421 S TERRY Lane, Tempe AZ 85281
$749,999
Brokerage: Ivy Realty(623) 299-4954
1 / 26Home facts
- Price
- $749,999
- Status
- Active
- Beds
- 6
- Baths
- 8
- Year built
- 1985
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- MERCADO HOMES
- MLS #
- 7057410
Listed by Realty ONE Group · 480-321-8100
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Tile, Built-Up
Sewer
Sewer - Public
Cooling
Central Air
Heating
Electric
Electric
APS
Flooring
Carpet, Ceramic Tile
WaterSource
City Franchise
ParkingFeatures
Paved, Assigned, >1 Space Per Unit
CommunityFeatures
No Pool
ConstructionMaterials
Wood Frame, Painted, Stucco
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Sep 2, 2026 | Price | $769,999 → $749,999 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 435 W RIO SALADO Parkway 305 | Sep 29, 2026 | $370,000 | 2/2 | 1,082 | Realty ONE Group |
| 1055 W 5TH Street 13 | Sep 15, 2026 | $252,000 | 2/2 | 984 | HomeSmart |
| 1239 W 11TH Street | Sep 14, 2026 | $525,000 | 3/2 | 1,517 | The Ave Collective |
| 420 W 1ST Street 217 | Aug 31, 2026 | $380,000 | 2/2 | 1,055 | Arizona Focus Realty |
| 616 S HARDY Drive 225 | Aug 30, 2026 | $275,000 | 2/2 | 779 | SRL Group |
| 920 S ASH Avenue | Aug 17, 2026 | $550,000 | 1/1 | 1,160 | Howe Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).