515 W 2ND Street, Tempe, AZ 85281
Property image
Property image
FOR SALE
NEW - 3 HRS AGO

515 W 2ND Street
Tempe, AZ 85281

Riverside
  • 3 Beds
  • 3 Baths
  • 1,560 sqft

$650,000

Est. Mortgage $3,632/mo*
Get Pre-Qualified

$650,000

Est. Mortgage $3,632/mo*
Get Pre-Qualified
3 Beds
3 Baths
1,560 sqft

Home Highlights

Parking
5 Open Spaces
Climate Control
Heating & Cooling
Price/Sqft
$417
Listed
Less than a day ago

Local Information

  • Map ViewExplore the area around 515 W 2ND Street.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Downtown Tempe Triplex. Genuinely close to Valley Metro Light Rail, Town Lake, Tempe Streetcar, and Arizona State University. Neighboring Mill Avenue dining, shopping, and entertainment. Well-cared-for, low-maintenance building that speaks to the rarity and desirability of a multifamily property in this location. New roof 2024; 2 new A/C units and 3 new tankless smart water heaters installed in 2026. Suitable for an investor or owner-occupants looking to live in one unit while generating rental income from the other two. Seller Will Consider buyer closing cost concessions.

Home Details for 515 W 2ND Street

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1560 Square Feet
Appliances & Utilities
Appliances: Built-In Range, Dishwasher, Refrigerator, Washer/DryerDishwasherRefrigerator
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Gas & Electric
Electric: APSHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Tile, Concrete
Levels, Entrance, & Accessibility
Floors: Tile, Concrete

Exterior Features

Exterior Home Features
Roof: Composition Foam
Parking & Garage
Open Parking Spaces: 5No CarportNo GarageHas Open ParkingParking Spaces: 5Parking: Off Street
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Painted, Block
Property Information
Parcel Number: 12432044D

Price & Status

Price
List Price: $650,000Price Per Sqft: $417

Active Status

MLS Status: Active

Location

Direction & Address
City: TempeCommunity: STATE PLAT NO 12 AMD
School Information
Elementary School: Scales Technology AcademyElementary School District: Tempe School DistrictHigh School: Tempe High SchoolHigh School District: Tempe Union High School District

Agent Information

Listing Agent
Listing ID: 7062358

Building

Building Area
Building Area: 1560 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 7008 sqft

Offer

Listing Terms: Conventional, FHA

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Water

Miscellaneous

Mls Number: 7062358Attribution Contact: 888-881-4118

Additional Information

No Pool
Last check for updates: 30 minutes ago
Listing courtesy of Jared A English, (888) 881-4118
Congress Realty, Inc.
Source: ARMLS, MLS#7062358
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
Buyer'sMarketSeller'sMarket
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 515 W 2ND Street

DatePriceEventSource
08/04/2026$650,000Listed For SaleARMLS #7062358
10/11/2024$675,000Sold
ARMLS #6748206
09/05/2024$675,000PendingARMLS #6748206
08/24/2024$675,000Listed For SaleARMLS #6748206
07/03/2024$1,350,000ListingRemovedARMLS #6716887
06/09/2024$1,350,000Listed For SaleARMLS #6716887
02/04/2012$575ListingRemovedAgent Provided
12/05/2011$575Listed For RentAgent Provided
11/15/2006$550,000Sold
ARMLS #2637533

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Property Tax and Assessment

Year2025
Tax$1,462
Assessment$388,000
Home facts updated by county records

Comparable Sales for 515 W 2ND Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
105 S HARDY Drive, Tempe, AZ
0.34
Multi-Family Home
$675,000
03/23/26
4
4
1,928
538 W 13TH Street #A, Tempe, AZ
0.92
Multi-Family Home
$650,000
02/23/26
5
3
2,106
1301 W 3RD Street, Tempe, AZ
0.74
Multi-Family Home
$800,000
09/30/25
6
2
2,800
1321 W 5th Street, Tempe, AZ
0.82
Multi-Family Home
$827,000
09/19/25
8
4
2,800
508 S FARMER Avenue, Tempe, AZ
0.22
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400
1558 W 5TH Street, Tempe, AZ
1.09
Multi-Family Home
$915,000
11/21/25
6
6
3,602
1519 W 7TH Place, Tempe, AZ
1.06
Multi-Family Home
$610,000
10/08/25
7
3
2,633
1218 S FARMER Avenue, Tempe, AZ
0.88
Multi-Family Home
$1,610,000
07/03/26
7
8
6,250
626 S Wilson Street, Tempe, AZ
0.32
Multi-Family Home
$2,375,000
04/21/26
14
12
7,340

