509 W 2ND Street, Tempe, AZ 85281
509 W 2ND Street, Tempe, AZ 85281
509 W 2ND Street, Tempe, AZ 85281
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$650,000
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3 Beds
Active

509 W 2ND Street Tempe, AZ 85281

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Additional details
Bud Gragg

Bud Gragg

+1(480) 497-5600

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision State Plat No 12 Amd

MLS Listing ID 7062358

Bedrooms 3

Year Built 1955

Annual Tax Amount $1,468

Tax Year 2025

Lot Dimensions 73x96

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Downtown Tempe Triplex. Genuinely close to Valley Metro Light Rail, Town Lake, Tempe Streetcar, and Arizona State University. Neighboring Mill Avenue dining, shopping, and entertainment. Well-cared-for, low-maintenance building that speaks to the rarity and desirability of a multifamily property in this location. New roof 2024; 2 new A/C units and 3 new tankless smart water heaters installed in 2026. Suitable for an investor or owner-occupants looking to live in one unit while generating rental income from the other two. Seller Will Consider buyer closing cost concessions.

Location

State AZ

County Maricopa

Community State Plat No 12 Amd

Area Maricopa

Zoning R3

Direction Wilson to 2nd Street, Second building on the Left.

Interior

Heating Central

Cooling Central Air

Flooring Concrete

Appliance Built-In Range, Dishwasher, Refrigerator, Washer/Dryer

Exterior

Parking Features Off Street

Community Features No Pool

Roof Type Composition,Foam

Private Pool No

Building

Sewer Public Sewer

Water Master Meter

New Construction No

Schools

Elementary Schools Scales Technology Academy

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 124-32-044-D

Acceptable Financing Conventional, FHA

Disclosures Seller Prop Disc Stm

Listing Terms Conventional, FHA

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Congress Realty, Inc. • Jared A English
Bud Gragg
Bud Gragg

Broker Associate License ID: BR112406000

+1(480) 497-5600 | budgragg@gmail.com

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509 W 2ND Street