The Atrium | 1835 East Don Carlos Avenue, Tempe, AZ 85281 | 39 Units | Built 1972 | Renovated 2023 | $6,150,000 | $157,692 Per Unit | $280.25 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (June 1, 2026) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,150,000 / $157,692 Per Unit / $280.25 Per SF sale of The Atrium, a 39-unit multifamily apartment community located in Tempe, Arizona. The Buyer and Seller were represented by ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake.
The Buyer and Seller are based in Arizona.
Originally constructed in 1972 and renovated in 2023, The Atrium comprises 21,945 rentable square feet across 39 units. The property features a well-diversified unit mix of 36 one-bedroom/one-bathroom units (545 SF) and 3 two-bedroom/one-bathroom units (775 SF), offering residents a range of floorplan options in one of the most sought-after submarkets in the Greater Phoenix Metro. The property features a swimming pool, laundry facilities, and community common area.
The Atrium is ideally situated in the heart of Tempe, one of the most dynamic and supply-constrained submarkets in the Greater Phoenix Metro. The property benefits from its proximity to Arizona State University (ASU) – the largest public university in the United States by enrollment – which drives consistent renter demand from students, faculty, and university staff. The location offers walkable access to the vibrant Mill Avenue District, home to an eclectic mix of dining, retail, entertainment, and nightlife.
Residents enjoy convenient access to major employment corridors along the Loop 202 (Red Mountain Freeway) and US-60, as well as the Valley Metro light rail system connecting Tempe to downtown Phoenix and Mesa. The submarket is also proximate to major employers including Arizona State University, State Farm’s regional campus, and the growing tech and biomedical presence along the Tempe/Scottsdale border.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.