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Sold on 10/30/2018

825 W 3rd St, Tempe, AZ 85281

$522,000

Last sold 10/30/2018 after 123 Days

  • 4

    bed

  • 4

    bath

Multi-family not for sale
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About 825 W 3rd St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Rental estimate
Property description
TEMPE 4Plex in paradise like cul de sac, fully leased income property. This property is in the heart of Tempe, near Arizona State University (ASU), close to Tempe Town Lake, close to Mill Avenue and not far from Sky Harbor Airport. This property is a magnet for high quality tenants that will treat their apartments like home. Many features include brick construction, dual pane windows and brand new 2 ton AC Units, installed in 2018. Each unit is individually metered for electric. Tile is laid throughout the property for low maintenance. Desert landscaping consumes low water and is set on timer for hands off management.
Listed by
Listing Agent - Matthew T Cox
Listing Office - Equity Arizona Real Estate
Source: ARMLS mls logo
MLS#5787201 • last updated 7 years ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Individual, Heat Pump, Electric
MLS # 5787201
Type Multiple Dwellings
Status Closed
Property Tax 1465.74
Year Built 1963
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Foam
Construction Painted, Block
Parking Carport
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision MONTERREY VILLAGE PLAT 2 AMD
Community Features No Pool
Elementary School District Tempe Elementary School District
High School District Tempe Union High School District
High School Tempe High School
APN 124-31-096
Zoning R3
Directions Mill North To 5th St, 5th Street To McKemy St, Right On Brown St, Left Of McKemy, Then Left On 3rd St
Multifamily Details
Total # of Units 4
Expense: Operating 3565.74
Financial Data Source Owner
Expense: Insurance 686
Net Operating Income 36755
Gross Income 40320
Expense: Electric 670
Expense: Water/Sewer 744
Gross Scheduled Income 40320
We are not permitted to show value estimates for this property.
  • Oct 2018
    mls logo MLS # 5787201
  • Oct 30, 2018 Sold
    $522,000
  • Jun 29, 2018 Listed
    $550,000
  • Oct 2018
    Public Records
  • Oct 29, 2018 Sold
    $522,000 (-5.1%)
  • Year Property taxes Tax assessment
  • 2024
    $1,707 +1.2%
    $79,730 -1.48%
  • 2023
    $1,686 +4.2%
    $80,930 +18.2%
  • 2022
    $1,617 -0.7%
    $68,470 +31.22%
  • 2021
    $1,628 +3.1%
    $52,180 +15.37%
  • 2020
    $1,579 +1.9%
    $45,230 +25.78%
  • 2019
    $1,549 +2.6%
    $35,960 +29.59%
  • 2018
    $1,511 +3.1%
    $27,750 +34.51%
  • 2017
    $1,466 +0.7%
    $20,630 +4.03%
  • 2016
    $1,455 +4.1%
    $19,830
  • 2015
    $1,398
    —
  • 825 W 3rd St
    $522K
  • Downtown Tempe - Rio Salado
    $461K -7% y/y
  • 85281
    $429K -10% y/y
  • Tempe
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Scales Technology Academy
public Grades PK, K-5
Tempe School District
2/10
Geneva Epps Mosley 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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