1253 W Southern Avenue, Tempe, AZ 85282

Tempe
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1253 W Southern Avenue,Tempe, AZ 85282
$975,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: erin m woodruff
Office: realty one group
MLS#:6973787
Source:ARMLS

Price summary

  • Price:$975,000

About this home

INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-performing multi-family asset is located just minutes from Arizona State University (ASU), Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. Properties in this pocket remain in constant demand, offering extremely low vacancy rates and consistent rental strength year-round. Fully leased and cash-flowing from day one, this 4-plex delivers one of the highest cap rates available in Tempe for a property of its kind--9.08%. Strong tenant base, stable rent rolls, and immediate income make this an ideal acquisition for buy-and-hold investors, 1031 buyers, or portfolio builders seeking reliable returns. Opportunities with this level of return in Tempe are extremely rare!

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Home facts

  • Year built:1970
  • Listing ID #:6973787
  • Updated:April 28, 2026 at 02:46 PM

Rooms and interior

  • Flooring:Carpet, Vinyl

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Central

Structure and exterior

  • Year built:1970
  • Construction Materials:Block, Painted

Schools

  • High school:Tempe High School
  • Middle school:Connolly Middle School
  • Elementary school:Carminati School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$975,000
  • Tax amount:$2,670 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Carport
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