1145 W Southern Avenue, Tempe, AZ 85282

Tempe
Local realty services provided by:ERA Four Feathers Realty, L.C.
1145 W Southern Avenue,Tempe, AZ 85282
$935,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bejan parivar
Office: citiea
MLS#:6888728
Source:ARMLS

Price summary

  • Price:$935,000

About this home

DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization. The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged...

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Home facts

  • Year built:1970
  • Listing ID #:6888728
  • Updated:March 19, 2026 at 03:10 PM

Rooms and interior

  • Flooring:Carpet, Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

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

Schools

  • High school:Tempe High School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$935,000
  • Tax amount:$2,779 (2024)

Parking

  • Total parking spaces:10
  • Parking description:Additional Parking Available, Assigned, Carport, More Than 1 Parking Space/Unit, Paved
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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