---|---|---|
| Price Reduced from $799,000 to $749,000 | ||
| Price Reduced from $899,000 to $799,000 |
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Listing information last updated on January 14th, 2026 at 2:46pm MST.