- $1.3M Price
1231 N Oleander Street
Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
Essential Information
- MLS® #6960414
- Price$1,295,000
- Year Built1958
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address1231 N Oleander Street
- SubdivisionNORTH TEMPE 2
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85288
Amenities
- AmenitiesNo Pool
- Parking Spaces7
Parking
Paved, Assigned, 1 Space/Unit, On Street
Interior
- HeatingElectric
Appliances
Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave
Cooling
Central Air, Ceiling Fan(s), Electric, 2 or More Units
Exterior
- RoofFoam
Construction
Wood Frame, Painted, Block, Brick
School Information
- ElementaryCecil Shamley School
- HighMcClintock High School
District
Tempe Union High School District
Middle
McKemy Academy of International Studies
Additional Information
- Zoning[R-2] Multi-Fam
Listing Details
- OfficeMidland Real Estate Alliance
Midland Real Estate Alliance.
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 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on January 12th, 2026 at 8:48pm MST.