1321 W 5th Street, Tempe, AZ 85281
- $827,000
- Sold Price
- $827,000
- List Price
- $899,000
- Status
- CLOSED
- Days on Market
- 54
- Closing Date
- Sep 19, 2025
- MLS#
- 6885871
- Subtype
- Multiple Dwellings
- 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
- Taxes
- $2,641
- Zoning
- Multi-Family
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Natural Gas
- Air Conditioning
- Ceiling Fan(s), Electric
- Exterior Construction
- Painted, Stucco, Block
- Parking Features
- Assigned, >1 Space Per Unit
- School District
- Tempe Union High School District
- Elementary School
- Scales Technology Academy
- Middle School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
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Listing courtesy of Listing Agent: Joseph A Maggiore (602-418-2473) from Listing Office: Desert Dimensions Properties.
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.