# 421 S TERRY Lane, Tempe, AZ 85281 > **TL;DR:** 4bd/4ba residential multi family, $749,999, built 1985. > A/C. Est. $4,011/mo. Listed 100 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $749,999 | | Bedrooms | 4 | | Bathrooms | 4 full | | Year Built | 1985 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 100 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,792 | | Estimated Insurance | $219 | | **Total** | **$4,011** | ## 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 INVESTORS two rented units with instant cashflow! 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 - **Broker Phone:** (623) 404-0110 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/421-S-Terry-Ln_Tempe_AZ_85281_M27461-85498?f=listhub&s=ARMLSAZ&m=7057410&c=propsimple) ## Photos ![421 S TERRY Lane - Photo 1](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3170443598r.jpg) ![421 S TERRY Lane - Photo 2](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2939860717r.jpg) ![421 S TERRY Lane - Photo 3](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f4186089960r.jpg) ![421 S TERRY Lane - Photo 4](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3443740005r.jpg) ![421 S TERRY Lane - Photo 5](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2485180821r.jpg) ![421 S TERRY Lane - Photo 6](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f485129318r.jpg) ![421 S TERRY Lane - Photo 7](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f563301044r.jpg) ![421 S TERRY Lane - Photo 8](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1310004356r.jpg) ![421 S TERRY Lane - Photo 9](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2638685036r.jpg) ![421 S TERRY Lane - Photo 10](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3130756245r.jpg) ![421 S TERRY Lane - Photo 11](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2475382685r.jpg) ![421 S TERRY Lane - Photo 12](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3462594258r.jpg) ![421 S TERRY Lane - Photo 13](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f4286555377r.jpg) ![421 S TERRY Lane - Photo 14](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1187814551r.jpg) ![421 S TERRY Lane - Photo 15](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f692164630r.jpg) ![421 S TERRY Lane - Photo 16](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f144231047r.jpg) ![421 S TERRY Lane - Photo 17](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f223207065r.jpg) ![421 S TERRY Lane - Photo 18](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1416792345r.jpg) ![421 S TERRY Lane - Photo 19](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f3283384896r.jpg) ![421 S TERRY Lane - Photo 20](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1467473366r.jpg) ![421 S TERRY Lane - Photo 21](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1679480429r.jpg) ![421 S TERRY Lane - Photo 22](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2713698502r.jpg) ![421 S TERRY Lane - Photo 23](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f2882875054r.jpg) ![421 S TERRY Lane - Photo 24](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f955026188r.jpg) ![421 S TERRY Lane - Photo 25](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1176541883r.jpg) ![421 S TERRY Lane - Photo 26](http://lh.rdcpix.com/eb2d69cd565634263dc6e4dd3309ec50l-f1993159903r.jpg) --- **MLS#:** 7057410 | **Updated:** 2026-10-27 **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-efab3ff4e2584418b70c6cf69c32921b) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/421-s-terry-lane-tempe-az-85281-efab3ff4e2584418b70c6cf69c32921b#listing", "url": "https://www.propertysimple.ai/listing/421-s-terry-lane-tempe-az-85281-efab3ff4e2584418b70c6cf69c32921b", "name": "421 S TERRY Lane, Tempe, AZ 85281", "description": "Attention INVESTORS two rented units with instant cashflow! 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. 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