607 W 15th Street Tempe, AZ 85281

3 Beds
2 Baths
1,631 Sqft
7,130 Sqft lot
0.16 Acre lot
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$585,000 Est. $2,154 / mo.*
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Status: Active
Property Type: Single Family Residence
Year Built: 1960
Neighborhood: Marilyn Ann Unit 1
Days on Website: 3

Courtesy of RETSY {attribution_contact}

Description

Turnkey income from day one -- seller prepays 12 months rent ($36,000) at close of escrow, occupant will sign a 2-year lease, generating $2,185 monthly NOI & a 4.78% cash-on-cash return. Fully remodeled in 2021 ($75,000+), the 1,631 SF block-construction home features white shaker cabinetry, dark quartz countertops, hardwood flooring, matte black fixtures, & a 2-car garage - uncommon in this submarket. Open kitchen-to-family room layout with French doors to a covered patio & tree-lined yard. New Daikin 4-ton HVAC system (2024) with 12-year manufacturer warranty. New 50-gallon gas water heater. 7 blocks from ASU in one of Tempe's strongest rental corridors. No HOA. Photos include images taken at purchase reflecting remodel condition, current photos illustrate occupancy.

Property Details and Features

  • "Dryer"
  • "Washer"
  • "Refrigerator"
  • "Dishwasher"
  • "Disposal"
  • "Gas Oven"
  • "Electric Cooktop"
  • 2 full bathrooms
  • 2 total bathrooms
  • 3 total bedrooms
  • Built in 1960
  • Architectural style: "Ranch"
  • Living area: 1631
  • Construction materials: "Painted", "Block"
  • "Central Air"
  • "Storage"
  • "Block"
  • "Carpet"
  • "Tile"
  • "Wood"
  • 2 spaces
  • "Natural Gas"
  • Association fee includes: "No Fees"
  • "Walk-in Pantry"
  • "Quartz Countertops"
  • "High Speed Internet"
  • "Eat-in Kitchen"
  • "Breakfast Bar"
  • "No Interior Steps"
  • "Pantry"
  • "3/4 Bath Master Bdrm"
  • "Inside"
  • "Gas Dryer Hookup"
  • Listing ID: 7025991
  • Standard status: Active
  • 17 days on market
  • Subdivision name: MARILYN ANN UNIT 1
  • 0.16 acres
  • 7,130 sqft
  • "North/South Exposure"
  • "Sprinklers In Rear"
  • "Sprinklers In Front"
  • "Grass Front"
  • "Grass Back"
  • "Auto Timer H2O Front"
  • "Auto Timer H2O Back"
  • "Attached Garage"
  • "By Agreement"
  • Patio and porch features: "Covered Patio(s)", "Patio"
  • "Composition"
  • 7 total rooms
  • Elementary school: Holdeman Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • "Public Sewer"
  • Annual amount: $2,581
  • Lot: 43
  • "Dual Pane"

Location

$585,000 - 607 W 15th Street, Tempe, AZ 85281
607 W 15th Street Tempe, AZ 85281
Subdivision name: MARILYN ANN UNIT 1

Street View

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This content last updated on May 16, 2026 10:27PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.