1145 W SOUTHERN Avenue, Tempe, AZ 85282

Property Description

DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization. The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.

Listing Status:

Active

Date Added:

July 11, 2025

Data Last Updated:

April 2, 2026 at 5:09AM

Listing Office:

Citiea : 480-870-3119

Listing Agent:

Bejan Parivar : 626-437-5604

MLS ID:

6888728

Interior

• Flooring: CarpetVinyl
• A/C: Central AirCeiling Fan(s)
• Heating: Heat Pump

Exterior

• Parking: PavedAssignedAdd'l Parking Avail>1 Space Per UnitCarportParking spaces: 10

Construction

• Roofing: Foam
• General: PaintedBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Tempe School District
• County: Maricopa

Lot

• Zoning: R-3R12342072

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2