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421 S TERRY Lane
Tempe AZ 85281 US

$769,999

Active Listing ID 7057410
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4 bed
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4.00 Bath (4 Full)
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Other

$769,999

Active Listing ID 7057410
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421 S TERRY Lane Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential. Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between. Don't miss your chance to own an income-producing asset in one of Arizona's most consistently desirable rental markets.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air
  • Floor Covering: Tile - Ceramic, Carpet
  • Roof Type: Tile, Built-Up
  • Heating Fuels: Electric (Heating)

School Information

  • School
  • Scales Technology Academy(Elementary)
  • Geneva Epps Mosley Middle School(MiddleSchool)
  • Tempe High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 769999
  • unparsedaddress: 421 S TERRY Lane
  • postalcity: Tempe
  • stateorprovince: AZ
  • country: US
  • postalcode: 85281
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.426189
  • longitude: -111.955565
  • listagentfullname: Nicole John
  • listagentemail: nikkiknowsre@gmail.com
  • listagentkey: 3yd-ARMLSAZ-nj041
  • listagentmlsid: nj041
  • listagentpreferredphone: 9283221997
  • listagentofficephone: 9283221997
  • listofficekey: 3yd-ARMLSAZ-reog02
  • listofficemlsid: reog02
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1985
  • listingcontractdate: 2026-07-22
  • listagenturl: http://www.realtyonegroup.com
  • countyorparish: Maricopa
  • parcelnumber: 124-29-001-K
  • elementaryschool: Scales Technology Academy
  • highschool: Tempe High School
  • elementaryschooldistrict: Tempe School District
  • middleorjuniorschooldistrict: Tempe Union High School District
  • highschooldistrict: Tempe Union High School District
  • appliances: Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • cooling: Central Air
  • constructionmaterials: Wood Frame, Painted, Stucco
  • flooring: Tile - Ceramic, Carpet
  • heating: Electric (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Assigned
  • roof: Tile, Built-Up
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • rooms: Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.95557, 33.42619
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty ONE Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"relo@realtyonegroup.com", "ListBrokerageCity":"Phoenix", "ListBrokerageCountry":"US", "ListBrokerageEmail":"relo@realtyonegroup.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/c5ababf0230f64ec01231018c2c400a8/20170221224540103.png", "ListBrokerageName":"Realty ONE Group", "ListBrokeragePhone":"(888) 461-0101", "ListBrokeragePostalCode":"85028", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"11211 N Tatum Blvd", "ListBrokerageWebsiteUrl":"http://www.realtyonegroup.com", "ListOfficeAddress1":"3530 S Val Vista Dr #114 ", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"reog02", "ListOfficeCity":"Gilbert", "ListOfficeCountry":"US", "ListOfficeEmail":"ron.copus@realtyonegroup.com", "ListOfficePostalCode":"85297", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Tempe, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/421-S-Terry-Ln_Tempe_AZ_85281_M27461-85498?f=listhub&s=ARMLSAZ&m=7057410&c=rexren", "MLSModificationTimestamp":"2026-07-23 01:52:04", "Neighborhoods":[{"Description":null, "Name":"MERCADO HOMES"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1729, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/23/2026 2:18:34 AM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Nicole John, Realty ONE Group, nikkiknowsre@gmail.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.