Nearby homes

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Assigned Schools

These are the assigned schools for 515 W 2ND Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Riverside
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Riverside

  • Trulia User
    "I am very centralized to a lot of things including work. This location is perfect and I really couldn’t have asked for anything better"
    1
    Flag
  • Trulia User
    "Students live around the neighborhood and there is a nice park with spaces for playing soccer, baseball, basketball and tennis"
    0
    Flag
  • Wilby
    "Riverside has access to everything as you a couple minutes from Mill Ave. The 10 freeway is also close as well as Sky Harbor airport. Everything you probably need is within a 15 minute drive if that. "
    0
    Flag
  • Alishakayevaughn
    "I would say there is plenty area to walk the dogs. wouldn't like the fact that people don't clean up after their dogs "
    0
    Flag
  • Daphney H.
    "there is a local community center, people of sorts walk through the neighborhood we have sketchy neighbors "
    0
    Flag
  • Samantha Spillers
    "Drive my car to work and use the light rail usually when we are going to downtown Phoenix or other areas. "
    0
    Flag
  • Parya S.
    "It’s a college city. Mostly young people live here. It’s close to almost everything. It’s close to ASU"
    5
    Flag
  • George L.
    "One can walk to any number of restaurants, bars, or coffee shops and the light rail is close enough to walk to (or ride a bike). Based on the level of development the amount of urban living activities will continue to increase over the next several years."
    3
    Flag
  • George L.
    "This is an area that is changing and becoming more urban friendly. As someone else noted, a nice mix of transportation options with the local free bus Orbit, along with the light rail, within walking distance, and the bike paths are well laid out and the walkability score is quite high (my house is 77) and should continue to improve. Right now they are finishing up West 6th, the two large towers off of Mill, and that should provide some additional retail (probably to include at least a small grocery store) and a low income seniors community is being built right now, that should have 56 residencies, is being built right now in the Farmer's Arts district between 5th and 6th St and between the train tracks and Wilson Ave, which will improve the diverse mix of the community. Finally, there are so many things to do in this area, from events at Gammage and play houses on ASU to cultural events at Tempe Center for the Arts and regular events at Tempe Town Lake and annual street fairs on Mill Avenue. As someone else noted, the area also has quite a selection of restaurants to choose from ranging from extremely affordable and casual (e.g. Casey Moore's) to fairly high end and upscale (e.g. Cafe Boa). For those who like to be able to walk out there door and have a variety of options to choose from in the immediate area, a nice place to live. Even my parents, who have retired and want to move to Phoenix, have fallen in love with this area and want to find a place in the surrounding community. By the way, not a Realtor, I actually moved out here so I could catch the light rail to work and now my favorite part of the area, being able to take walks by Tempe Town Lake, great exercise and a wonderful view, and it is only, as far as I can tell, going to get better."
    3
    Flag
  • Ron M.
    "This area has changed over the last 5 years ( been here since 1998 ). Used to be very low key except during holidays. Many smaller single family homes and low density apartment buildings. Now there are several townhouse complexes within less than a mile of each other. Very bike and pedestrian friendly, just watch out for trust fund kids driving their Beemers in excess of posted speed limits and ignoring stop signs. The noise level is MUCH higher. Still see many of the same faces but due to a high number of renters, there is a constant state of flux. There is a bleed off from Mill Ave. on the weekends and during special events, so expect some craziness. Shopping is a drawback. The closest supermarket is over a mile away. You will become very familiar with Tempe Marketplace. Drug stores, convenience stores more plentiful. Mill Ave. has restaurants and bars in walking distance, where you may pay top dollar and perhaps wait on line. The presence of ASU permeates the area - many students, undergrad and graduate. More of an ethnic mix now, than ten years ago. Public transport is optimal - you can ride the blue Orbit buses, catch the regular Metro buses, or get on the nearby Light Rail. Traffic control during events has improved dramatically over the last five years. Although crimes are sometimes reported, the area is patrolled more frequently. If you leave your bike outside unlocked, it will disappear quickly. Some streets look a little deserted late at night so I would say use common sense. Despite appearances, this is not Winesburg, Ohio. "
    3
    Flag

LGBTQ Local Legal Protections

Jared A English, Congress Realty, Inc.
Agent Phone: (888) 881-4118
515 W 2ND Street, Tempe, AZ 85281 is a 3 bedroom, 3 bathroom, 1,560 sqft multi-family built in 1955. 515 W 2ND Street is located in Riverside, Tempe. This property is currently available for sale and was listed by ARMLS on Aug 4, 2026. The MLS # for this home is MLS# 7062358.