607 W 15th Street, Tempe, AZ 85281

Tempe
Local realty services provided by:HUNT Real Estate ERA
607 W 15th Street,Tempe, AZ 85281
$585,000
  • 3 Beds
  • 2 Baths
  • 1,631 sq. ft.
  • Single family
  • Active
Listed by: eric brown
Office: retsy
MLS#:7025991
Source:ARMLS

Price summary

  • Price:$585,000
  • Price per sq. ft.:$358.68

About this home

Turnkey income from day one -- seller prepays 12 months rent ($36,000) at close of escrow, occupant will sign a 2-year lease, generating $2,185 monthly NOI & a 4.78% cash-on-cash return. Fully remodeled in 2021 ($75,000+), the 1,631 SF block-construction home features white shaker cabinetry, dark quartz countertops, hardwood flooring, matte black fixtures, & a 2-car garage - uncommon in this submarket. Open kitchen-to-family room layout with French doors to a covered patio & tree-lined yard. New Daikin 4-ton HVAC system (2024) with 12-year manufacturer warranty. New 50-gallon gas water heater. 7 blocks from ASU in one of Tempe's strongest rental corridors. No HOA. Photos include images taken at purchase reflecting remodel condition, current photos illustrate occupancy.

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Home facts

  • Year built:1960
  • Listing ID #:7025991
  • Updated:May 15, 2026 at 02:51 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Rooms Total:7
  • Flooring:Carpet, Tile, Wood
  • Living area:1,631 sq. ft.

Heating and cooling

  • Heating:Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1960
  • Building area:1,631 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Auto Timer H2O Back, Auto Timer H2O Front, Grass Back, Grass Front, North/South Exposure, Sprinklers In Front, Sprinklers In Rear
  • Architectural Style:Ranch
  • Construction Materials:Block, Painted
  • Exterior Features:Storage

Schools

  • High school:Tempe High School
  • Middle school:Geneva Epps Mosley Middle School
  • Elementary school:Holdeman Elementary School

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$585,000
  • Price per sq. ft.:$358.68
  • Tax amount:$2,581 (2025)

Features and amenities

  • Laundry features:Gas Dryer Hookup

Parking

  • Garage:Yes
  • Garage spaces:2
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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