421 S TERRY Lane
Tempe, AZ 85281
Sunset
4 Beds
4 Baths
3,504 sqft
4 Beds
4 Baths
3,504 sqft
Home Highlights
Parking
8 Open Spaces
Climate Control
Heating & Cooling
Price/Sqft
$220
Listed
Less than a day ago
Local Information
- Map ViewExplore the area around 421 S TERRY Lane.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
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.
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.
Home Details for 421 S TERRY Lane
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 3504 Square Feet |
Appliances & Utilities Appliances: Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/DryerDisposalMicrowaveRefrigerator |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Electric |
Gas & Electric Electric: APSHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Carpet, Ceramic Tile |
Levels, Entrance, & Accessibility Floors: Carpet, Ceramic Tile |
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Exterior Home Features Roof: Tile Built Up |
Parking & Garage Open Parking Spaces: 8No CarportNo GarageHas Open ParkingParking Spaces: 8Parking: Paved,Assigned,>1 Space Per Unit |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1985 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Wood Frame, Painted, Stucco |
Property Information Parcel Number: 12429001K |
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Price List Price: $769,999Price Per Sqft: $220 |
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MLS Status: Active |
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Direction & Address City: TempeCommunity: MERCADO HOMES |
School Information Elementary School: Scales Technology AcademyElementary School District: Tempe School DistrictJr High / Middle School: Geneva Epps Mosley Middle SchoolHigh School: Tempe High SchoolHigh School District: Tempe Union High School District |
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Listing Agent Listing ID: 7057410 |
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Building Area Building Area: 3504 Square Feet |
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Community Features: No Pool |
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Lot Area: 7008 sqft |
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Listing Terms: Conventional, 1031 Exchange, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Owner Pays: Other |
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Mls Number: 7057410 |
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No Pool |
Last check for updates: 43 minutes ago
Listing courtesy of Nicole John, (928) 322-1997
Realty ONE Group
Mark Newman, (480) 993-8653
Realty ONE Group
Source: ARMLS, MLS#7057410
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Market trends in Tempe
Last updated June 2026
Avg. sale price
$463K
$5KMoM
Sale-to-List Price
98.5%
0.1%MoM
Price per sq ft
$291
$2MoM
Available listings
550
13MoM
Price History for 421 S TERRY Lane
| Date | Price | Event | Source |
|---|---|---|---|
| 07/23/2026 | $769,999 | Listed For Sale | ARMLS #7057410 |
| 09/13/2024 | $1,995 | ListingRemoved | Zillow Rentals |
| 08/14/2024 | $1,995 | PriceChange | Zillow Rentals |
| 07/30/2024 | $2,095 | PriceChange | Zillow Rentals |
| 07/10/2024 | $2,195 | Listed For Rent | Zillow Rentals |
| 07/18/2023 | ListingRemoved | Zillow Rentals | |
| 07/08/2023 | $2,095 | Listed For Rent | Zillow Rentals |
| 07/21/2022 | ListingRemoved | Zillow Rental Network Premium | |
| 07/02/2022 | $2,000 | Listed For Rent | Zillow Rental Network Premium |
| 05/26/2022 | $715,000 | Sold | ARMLS #6391524 |
| 05/04/2022 | $660,000 | Pending | ARMLS #6391524 |
| 04/29/2022 | $660,000 | Listed For Sale | ARMLS #6391524 |
| 02/08/2022 | $385,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,722 |
| Assessment | $504,500 |
Home facts updated by county records
Comparable Sales for 421 S TERRY Lane
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.28 | Multi-Family Home | $675,000 | 03/23/26 | 4 | 4 | 1,928 | |
0.21 | Multi-Family Home | $800,000 | 09/30/25 | 6 | 2 | 2,800 | |
0.27 | Multi-Family Home | $827,000 | 09/19/25 | 8 | 4 | 2,800 | |
0.54 | Multi-Family Home | $915,000 | 11/21/25 | 6 | 6 | 3,602 | |
0.89 | Multi-Family Home | $650,000 | 02/23/26 | 5 | 3 | 2,106 | |
0.52 | Multi-Family Home | $610,000 | 10/08/25 | 7 | 3 | 2,633 | |
0.64 | Multi-Family Home | $1,400,000 | 05/28/26 | 8 | 1 | 4,400 | |
0.50 | Multi-Family Home | $570,000 | 10/21/25 | 6 | 1 | 2,409 | |
0.98 | Multi-Family Home | $1,610,000 | 07/03/26 | 7 | 8 | 6,250 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
SOLDMAR 27, 2026Keller Williams Integrity First, ARMLS
FOR SALEMy Home Group Real Estate, ARMLS
FOR SALEGrigg's Group Powered by The Altman Brothers, ARMLS
FOR SALEWindermere Real Estate & Property Management, ARMLS
OFF MARKETColdwell Banker Realty, ARMLS
Assigned Schools
These are the assigned schools for 421 S TERRY Lane.
- Geneva Epps Mosley Middle School
- 6-8
- Public
- 692 Students
2/10GreatSchools RatingParent Rating AverageI have grandchildren going to this school who have had nothing but problems they have been taken up with school officials with little to nothing being done. My 1 of my grandchildren grades have went from As and Bs to failing evening.Other Review8mo ago - Scales Technology Academy
- PK-5
- Public
- 373 Students
4/10GreatSchools RatingParent Rating AverageOur 4 kids went to scales , we are sad to be leaving . We have watched the school go from a D+ school to and A , after bringing in an amazing principal and staff. My kids loved there teachers staff and especially the principal! They are welcoming and caring and have great relationships with students and parents alike. We are sad to go but will be popping in to say hi often! -the pino familyParent Review1y ago - Tempe High School
- 9-12
- Public
- 1430 Students
5/10GreatSchools RatingParent Rating AverageThis school is honestly really nice for academics. It offers so many countless opportunities. Its main focus is college readiness. They will get you there no matter how much it takes. They offer Honors and IB classes so regularly to students under no pressure. I recommend if your child is really ahead or have a clear passion for their career and education. They even offer opportunities to students who have trouble in school I’ve noticed. They offer trade school to students who are working towards their career and a standard CTE class helps a lot. Lastly, their special education program is really nice.Student Review1y ago 
Check out schools near 421 S TERRY Lane.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Sunset
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Nicole John, Realty ONE Group
Agent Phone: (928) 322-1997