1321 W 5th Street, Tempe, AZ 85281
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler



1321 W 5th Street,Tempe, AZ 85281
$899,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:joseph a maggiore
Office:desert dimensions properties
MLS#:6885871
Source:ARMLS
Price summary
- Price:$899,000
About this home
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.
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Home facts
- Year built:1970
- Listing Id #:6885871
- Updated:August 13, 2025 at 03:06 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Electric
- Heating:Natural Gas
Structure and exterior
- Year built:1970
Schools
- High school:Tempe High School
- Middle school:Geneva Epps Mosley Middle School
- Elementary school:Scales Technology Academy
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$899,000
- Tax amount:$2,641 (2024)
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