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$1,899,000 Just Listed
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Property Description
Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.
Full Property Details
Full Property Details for 2205 S Mill Ave
General
- Price: $1,899,000
- HOA FEE: $1,600
- Taxes: $5,732 (2026)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7087067
- Updated: Today (9/30/2026)
- Added to Site: Today
Interior
- Appliances: Refrigerator, Free-Standing Electric Oven, Microwave, Washer and Dryer Hookups
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 11
Exterior
- Exterior Features: Rain Gutters
Parking
- Parking Features: Detached Carport, 1 Space/Unit
Location
- County: Maricopa
- Township: 1N
- Subdivision: TEMPE ESTATES
- Cross Streets: Mill Ave & E Palmcroft Dr
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco, Block
- Roof: Composition
- Year Built: 1959
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: 10064
- Frontage: Asphalt
- Zoning: R-4
Financial Considerations
- Maint. Fee/Month: $1,600
- Tax Amount: $5,732
- Tax Year: 2026
- Terms: Conventional, VA Loan
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Legal Description: LOT 33 TEMPE ESTATES MCR 007023
- Property ID: 133-23-062
- Range: 4E
- Section: 27
- Lot Number: 33
Listed by Marcus & Millichap
Get Pre-Approved Today
Schools
Schools serving 2205 S Mill Ave
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Broadmor Elementary School 311 East Aepli Drive, Tempe, AZ 85282 | K-5 | 0.3 mi |
Connolly Middle School 2002 East Concorda Drive, Tempe, AZ 85282 | 6-8 | 2.3 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 0.3 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 2205 S Mill Ave
Date
Details
Price
Change
Source
9/30/2026
Listed
$1,899,000
51.92%
MLS
9/19/2025
Sold
$1,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2205 S Mill Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,413
—
$45,162
-75%
2025
$5,413
8%
$177,150
9%
2023
$4,998
4%
$163,250
14%
2022
$4,794
—
$142,800
27%
2022
$4,794
-1%
$112,630
21%
2021
$4,827
3%
$93,310
14%
2020
$4,681
2%
$82,100
19%
2019
$4,592
3%
$68,710
20%
2018
$4,478
3%
$57,280
16%
2017
$4,345
1%
$49,430
7%
2016
$4,314
4%
$46,110
-1%
2015
$4,143
-15%
$46,730
11%
2014
$4,848
50%
$41,930
98%
2013
$3,229
—
$21,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2205 S Mill Ave
2205 S Mill Avenue, Tempe, AZ 85282 (MLS# 7087067) is a Multi-Family property with 8 units containing 11 bedrooms and 0 full bathrooms. 2205 S Mill Avenue is currently listed for $1,899,000 and was received on September 30, 2026. Want to learn more about 2205 S Mill Avenue? 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.

