421 S TERRY Lane, Tempe, AZ 85281

bedrooms 4
bathrooms 4
|Other
NZD $1,356,851
USD $749,999
Published on: 24 Jul 2026
Last updated on: 14 Nov 2026
421 S TERRY Lane, Tempe, AZ 85281
421 S TERRY Lane, Tempe, AZ 85281
421 S TERRY Lane, Tempe, AZ 85281
+26
421 S TERRY Lane, Tempe, AZ 85281
  • 26
Property ID: 110109497812
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Multiple Dwellings, Tempe, AZ

421 S TERRY Lane, Tempe, AZ 85281
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Year Built
1985
Rooms
4 bedroom(s), 4 bathroom(s)
County
Maricopa
Parcel ID
124-29-001-K
Provider
Arizona Regional Multiple Listing Service, Inc.
Subdivision
MERCADO HOMES
Brokerage Office Name
Realty ONE Group
Brokerage Office Phone
(623) 404-0110
Neighbourhoods
MERCADO HOMES
Address
421 S TERRY Lane, Tempe, AZ 85281

Nearby Schools

TypeSchool nameDistrict name
HighTempe High SchoolNot available
Not availableNot availableNot available
ElementaryScales Technology AcademyNot available
Not availableNot availableNot available
MiddleGeneva Epps Mosley Middle SchoolNot available
Not availableNot availableNot available
JuniorhighGeneva Epps Mosley Middle SchoolNot available
Not availableNot availableNot available

Tax History

YearTax amount
2025USD $1729NZD $3,128*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.

Contact Agent
Nicole John
Realty ONE Group
3530 S Val Vista Dr #114 , Gilbert, AZ 85297
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Nicole John
3530 S Val Vista Dr #114 , Gilbert, AZ 85297
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      Property ID: 110109497812

      Original Property ID: 3yd-ARMLSAZ-7057410
      Data provided by Arizona Regional Multiple Listing Service, Inc., MLS #: 7057410
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      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.