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421 S Terry Lane, Tempe, AZ 85281

Tempe
Local realty services provided by:CENTURY 21 Arizona Foothills
421 S Terry Lane,Tempe, AZ 85281
$769,999
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: nicole john, mark newman
Office: realty one group
MLS#:7057410
Source:ARMLS

Price summary

  • Price:$769,999

About this home

Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that...

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Home facts

  • Year built:1985
  • Subdivision & Development:MERCADO HOMES
  • Listing ID #:7057410
  • Updated:July 30, 2026 at 04:04 PM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1985
  • Construction Materials:Painted, Stucco

Schools

  • High school:Tempe High School
  • Middle school:Geneva Epps Mosley Middle School
  • Elementary school:Scales Technology Academy

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$769,999
  • Tax amount:$1,729 (2025)

Parking

  • Total parking spaces:8
  • Parking description:Assigned, More Than 1 Parking Space/Unit, Paved
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Floyd Scott

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