1320-1312 W 5th Street, Tempe, AZ 85281
- $1,025,000
- Sold Price
- $1,025,000
- List Price
- $1,095,000
- Status
- CLOSED
- Days on Market
- 65
- Closing Date
- May 15, 2025
- MLS#
- 6830355
- Subtype
- Multiple Dwellings
- Year Built
- 1961
- Subdivision
- Jo-Ellen Homes
Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
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Additional Information
- Taxes
- $1,408
- Zoning
- R-2
- Flooring
- Other, Ceramic Tile
- Heating
- Heat Pump, Electric
- Air Conditioning
- Electric, Heat Pump
- Exterior Construction
- Painted, Block
- Parking Features
- RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
- School District
- Tempe Union High School District
Mortgage Calculator
Listing courtesy of Listing Agent: James C Stephens (602-672-3526) from Listing Office: Better Homes & Gardens Real Estate SJ Fowler.
Selling Office: West USA Realty.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.