1231 N Oleander Street, Tempe, AZ 85288
- $1,125,000
- Sold Price
- $1,125,000
- List Price
- $1,200,000
- Closing Date
- Jul 03, 2026
- Days on Market
- 154
- Status
- CLOSED
- MLS#
- 6960414
- City
- Tempe
- Subdivision
- North Tempe 2
- Year Built
- 1958
Property Description
Price Drop $95,000!! 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.
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Additional Information
- Elementary School
- Cecil Shamley School
- High School
- McClintock High School
- Middle School
- McKemy Academy of International Studies
- Community Features
- No Pool
- Construction
- Block, Brick, Wood Frame, Painted
- Cooling
- Central Air, Electric, 2 or More Units, Ceiling Fan(s)
- Electric
- APS
- Heating
- Electric
- New Financing
- Conventional, Cash
- Parking Features
- 1 Space/Unit, Paved, On Street, Assigned
- Roofing
- Foam
- Subdivision
- North Tempe 2
- Taxes
- $1,363
- Tax Year
- 2025
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection, Cable TV
- Units
- 5
- Water
- Individual Meter
- Zoning
- [R-2] Multi-Fam
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Listing courtesy of Midland Real Estate Alliance. Selling Office: Midland Real Estate Alliance.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.