1248 E Harry Street, Tempe, AZ 85288 (MLS# 6974899)

1248 E Harry Street, Tempe, AZ 85288

$700,000

Property Type: Multiple Dwellings Status: Active

Current Price: $700,000 List Date: 1/29/2026 Last Modified: 1/31/2026

Overview

Description

Turnkey duplex offered as part of a five-unit residential compound across two adjacent parcels in central Tempe. The duplex features two 2-bedroom/1-bath units with functional layouts and strong long-term rental appeal. The property has been fully renovated, including new HVAC, new roof, new electrical panels, new windows, and updated interiors throughout, offering stable operations and minimal near-term capital needs. Directly adjacent to 1244 N Rose St, which includes three additional units. Together, the parcels operate as a single five-unit investment opportunity. Seller strongly prefers a concurrent sale of both parcels, though parcels are listed separately. Site may offer future development upside. Buyer to verify zoning, density, and development feasibility independently.

Listing Details MLS# 6974899

Location, Tax & Legal

House Number: 1248
Compass: E
Street Name: Harry
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 1807
County Code: Maricopa
Subdivision: NORTH TEMPE 2
Assessor Number: 132-13-050
Tax Year: 2025
Assessor's Map #: 13
Legal Description (Abbrev): LOT 201 NORTH TEMPE 2 MCR
Assessor's Parcel #: 50
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 1583
Legal: LOT 201 NORTH TEMPE 2 MCR
Marketing Name: DUPLEX

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 102x136
Year Built: 1969
Total # of Units: 2
# of Buildings: Yes
Zoning: R-2
Flood Zone: TBD
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Tempe Elementary Online Community
Jr. High School: Tempe Elementary Online Community
High School: Tempe High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Curry & Scottsdale Roads
Directions: Corner of Rose & Harry. White with black roofs. House & 2 duplexes share Large pebble parking area. Across from 1235 N Rose

Legal Info

Township: 1N
Range: 4E
Section: 11
Lot Number: 201

Income Expenses

Gross Annual Sch Inc: 34392

More Information

Showing Notification Methods

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

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1433
Avg SqFt: 780
# Baths: Yes

Project Type

Duplex: Yes
5 - 12 Units: Yes

Other Type

House + Rental Units: Yes
Packaged Offering: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Rolled: Yes

Floors

Laminate: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1583
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 34392

Pmt & Rate Info

Equity: 700000
Down Payment %: 5
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: 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

Built-In Gas Oven: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes
Off Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex; 5 - 12 Units Other Type: House + Rental Units; Packaged Offering Construction: Block Const - Finish: Painted; Stucco Roofing: Rolled Floors: Laminate Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Built-In Gas Oven; Refrigerator; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Free; Off Street Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Cash to Loan; VA; FHA; Conventional Environmental: None

Listing Office: Gentry Real Estate

Last Updated: January - 31 - 2026