1244 N Rose Street, Tempe, AZ 85288
$950,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$950,000
Last Modified:
1/31/2026
Description
Fully renovated 3-unit income property offered as part of a rare five-unit residential compound spanning two adjacent parcels. This parcel includes one single-family residence plus a duplex for a total of three units, consisting of two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.Extensive upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, new windows, and fully renovated interiors, providing a turnkey, low-capex asset.
Property is adjacent to 1248 E Harry St, a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment. Seller strongly prefers a concurrent sale of both parcels, though each is offered individually. There may be future development or density potential. Buyer to conduct due diligence.
Supplements: independent due diligence regarding zoning and redevelopment.
More Information MLS# 6931623
Contract Info
Ownership: Fee Simple
Current Price: $950,000
List Price: $950,000
Status: Active
List Date: 2025-10-09
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): LOT 202 NORTH TEMPE 2 MCR 007031
Assessor's Parcel #: 51
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 1581
Legal: LOT 202 NORTH TEMPE 2 MCR 007031
Marketing Name: North Tempe
House Number: 1244
Compass: N
Street Name: Rose
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
County Code: Maricopa
Subdivision: NORTH TEMPE 2
Assessor Number: 132-13-051-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 15
Lot Size Dimensions: TBD
Flood Zone: TBD
Total # of Units: 3
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Cecil Shamley School
Jr. High School: Cecil Shamley School
High School: Tempe High School
Year Built: 1969
Zoning: R-2
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 202
Project Type
Tri-Plex: 1
5 - 12 Units: 1
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Packaged Offering: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Siding: 1
Roofing
Composition: 1
Foam: 1
Floors
Laminate: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1581
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 60540
Pmt & Rate Info
Cap Rate: 6.32
Equity: 950000
Down Payment %: 5
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
2 or More Units: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
See Remarks: 1
New Financing
Cash: 1
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-455-7611
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1597
Avg SqFt: 780
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1850
Avg SqFt: 1296
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: McKellips & Scottsdale Rd
Directions: Heading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner of Harry & Rose.
Geo Lat: 33.443078
Geo Lon: -111.921385
Income Expenses
Gross Annual Sch Inc: 60540
Net Operating Income: 60048
Property Features
Project Type: Tri-Plex; 5 - 12 Units; Other (See Remarks)
Other Type: House + Rental Units; Packaged Offering
Construction: Block; Wood Frame
Const - Finish: Painted; Siding
Roofing: Composition; Foam
Floors: Laminate; Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Fenced
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Central; 2 or More Units
Cooling: Ceiling Fan(s); Central Air; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; See Remarks
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Cash to Loan; VA; FHA; Conventional
Environmental: None
Listing Office:
Gentry Real Estate
Last Updated: January - 31 - 2026
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