1145 W SOUTHERN Avenue Tempe, AZ ^$ 950,000

1145 W SOUTHERN Avenue

^$ 950,000

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1145 W SOUTHERN Avenue

Tempe, AZ, 85282

^$ 950,000

Studio Baths0.0

Monthly Estimate*

^$ 5,849

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Studio

Multi-Family Home for sale in Tempe, AZ

for $950,000. This home was built in 1970.

DO NOT DISTURB TENANTS. Rarely available, turnkey Tempe 4-plex situated on a premium, oversized lot with exceptional visibility directly on Southern Ave. Meticulously maintained and exhibiting true pride of ownership, this income-producing asset features four spacious 2-bed, 1-bath units, all on month-to-month leases, providing immediate flexibility and upside on below-market rents. Extensive recent capital improvements include new ABS plumbing, a newer roof, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes—allowing for hands-off operation from day one. The nearly 11,000 sq ft lot—one of the largest among neighboring 4-plexes—adds long-term value and redevelopment appeal.

Multi-Family Pending

Price

^$ 950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,779

Style

Multiple Dwellings

Year Built

1970

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6888728

Features

General

Sewer Public Sewer

Heating Heat Pump

Cooling Central Air Ceiling Fan(s)

Roof Foam

Zoning R-3R

Construction Materials Painted Block

Year Built 1970

Electric SRP

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 58596.0

Community Features No Pool

County Maricopa

Net Operating Income 58680.0

Operating Expense 5779.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 3000.0

Subdivision Name WESTWAY PARK

Garage Y/N N

Status Pending

Directions From Priest east on Southern. Property located on the SE corner of Southern and S Shafer Dr.

High School Tempe High School

City Tempe

Disclosures None

High School District Tempe Union High School District

Open Parking Spaces 5.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 2779.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Pending

Occupancy Type Tenant

Elementary School District Tempe School District

Tax Lot 072

Cap Rate 6.18

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Carpet Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Assigned Add'l Parking Avail >1 Space Per Unit Carport

Water Source City Franchise

Total Parking 10.0

Number of Buildings 1

Spa N

Lot Dimensions 106x125

Covered Spaces 5.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1145

* Excluded Features

List By

Citiea

Broker

bparivar@citiea.com

Affordability Calculator

$6,081

Per Month

Monthly Principal & Interest: $5,849
Monthly Property Taxes: $232
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$1,217,452

Percent of Sale Price 28%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327087 Elementary School

4327661 Middle School

Tempe High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/1/2026	$950,000	-1.55%	Price Down
11/4/2025	$965,000	-1.03%	Price Down
8/19/2025	$975,000	-2.01%	Price Down
7/22/2025	$995,000	-0.50%	Price Down
7/11/2025	$1,000,000		Listed Price

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1145 W SOUTHERN Avenue, Tempe, AZ, 85282 is a Multi-Family Home for sale at $950,000. 1145 W SOUTHERN Avenue is a studio with 0.0 baths and was built in 1970. The property's zip code is 85282 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/29/2026.

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1145 W SOUTHERN Avenue

Multi-Family Home for sale in Tempe, AZ

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