# 421 S TERRY Lane, Tempe, AZ 85281

> **TL;DR:** 4bd/0ba residential multi family, $769,999, built 1985.
> A/C. Est. $4,119/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $769,999 |
| Bedrooms | 4 |
| Year Built | 1985 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,894 |
| Estimated Insurance | $225 |
| **Total** | **$4,119** |

## Nearby Schools

- **Elementary:** Scales Technology Academy
- **Middle:** Geneva Epps Mosley Middle School
- **High:** Tempe High School

## Key Amenities

- A/C

## Property Highlights

- Built in 1985

## Description

### Agent 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.

## Location

- **Address:** 421 S TERRY Lane, Tempe, AZ 85281
- **County:** Maricopa
- **Neighborhood:** MERCADO HOMES
- **Coordinates:** 33.426189, -111.955565
- **Google Maps:** https://www.google.com/maps?q=33.426189,-111.955565

## Listing Agent

- **Name:** Nicole John
- **Brokerage:** Realty ONE Group
- **Phone:** 9283221997

## Primary Photo

![421 S TERRY Lane - Primary Photo](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3170443598r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.ai/listing/421-s-terry-lane-tempe-az-85281-7057410)*

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**MLS#:** 7057410 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/421-s-terry-lane-tempe-az-85281-7057410)

---

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