Properties

Tempe, AZ 85281 626 S Wilson Street

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Presented By: Russ Lyon Sotheby's International Realty; 480-287-5200
  • MLS# 6901363
  • 08/05/2025
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Home Details

Venture on Wilson is a fully renovated, 12-unit garden-style community ideally located in the heart of Tempe, just blocks from Mill Avenue, Tempe Beach Park, and the ASU campus. Originally constructed in 1960 and extensively updated in 2019, the property blends timeless architecture with thoughtful upgrades tailored to today's urban renter. The community features a desirable unit mix of (10) one-bedroom and (2) two-bedroom residences, each individually metered for electricity and equipped with in-unit washers and dryers. A central courtyard offers residents a private, shaded gathering space, while mature palm trees and native landscaping enhance the boutique appeal. Positioned just one block from the newly developed Whole Foods Market and walkable to restaurants, nightlife, and the light rail, Venture on Wilson offers both lifestyle convenience and long-term investment potential in one of Greater Phoenix's most resilient rental markets.
Presented By: Russ Lyon Sotheby's International Realty; 480-287-5200

Interior Features for 626 S Wilson Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringVinyl, Concrete
Heating Y/NYes

General for 626 S Wilson Street

Additional Parcels Y/NYes
Attached Garage No
Cap Rate5.07
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsBrick Veneer, Painted, Block
CoolingCentral Air, Heat Pump, Individual
CountyMaricopa
DirectionsHeading (South) on Priest Dr, turn (East) on 5th St, (South) on Wilson St, continue to the property on your (West) side.
DisclosuresNone
ElectricAPS
Elementary School DistrictTempe School District
Garage Y/NNo
Gross Income177420.0
HeatingHeat Pump
High School DistrictTempe Union High School District
Insurance Expense8400.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income139415.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total12
Occupancy TypeTenant
Open Parking Spaces19.0
Operating Expense38005.0
OwnerPaysGas, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofConcrete, Foam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive Under Contract
StatusUCB (Under Contract-Backups)
Subdivision NameSTATE PLAT NO 12 AMD
Tax Annual Amount5305.0
Tax Lot1
Tax Year2024
Township1N
Year Built1960
ZoningR-3

Exterior for 626 S Wilson Street

Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions23958 square feet
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking19.0
Water SourceMaster Meter

Additional Details

Price History

Connect Realty

Price $2,400,000
MLS#6901363
List Date 08/05/2025
Property Type Contingent
Phone 888.795.6274
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