1253 W Southern Avenue, Tempe, AZ 85282

Local realty services provided by:HUNT Real Estate ERA
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

Prime investment opportunity in the heart of Tempe! This centrally located property sits just minutes from ASU, major employers, Tempe Town Lake, Sky Harbor Airport, and multiple freeway access points, making it an exceptionally strong rental location with consistent demand and fully rented! The exterior provides low-maintenance landscaping and ample parking, keeping holding costs low. With Tempe's strong rental rates and historically low vacancy trends, this property offers outstanding cash-flow. Opportunities in this location don't come often—secure a reliable income-producing asset in one of the Valley's most proven rental markets, currently the cap rate is at 9.08%! Immediate income for the new buyer that is ready for cashflow!

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Home facts

  • Year built:1970
  • Listing ID #:6973787
  • Updated:February 13, 2026 at 09:18 PM

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Central

Structure and exterior

  • Year built:1970

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)
All 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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