Mercado Homes Real Estate

Mercado Homes Real Estate

Welcome to Mercado Homes, a vibrant subdivision nestled in the heart of Tempe, Arizona, within the picturesque Maricopa County. This charming community embodies the perfect blend of modern living and Southwestern charm, making it an ideal destination for families, young professionals, and retirees alike.

Mercado Homes boasts a variety of thoughtfully designed residences, ranging from cozy single-family homes to spacious townhouses, ensuring there’s something for everyone. Each home features contemporary finishes, open floor plans, and energy-efficient designs that cater to the needs of today’s discerning buyers. With beautifully landscaped yards and inviting community spaces, residents can enjoy a serene environment that feels like a retreat from the hustle and bustle of city life.

Location is key, and Mercado Homes offers unparalleled access to some of Tempe’s best amenities. Just minutes away, you’ll find a plethora of shopping, dining, and entertainment options, including the popular Tempe Marketplace and Mill Avenue District. Outdoor enthusiasts will appreciate the proximity to Tempe Town Lake and the endless trails for hiking and biking that surround the area.

Families will also benefit from the highly-rated Tempe Union High School District, ensuring quality education for children of all ages. With a strong sense of community and a welcoming atmosphere, Mercado Homes is more than just a place to live; it’s a place to thrive. Discover your dream home in this enchanting subdivision and experience the best of Tempe living!

Newest Listings in Mercado Homes

$769,999
7057410 MLS
Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. 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.

421 S Terry Lane, Tempe
Start Your Search

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.