$975,000

1253 W SOUTHERN Avenue, Tempe, AZ 85282

Multi-Family Home
Built in 1970
—— sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property 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!

Listing Status:: Active
Date Added:: January 23, 2026
Data Last Updated:: April 2, 2026 at 7:07AM
Listing Office:: Realty ONE Group : 480-321-8100
Listing Agent:: Erin M Woodruff : 480-250-6983
MLS ID:: 6973787

Flooring: CarpetVinyl
A/C: Heat Pump
Heating: Central

Parking: CarportParking spaces: 4

Roofing: Foam
General: PaintedBlock

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

Zoning: R-3R12342063

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Erin M Woodruff , Realty ONE Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Holdeman Elementary School

1326 W 18th St, Tempe, AZ, 85281

Grades KG-5

1.23 miles away

McKemy Academy of International Studies

2250 S College Ave, Tempe, AZ, 85282

Grades 6-8

1.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.