$975,000

1253 W SOUTHERN Avenue, Tempe, AZ 85282

Multi-Family Home
Built in 1970
—— sqft lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

Prime investment opportunity in the heart of Tempe! This centrally located property sits just minutes from ASU, major employers, Tempe Town Lake, Sky Harbor Airport, and multiple freeway access points, making it an exceptionally strong rental location with consistent demand and fully rented! The exterior provides low-maintenance landscaping and ample parking, keeping holding costs low. With Tempe's strong rental rates and historically low vacancy trends, this property offers outstanding cash-flow. Opportunities in this location don't come often—secure a reliable income-producing asset in one of the Valley's most proven rental markets, currently the cap rate is at 9.08%! Immediate income for the new buyer that is ready for cashflow!

Listing Status:: Active
Date Added:: January 23, 2026
Data Last Updated:: February 11, 2026 at 7:06AM
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.