1253 W Southern Avenue Tempe, AZ 85282
Listing Courtesy of: Arizona Regional MLS / Realty One Group

  1253 W Southern Avenue Tempe, AZ 85282

Active (71 Days)
$975,000 (USD)

Description

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!

MLS #:
6973787
Taxes
$2,670
Type
Multifamily
Year Built
1970
County
Maricopa County

Listed By

Erin M Woodruff, Realty One Group
Source
Arizona Regional MLS
Last checked Apr 4 2026 at 3:14 PM MST
Bathroom Details
Heating and Cooling
  • Central
  • Heat Pump
Flooring
  • Carpet
  • Vinyl
Exterior Features
  • Block
  • Painted
  • Roof: Foam
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Carminati School
  • Middle School: Connolly Middle School
  • High School: Tempe High School
Parking
  • Carport
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Listing Data Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/4/26 08:14.