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$1,125,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 6 days ago
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Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.

Full Property Details for 1231 N Oleander St

General

  • Sold For: $1,125,000
  • Taxes: $1,363 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6960414
  • Added to Site: 199 day(s) ago

Interior

  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave
  • Flooring: Vinyl

Parking

  • Parking Features: Paved, Assigned, 1 Space/Unit, On Street

Location

  • County: Maricopa
  • Subdivision: NORTH TEMPE 2
  • Cross Streets: Scottsdale Rd & Curry Rd

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric, 2 or More Units
  • Heating Type: Electric

Utilities

  • Water: Individual Meter

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame, Painted, Block, Brick
  • Roof: Foam
  • Year Built: 1958

Unit Information

  • Vacancy %: 2

Lot Features

  • Lot Dimensions: 7, 070 SF
  • Frontage: Asphalt, Dirt
  • Zoning: [R-2] Multi-Fam

Financial Considerations

  • Tax Amount: $1,363
  • Tax Year: 2025
  • Terms: Conventional
  • Owner Pays: See Remarks, Landscaping

Disclosures and Reports

  • Multiple Parcels: Yes
  • Legal Description: LOT 186 NORTH TEMPE 2 MCR
  • Property ID: 132-13-035
  • Lot Number: 185

Listed by Midland Real Estate Alliance
Sold by Midland Real Estate Alliance

Listing agent

— 1231 N Oleander St —

  • Midland Real Estate Alliance

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1231 N Oleander St

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Cecil Shamley School
1500 N Scovel St, Tempe, AZ 85281
PK-50.4 mi
McClintock High School
1830 East Del Rio Drive, Tempe, AZ 85282
9-123.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1231 N Oleander St

Date
Details
Price
Change
Source
7/03/2026
Sold
$1,125,000
-6.25%
MLS
3/25/2026
Price Reduced
$1,200,000
-7.34%
MLS
12/23/2025
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Midland Real Estate Alliance
Sold by Midland Real Estate Alliance

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1231 N Oleander Street, Tempe, AZ 85288 (MLS# 6960414) is a Multi-Family property that was sold at $1,125,000 on July 03, 2026. Want to learn more about 1231 N Oleander Street? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.