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1253 W SOUTHERN Avenue Tempe, AZ $ 975,000
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$ 975,000 Get more info
1253 W SOUTHERN Avenue
$ 975,000
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Share Save

1253 W SOUTHERN Avenue

Tempe, AZ, 85282
$ 975,000
Baths0.0

Monthly Estimate*

$ 6,003

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Studio

Multi-Family Home for sale in Tempe, AZ

for $975,000. This home was built in 1970.

INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-performing multi-family asset is located just minutes from Arizona State University (ASU), Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. Properties in this pocket remain in constant demand, offering extremely low vacancy rates and consistent rental strength year-round. Fully leased and cash-flowing from day one, this 4-plex delivers one of the highest cap rates available in Tempe for a property of its kind--9.08%. Strong tenant base, stable rent rolls, and immediate income make this an ideal acquisition for buy-and-hold investors, 1031 buyers, or portfolio builders seeking reliable returns. Opportunities with this level of return in Tempe are extremely rare!

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Multi-Family Active

Price

$ 975,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,670

Style

Multiple Dwellings

Year Built

1970

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6973787
Features
General
Sewer Public Sewer
Heating Central
Cooling Heat Pump
Roof Foam
Zoning R-3R
Construction Materials Painted Block
Year Built 1970
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features No Pool
County Maricopa
Net Operating Income 88560.0
Operating Expense 2670.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name WESTWAY PARK
Garage Y/N N
Status Active
Directions From Priest east on Southern the property is right on the corner of Margo and Southern.
High School Tempe High School
City Tempe
Disclosures None
High School District Tempe Union High School District
Open Parking Spaces 4.0
Number Of Units Total 4
Carport Y/N N
Elementary School Carminati School
Tax Annual Amount 2670.0
Middle/Junior High School Connolly Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe School District
Tax Lot 0
Cap Rate 9.08
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Carport
Water Source City Franchise
Total Parking 4.0
Number of Buildings 4
Spa N
Lot Dimensions 7 206
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1253
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* Excluded Features
List By
Realty One Group

Broker

therealtorerin@gmail.com

Email

Affordability Calculator

$6,226
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$223
Monthly 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
4328100 Elementary School
4327180 Middle School
Tempe High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/24/2026$975,000 Listed Price

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1253 W SOUTHERN Avenue, Tempe, AZ, 85282 is a Multi-Family Home for sale at $975,000. 1253 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

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