1231 N Oleander St

Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
  1. Listed by Dalen M Linnerson • Brokerage DRE #LC635105000 • Midland Real Estate Alliance
    P: (480)-347-5186 C: (480)-347-5186 dalen@midlandrea.com

Property Details for 1231 North Oleander Street

Subdivision Name
NORTH TEMPE 2
View YN
No
Zoning
[R-2] Multi-Fam
LISTING UPDATED: 12/23/2025 12:46 PM

Property Details for 1231 North Oleander Street

StatusActive
MLS #6960414
Days on Market69
Taxes$1,363 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1958
Lot Size0.16 AC / 7,070 SF
CountyMaricopa County

Location

Listing Courtesy of Midland Real Estate Alliance
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Building Information for 1231 North Oleander Street

Stories-Residences5Year Built1958Building Size-Lot Size0.16 AC / 7,070 SF

Payment Calculator

$6,425 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,312

Property Taxes

$114

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1231 North Oleander Street

Summary
Location and General Information
  • Unparsed Address: 1231 N OLEANDER Street, Tempe, AZ 85288
  • City: Tempe
  • Coordinates: -111.918705, 33.442403
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Scottsdale Rd & Curry Rd
  • Directions: South on Miller to Tempe Dr. West to Oleander
  • Latitude: 33.442403
  • Longitude: -111.918705
  • Postal City: Tempe
  • Postal Code: 85288
  • Postal Code Plus4: 1847
  • State Or Province: AZ
  • Street Suffix: Street
  • Year Built: 1,958
Taxes and HOA
  • Tax Annual Amount: $1,363.00
  • Tax Book Number: 132.00
  • Tax Legal Description: LOT 186 NORTH TEMPE 2 MCR
  • Tax Lot: 185
  • Tax Year: 2,025
Parking
  • Covered Spaces: 5
  • Garage YN: No
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Paved, Assigned, 1 Space/Unit, On Street
  • Parking Total: 7
School Information
  • Elementary School: Cecil Shamley School
  • Elementary School District: Tempe School District
  • High School: McClintock High School
  • High School District: Tempe Union High School District
  • Middle Or Junior School: McKemy Academy of International Studies
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 7,070 SF
Property and Assessments
  • Disclosures: None
  • Documents Count: 1
  • Ownership: Fee Simple
  • Parcel Number: 13213035
  • Property Type: Multiple Dwellings
Utilities
  • Electric: APS
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: Individual Meter
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Wood Frame, Painted, Block, Brick
  • Number Of Buildings: 2
  • Number Of Units Total: 5
  • Roof: Foam
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air, Ceiling Fan(s), Electric, 2 or More Units
  • Cooling YN: Yes
  • Flooring: Vinyl
  • Heating: Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $81,060.00
  • Gross Scheduled Income: $81,060.00
  • Net Operating Income: $72,317.27

Property History for 1231 North Oleander Street

DateEvent & SourcePriceAppreciation
Dec 23, 2025

Listed (Active)

ARMLS #6960414

$1,295,000
Feb 26, 2019

Sold

ARMLS #5887936

$505,000
Feb 25, 2019

Pending

ARMLS #5887936

Jan 28, 2019

Listed (Active)

ARMLS #5887936

$525,000
DateEvent & SourcePrice
12/23/2025

Listed (Active)

ARMLS #6960414

$1,295,000
02/26/2019

Sold

ARMLS #5887936

$505,000
02/25/2019

Pending

ARMLS #5887936

01/28/2019

Listed (Active)

ARMLS #5887936

$525,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1231 North Oleander Street

Taxable ValueLand-Additions-Total-
Tax Record2025$1,363 ($114 / month)
Home Facts
Total Finished SqFt1,896 SqFtAbove Grade Finished SqFt1,896 SqFtStories1Lot Size7,179 SqFtStyleTriplexYear Built1958ZoningR-2CountyMARICOPAAPN132-13-035

Schools near 1231 North Oleander Street

This home is within Tempe Union High School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Public - 6 to 8
Rating
School
Distance
Cecil Shamley School
PublicPK to 8

McClintock High School
Public9 to 12

Meyer Montessori
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1231 North Oleander Street is a multi-family home for sale in Tempe, AZ 85288. This property was listed for sale on December 23, 2025 by Midland Real Estate Alliance, it's currently listed at $1,295,000. It has been on the market for a total of 69 days and was last sold on February 26, 2019. This listing's school districts are Tempe Union High School District, Tempe School District. Nearby schools include Cecil Shamley School, McClintock High School and Meyer Montessori. 1231 North Oleander Street is a 0-bed, 0-bath, multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Midland Real Estate Alliance

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.