1321 W 5th Street, Tempe, AZ 85281

Local realty services provided by:ERA Brokers Consolidated
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)
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.