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Sold on 02/16/2022

2011 S Forest Ave, Tempe, AZ 85282

$923,000

Last sold 02/16/2022 for $955K

  • 6

    bed

  • 3

    bath

Multi-family not for sale
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About 2011 S Forest Ave

Property type Multi-family
Year built 1958
HOA fee $0/month
Movoto estimate
Property description
Amazing opportunity! 3 units in the heart of ASU/Tempe area! Large lot: over HALF AN ACRE! One Duplex, and one detached, stand alone house. Each unit is approx. 830 - 847sqft, all have 2 bedrooms, 1 bathroom, nice kitchens, & great room. Recent work has been done, newer roofs, newer AC units, water heaters, the Duplex was fully painted interior and exterior. Landscape has been converted to awesome desert low maintenance, each unit has a large privately fenced back yard! Private car ports for each unit, and enough parking for at least 1 other vehicle at each unit without parking in street. Amazing turn key investment property! OR, eventually build a larger building with more units! The location could not be better!
Listed by
Listing Agent - Paul R. Pietrzak
Listing Office - Arizona Haciendas Real Estate Co.
Source: ARMLS mls logo
MLS#6321399 • last updated 1 year ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Central Air
Heating Electric, Natural Gas
MLS # 6321399
Type Multiple Dwellings
Status Closed
Property Tax 1948
Year Built 1958
Interior
Flooring Ceramic Tile
Appliances Built-In Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block, Brick
Parking >1 Space Per Unit, 1 Space/Unit, Carport
# of Open Parking Spaces 3
# of Covered Spaces 3
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision BROADMOOR ANNEX
Community Features Pool
Elementary School Broadmor Elementary School
Elementary School District Tempe Elementary School District
Middle School Tempe Academy Of International Studies McKemy Campus
High School District Tempe Union High School District
High School Tempe High School
APN 133-23-001-B
Zoning [M-H] [R-3]
Directions Traveling East On Broadway From Mill Ave, Turn South Onto Forest Ave. Property Is On The Left (east Side) Sign On Property.
Multifamily Details
Total # of Units 3
Expense: Operating 1948
Financial Data Source Other (See Remarks)
Vacancy Allowance 0.05
Net Operating Income 36000
Gross Income 36993
Gross Scheduled Income 38940
$923K
Range: $775K-$1.07M
Last 30 days 
  • Feb 2022
    Public Records
  • Feb 10, 2022 Sold
    $955,000
  • Feb 2022
    mls logo MLS # 6321399
  • Feb 10, 2022 Sold
    $955,000 (-4.5%)
  • Nov 15, 2021 Listed
    $1,000,000 (+365.1%)
  • Jun 2004
    Public Records
  • Jun 29, 2004 Sold
    $215,000
  • Year Property taxes Tax assessment
  • 2024
    $2,060 +1.2%
    $70,060 -3.53%
  • 2023
    $2,035 +5.3%
    $72,620 +11.11%
  • 2022
    $1,933 -0.8%
    $65,360 +30.17%
  • 2021
    $1,948 +3.2%
    $50,210 +13.14%
  • 2020
    $1,889 +1.9%
    $44,380 +11.2%
  • 2019
    $1,853 +2.6%
    $39,910 +22.91%
  • 2018
    $1,807
    $32,470
  • 2011 S Forest Ave
    $955K
  • $499K
  • 85282
    $475K +1% y/y
  • Tempe
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Broadmor Elementary School
public Grades K-5
Tempe School District
4/10
Connolly Middle School
public Grades 6-8
Tempe School District
4/10
Tempe High School
public Grades 9-12
Tempe Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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