MLS# 6855520 - 1424 S Stanley Place, Tempe, AZ 85281

$775,000
Units: 4
Est. $2,854 / mo.*
113 Days On Market

Courtesy of Better Homes & Gardens Real Estate SJ Fowler

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Property Type: Multiple Dwellings
Status: Active
Year Built: 1960
Neighborhood: Stanley Plat
Days On Website: 113

Property Details for 1424 S Stanley Place, Tempe, AZ 85281

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix. Located in an opportunity zone with 1000's of new units in process. Now Vacant. Owner willing to deliver vacant or re-leased. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position carry or low LTV/market interest rate possible. Close to a 7 CAP historical income performance. Water meter shared with 1428 S Stanley. 1424 & 1428 S Stanley need to be sold together.

Appliances & Equipment

  • "Free-Standing Range"
  • "Refrigerator"

Building

  • Built in 1960
  • Construction materials: "Painted", "Block"
  • 4 total units

Cooling

  • "Window/Wall Unit"

Expenses

  • Electric: $100
  • Insurance: $1,300
  • Maintenance: $1,100
  • Water sewer: $2,100

Floors

  • "Carpet"
  • "Vinyl"

Heating

  • "Window/Wall Unit(s)"

Listing

  • Listing ID: 6855520
  • Standard status: Active
  • 136 days on market

Location

  • Subdivision name: STANLEY PLAT

Parking

  • "1 Space/Unit"
  • 4 total parkings

Property

  • Zoning: R-4

Roof

  • "Composition"

Schools

  • High school district: Tempe Union High School District

Sewer

  • "Public Sewer"

Taxes

  • Annual amount: $1,539
  • Lot: 16

Utilities

  • "SRP"
  • "Individual Meter"

Map View

$775,000 - 1424 S Stanley Place, Tempe, AZ 85281

Street View

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1424 S Stanley Place
Tempe, AZ 85281
Subdivision name: STANLEY PLAT

This content last updated on August 14, 2025 11:05AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.