1610 S COLLEGE Avenue, Tempe, AZ 85281 (MLS# 7011374)

1610 S COLLEGE Avenue, Tempe, AZ 85281

$800,000

Property Type: Multiple Dwellings Status: Active

Current Price: $800,000 List Date: 4/10/2026 Last Modified: 5/06/2026

Overview

Description

Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, while the second lease ends in May and may continue month-to-month at the new owner's discretion. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

Listing Details MLS# 7011374

Location, Tax & Legal

House Number: 1610
Compass: S
Street Name: COLLEGE
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6619
Country: US
County Code: Maricopa
Subdivision: UNIVERSITY ESTATES
Assessor Number: 133-16-002
Tax Year: 2025
Assessor's Map #: 16
Legal Description (Abbrev): LOT 2 BLOCK 1 UNIVERSITY ESTATES MCR 004605
Assessor's Parcel #: 2
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319000
Taxes: 3036.44
Tax District: T
Legal: LOT 2 BLOCK 1 UNIVERSITY ESTATES MCR 004605
Marketing Name: UNIVERSITY ESTATES

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8398
Year Built: 1953
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: R-3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Connolly Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Broadway Rd & Mill Ave
Directions: Head East on W. Broadway Rd., Left onto S College Ave, Left to stay on S College Ave. Property will be on the Left.

Legal Info

Township: 1N
Range: 4E
Section: 22
Block: Yes
Lot Number: 2

Income Expenses

Gross Annual Sch Inc: 60600
Net Operating Income: 60600

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 5050
Avg SqFt: 1181
# Baths: 4

Project Type

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 3500
Annual Ins Exp: 1100
Annual Wtr/Swr Exp: 960
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8596.44
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 60600

Pmt & Rate Info

Cap Rate: 7.58
Equity: 800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Central: Yes
Window/Wall Unit(s): Yes
2 or More Units: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Window/Wall Unit: Yes
2 or More Units: Yes

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

None: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
On Street: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Special

Accept Backups (CLO): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: 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: Duplex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer Heating: Central; Window/Wall Unit(s); 2 or More Units Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; On Street; Free Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Special: Accept Backups (CLO) Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: DeLex Realty

Last Updated: May - 06 - 2026