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Courtesy of Realty ONE Group, Nicole John Listing Contact: 928-322-1997 
6 Beds
8 Baths

$749,999

421 S TERRY Lane, Tempe AZ, 85281

Built in1985
Property typeMulti-family

Overview

Active

Listed Jul 22, 2026

Updated Sep 3

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.

$4,990/mo

Est. mortgage payment based on a $749,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7057410

Interior Features

Bedrooms
6
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,729
Tax Frequency
Annually

Courtesy of Realty ONE Group, Nicole John

Listing Contact: 928-322-1997 

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Data Last Updated: 4:38 AM UTC, 9/3/2026.

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