$827,000
$899,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
1321 W 5th Street Tempe, AZ 85281
Key Details
Sold Price $827,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6885871
Sold Date 09/19/25
Year Built 1970
Annual Tax Amount $2,641
Tax Year 2024
Lot Dimensions 11326
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe Town Lake, major freeways (Loop 202, 101 & I-10) and multiple bus lines. Quick access to top area employers like State Farm, ADP, Amazon, and Wells Fargo. Covered and uncovered parking at rear of property and shared laundry facility on site. Plus, room to add Tenant value with some interior and exterior cosmetic updates, reflected in list price. This property offers strong value in one of the Valley's most sought-after rental markets.
Location
State AZ
County Maricopa
Zoning Multi-Family
Direction S on Priest to 5th St. E on 5th to (3rd) 4plex on Right- 1321. Follow around to alley in rear for parking.
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Electric
Flooring Ceramic Tile, Vinyl
Appliance Refrigerator, Free-Standing Electric Oven
Exterior
Parking Features Assigned, >1 Space Per Unit
Community Features No Pool
Roof Type Built-Up,Rolled/Hot Mop
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Scales Technology Academy
Middle Schools Geneva Epps Mosley Middle School
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-37-004-F
Acceptable Financing No Carry, Conventional, FHA, VA Loan
Disclosures Seller Prop Disc Stm
Listing Terms No Carry, Conventional, FHA, VA Loan
Financing Cash
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Bought with West USA Realty
