1321 W 5th Street, Tempe, AZ 85281
- $827,000
- Sold Price
- $827,000
- List Price
- $899,000
- Closing Date
- Sep 19, 2025
- Days on Market
- 54
- Status
- CLOSED
- MLS#
- 6885871
- City
- Tempe
- Year Built
- 1970
Property Description
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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Additional Information
- Elementary School
- Scales Technology Academy
- High School
- Tempe High School
- Middle School
- Geneva Epps Mosley Middle School
- School District
- Tempe Union High School District
- Community Features
- No Pool
- Construction
- Painted, Stucco, Block
- Cooling
- Ceiling Fan(s), Electric
- Electric
- SRP
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Natural Gas
- New Financing
- No Carry, Conventional, FHA, VA Loan
- Parking Features
- Assigned, >1 Space Per Unit
- Roofing
- Built-Up, Rolled/Hot Mop
- Sewer
- Public Sewer
- Taxes
- $2,641
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi-Family
Courtesy of Desert Dimensions Properties. 480-270-5355 Selling Office: West USA Realty.
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