509 W 2ND Street, Tempe, AZ 85281
$650,000
Property Type: Multiple Dwellings Bedrooms: 3 Baths: 3 Status: Active
Current Price: $650,000 Last Modified: 8/05/2026
Overview
Description
Listing Details MLS# 7062358
Location, Tax & Legal
- House Number
- 509
- Compass
- W
- Street Name
- 2ND
- St Suffix
- Street
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 2796
- Country
- US
- County Code
- Maricopa
- Subdivision
- STATE PLAT NO 12 AMD
- Assessor Number
- 124-32-044-D
- Tax Year
- 2025
- Assessor's Map #
- 32
- Legal Description (Abbrev)
- PT TR 7 LOT 1 W 73' OF E 166' EX TH PT IF ANY LY S OF PRIEST DITCH .16 AC
- Assessor's Parcel #
- 44
- Assessor Parcel Ltr
- D
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318800
- Taxes
- 1468
- Tax District
- 3
- Legal
- PT TR 7 LOT 1 W 73' OF E 166' EX TH PT IF ANY LY S OF PRIEST DITCH .16 AC
- Marketing Name
- Tempe Tri Plex
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 73x96
- Year Built
- 1955
- Uncvrd Parking Spcs
- 5
- Total # of Units
- 3
- # of Buildings
- Yes
- Zoning
- R3
- Flood Zone
- No
- Elementary School District
- Tempe School District
- High School District
- Tempe Union High School District
- Elementary School
- Scales Technology Academy
- High School
- Tempe High School
Remarks Misc
- Directions
- Wilson to 2nd Street, Second building on the Left.
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 16
- Lot Number
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 3
- Avg Rent
- 1100
- Avg SqFt
- 520
- # Baths
- Yes
More Information
Structure
- Bedrooms Total
- 3
- Bathrooms Total
- 3
Income Expenses
- Gross Annual Sch Inc
- 40000
- Net Operating Income
- 29974
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
Project Type
- Tri-Plex
- Yes
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
- Foam
- Yes
Floors
- Tile
- Yes
- Concrete
- Yes
Sale Includes
- Building(s) Only
- Yes
- Land & Building
- Yes
Income & Expenses
- Annual Wtr/Swr Exp
- 1800
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 3268
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 38000
- Total Monthly Rental Income
- 3400
Pmt & Rate Info
- Cap Rate
- 4.61
- Equity
- 650000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- See Private Remarks
- Yes
Community Features
- No Pool
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Off Street
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition; Foam Floors: Tile; Concrete Sale Includes: Building(s) Only; Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Central Cooling: Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: See Private Remarks Existing Othr Ln Trm: Not Applicable New Financing: Cash; FHA; Conventional Environmental: None
Listing Office: Congress Realty, Inc.
Last Updated: August - 05 - 2026
Broker Attribution:
888-881-4118
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