602-799-2135
123 W 10th St, Tempe, AZ for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

123 W 10th St
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • Flexible pricing for portfolio, single-unit, or two-unit acquisition
  • Immediate ASU corridor location with strong tenant appeal
  • Updated interiors with private yard areas and covered patios
  • Three 2 Bed / 1 Bath units and one 2 Bed / 2 Bath unit
  • Zoned R-2 (Multi-Family), offering long-term flexibility and redevelopment potential
  • Strong tenant demand driven by ASU students, faculty, university staff, and Airbnb

OVERVIEW

Tenth and Ash Place presents a rare opportunity to acquire a four-unit multifamily asset in the heart of Tempe’s highly sought-after ASU corridor. Located at 115, 117, 121, and 123 W 10th Street, this condominium-structured property offers unmatched flexibility, allowing investors or owner-users to scale their investment or occupy a unit while generating income. Just steps from Arizona State University, the property benefits from strong, year-round demand driven by students, faculty, and staff, along with walkable access to Mill Avenue, Tempe Town Lake, and surrounding amenities. The property consists of four approximately 940-square-foot units (3,760 SF total) on a 15,182 SF lot, featuring updated interiors, private yard areas, covered patios, and individually metered utilities. With 16 parking spaces and R-2 zoning, the asset offers both operational efficiency and long-term redevelopment potential. Offering options provide maximum flexibility: purchase all four units for $2,450,000, Unit 115 for $590,000, Unit 117 for $645,000, or Units 115 & 117 together for $1,235,000.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

4

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tenth and Ash Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,425 SF

ZONING

R-2

APN/PARCEL ID

132-45-129,132-45-130,132-45-131,132-45-132,132-45-133

ASK ABOUT THIS PROPERTY

Brett SkotnickeXp CommercialMore Info
602-799-2135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brett SkotnickeXp CommercialMore Info
602-799-2135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.