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1231 Oleander St Tempe, AZ 85288
$1,200,000
PENDINGBeds
Baths
0
Sqft
Acres
Year
1958
Days on Site
164
Property Type
Multiple Dwellings
Sub Type
Per Square Foot
$1,200,000
Date Listed
Dec 23, 2025
Description of 1231 Oleander St, Tempe, AZ 85288
Listing details for 1231 Oleander St, Tempe, AZ 85288 : 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.
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Listing Updated : 05-26-2026 at 3:17 PM MST
Listing Provided By : Dalen M Linnerson, 480-347-5186, Midland Real Estate Alliance
Source :
ARMLS, MLS#: 6960414
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Property Details
Overview
Status
Pending
MLS #ID
6960414
Price
$1,200,000
Bedrooms
Bathrooms
0
Square Footage
Acres
Year
1958
Days on Site
164
Property Type
Multiple Dwellings
Property Sub Type
Price per Sq Ft
$0
Date Listed
Dec 23, 2025
Community Information for 1231 Oleander St, Tempe, AZ 85288
Address
1231 Oleander St
City
State
Arizona
Zip Code
County
Subdivision
Schools
School Districts
High School District
Utilities
Sewer
Public Sewer
Water Source
Individual Meter
Interior
Heating
Electric
Cooling
Central Air, Ceiling Fan(s), Electric and 2 or More Units
Fireplace
No
Exterior
Roof
Foam
Foundation
HOA
Has HOA
None
Additional Information
Styles
Price per Sq Ft
$0
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Property History
DateEventPrice
5/26/2026
Pending sale
$1,200,000 -7.3%
Source:ARMLS #6960414
ARMLS #6960414 12/23/2025
Listed for sale
$1,295,000
Source:ARMLS #6960414
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