816 S WILSON Street S, Tempe, AZ 85281

$799,000

Property Type: Multiple Dwellings Bedrooms: 4 Baths: 2 Status: Active

Current Price: $799,000 Last Modified: 9/19/2026

Overview

Description

Unique Tempe INVESTMENT Opportunity on approx. 11,032 SF Zoned R-3 lot. Property includes two separate residences on one parcel. Front/East residence features 2 bedrooms and 1 bath and approx. 1,048 sq ft. Back/West residence features 2 bedrooms, 1 bath and approx. 1,048 sq ft. Both are tenant-occupied, producing $2,500 combined monthly rent. Each home has separate APS electric, City of Tempe water, and Southwest Gas meters. New Roof Aug 2026. County records identify the property as a Multiple Family Residence. ,Close to ASU, Downtown Tempe, shopping, dining, and major highways. Pair with adjoining parcel at 815 S Roosevelt St to assemble approx. 22,024 SF for possible Multi-Unit Redevelopment. All information deemed important to be verified by buyer or buyer's agent.

Listing Details MLS# 7082673

Location, Tax & Legal

House Number: 816
Compass: S
Street Name: WILSON
St Suffix: Street
St Dir Sfx: S
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5984
Country: US
County Code: Maricopa
Subdivision: MITCHELL SUB
Assessor Number: 124-69-126-A
Tax Year: 2025
Assessor's Map #: 69
Legal Description (Abbrev): LOT 8 MITCHELL SUB MCR 003513
Assessor's Parcel #: 126
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 2717
Legal: LOT 8 MITCHELL SUB MCR 003513
Marketing Name: MITCHELL SUB

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 11,032
Year Built: 1935
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 2
Zoning: R-3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Hardy/University
Directions: East on University, South on Wilson to home

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: 8

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 1048
# Baths: Yes

More Information

Structure

Bedrooms Total: 4
Bathrooms Total: 2

Income Expenses

Gross Annual Sch Inc: 30000
Net Operating Income: 27283

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Project Type

Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Other Type

House + Rental Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2717
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 30000
Total Monthly Rental Income: 2500

Pmt & Rate Info

Cap Rate: 3.41
Equity: 799000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Other (See Remarks) Other Type: House + Rental Units Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Concrete; Vinyl Sale Includes: Land & Building Community Features: Other Appliances Included: Refrigerator; Washer/Dryer Heating: Natural Gas Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; Add'l Parking Avail Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Documents

ABA ›

Listing Office: Realty ONE Group

Last Updated: September - 19 - 2026