Tenth and Ash Place 123 W 10th St 4 Unit Apartment Building For Sale Tempe, AZ 85281

Tenth and Ash Place presents a rare opportunity to acquire a four-unit multifamily asset in the heart of Tempe’s highly sought-after ASU corridor. Located at 115, 117, 121, and 123 W 10th Street, this condominium-structured property offers unmatched flexibility, allowing investors or owner-users to scale their investment or occupy a unit while generating income. Just steps from Arizona State University, the property benefits from strong, year-round demand driven by students, faculty, and staff, along with walkable access to Mill Avenue, Tempe Town Lake, and surrounding amenities.
The property consists of four approximately 940-square-foot units (3,760 SF total) on a 15,182 SF lot, featuring updated interiors, private yard areas, covered patios, and individually metered utilities. With 16 parking spaces and R-2 zoning, the asset offers both operational efficiency and long-term redevelopment potential. Offering options provide maximum flexibility: purchase all four units for $2,450,000, Unit 115 for $590,000, Unit 117 for $645,000, or Units 115 & 117 together for $1,235,000.