2205 S Mill Avenue, Tempe, AZ 85282
- $1,899,000
- 11
- BD
- 8
- BA
- List Price
- $1,899,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- 7087067
- City
- Tempe
- Bedrooms
- 11
- Bathrooms
- 8
- Subdivision
- Tempe Estates
- Year Built
- 1959
Property Description
Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.
/u.realgeeks.media/dmgazhomes/DMG-AZ-Home-Team-ReMaxSolutionsWide.png)
Additional Information
- High School
- Tempe High School
- Community Features
- Barbecue
- Construction
- Block, Stucco
- Cooling
- Electric
- Electric
- SRP
- Exterior Features
- Rain Gutters
- Heating
- Electric
- New Financing
- Conventional, Cash
- Parking Features
- 1 Space/Unit, Detached Carport
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Tempe Estates
- Taxes
- $5,732
- Tax Year
- 2026
- Tenant Pays
- Electricity, Cable TV
- Units
- 8
- Water
- City Franchise
- Zoning
- R-4
Courtesy of Marcus & Millichap. 602-687-6700
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.