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$650,000 Just Listed
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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.
Full Property Details
Full Property Details for 509 W 2nd St
General
- Price: $650,000
- Taxes: $1,468 (2025)
- Status: Active
- Type: Triplex
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7062358
- Updated: 8/5/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Built-In Range, Dishwasher, Refrigerator, Washer/Dryer
- Flooring: Tile, Concrete
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Off Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: STATE PLAT NO 12 AMD
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water: Master Meter
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Block
- Roof: Composition, Foam
- Year Built: 1955
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: 73 x 96
- Frontage: Asphalt
- Zoning: R3
Financial Considerations
- Tax Amount: $1,468
- Tax Year: 2025
- Terms: Conventional, FHA
- Owner Pays: Water
Disclosures and Reports
- Legal Description: PT TR 7 LOT 1 W 73' OF E 166' EX TH PT IF ANY LY S OF PRIEST DITCH .16 AC
- Property ID: 124-32-044-D
- Range: 4E
- Section: 16
- Lot Number: 1
Listed by Congress Realty, Inc.
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Schools
Schools serving 509 W 2nd St
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Scales Technology Academy 1115 West 5th Street, Tempe, AZ 85281 | K-5 | 0.6 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 0.9 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 1.4 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 509 W 2nd St
Date
Details
Price
Change
Source
8/04/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 W 2nd St
509 W 2nd Street, Tempe, AZ 85281 (MLS# 7062358) is a Triplex property with 3 bedrooms and 0 full bathrooms. 509 W 2nd Street is currently listed for $650,000 and was received on August 04, 2026. Want to learn more about 509 W 2nd Street? Do you have questions about finding other Triplex real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

