117 W 10TH Street, Tempe, AZ 85281 (MLS# 6924208)

117 W 10TH Street, Tempe, AZ 85281

$2,450,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,450,000 List Date: 10/10/2025 Last Modified: 6/11/2026

Overview

Description

Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus! This turnkey, multi-unit property includes: Three 2 bed / 1 bath units One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring: Modern kitchens with updated appliances In-unit washer/dryer Spacious covered patios Private, fenced yards Dedicated carports with additional storage Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3-minute walk to ASU, this property sits in one of Tempe's most sought-after neighborhoods.

Supplements: Walk to Mill Avenue, Tempe Town Lake, and top local spots like Casey Moore's Oyster House, with quick access to Scottsdale, the airport, and multiple MLB spring training venues. Whether you're looking for a prime income-generating asset or a strategic location for future appreciation, this property checks all the boxes. **Check the documents tab fo ... (Read more)

Listing Details MLS# 6924208

Location, Tax & Legal

House Number: 117
Compass: W
Street Name: 10TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5614
Country: US
County Code: Maricopa
Subdivision: 10TH AND ASH PLACE CONDOMINIUM
Assessor Number: 132-45-130
Tax Year: 2024
Assessor's Map #: 45
Legal Description (Abbrev): LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Assessor's Parcel #: 130
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319000
Taxes: 5729
Legal: LOT 2 10TH AND ASH PLACE CONDOMINIUM MCR 104144
Marketing Name: Maple Ash Gem

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: (N)145.39' x (E)129.79' | (S) 146.02' x (W)129.88'
Year Built: 1977
Uncvrd Parking Spcs: 12
Total # of Units: 4
# of Buildings: 2
Zoning: [R-2] Multi-Fam
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: 10th St & Ash Ave
Directions: Complex is on the S.E. corner of Ash Ave & 10th St. | from Mill Ave: Go west approximately 500-feet on 10th Street | from University: South on Ash Avenue 900' to property

Legal Info

Township: 1N
Range: 4E
Section: 22
Lot Number: 6

Income Expenses

Net Operating Income: 178931

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 3000
Avg SqFt: 1000
# Baths: 6

Project Type

Four Plex: Yes
Other (See Remarks): Yes

Other Type

Packaged Offering: Yes
Other (See Remarks): Yes

Construction

Block: Yes
Other: Yes

Const - Finish

Painted: Yes
Other (See Remarks): Yes

Roofing

Foam: Yes
Other: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 3600
Annual Ins Exp: 3000
Annual Landscape Exp: 3000
Annual Maint Exp: 2280
Annual Wtr/Swr Exp: 2040
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 3080
Operating Exp: 22729
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 0

Pmt & Rate Info

Cap Rate: 7.3
Equity: 2450000
Down Payment %: 25
Monthly Payments: 360
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Heat Pump: Yes
Individual: Yes
ENERGY STAR Qualified Equipment: Yes
Other: Yes
See Remarks: Yes

Cooling

Ceiling Fan(s): Yes
ENERGY STAR Qualified Equipment: Yes
Heat Pump: Yes
Individual: Yes
2 or More Units: Yes
See Remarks: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes
Other (See Remarks): Yes

Interior Features

Furnished: Yes
Unfurnished: Yes
Partially Furnished: Yes
Fire/Smoke Alarm(s): Yes
Security Alarm(s): Yes
Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes
Other: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes
Submetered System: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes
Other (See Remarks): Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Gas: Yes
Landscaping: Yes
Other: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Development Plan Avl: Yes
Subd Rpt/Exemption: Yes
Other (See Remarks): Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex; Other (See Remarks) Other Type: Packaged Offering; Other (See Remarks) Construction: Block; Other Const - Finish: Painted; Other (See Remarks) Roofing: Foam; Other Floors: Other Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks) Interior Features: Furnished; Unfurnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other Heating: Individual; Heat Pump; ENERGY STAR Qualified Equipment; Other; See Remarks Cooling: Ceiling Fan(s); Heat Pump; Individual; 2 or More Units; ENERGY STAR Qualified Equipment; See Remarks Water Source: City Franchise; Submetered System Sewer: Sewer - Public Electric: APS; Individual Meter; Other (See Remarks) Gas: None Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt; Concrete Owner Pays: Water; Gas; Landscaping; Other Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks) Environmental: None

Documents

Tenant & Units Information ›

Unit Upgrades List ›

Listing Office: eXp Realty

Last Updated: June - 11 - 2026