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For sale
  • $899,000

    1321 W 5th St, Tempe, AZ 85281

    8beds
    4baths
    2,800sqft
    : 
    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $321/sqft
    $-- HOA

    What's special

    Covered and uncovered parking
    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.
    49 days
    on Zillow
    |
    525
    |
    29
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 12, 2025 at 10:13am

    Listed by:

    Joseph A Maggiore 602-418-2473,

    Desert Dimensions Properties

    Source: ARMLS,MLS#: 6885871MLS Logo

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1321 W 5th St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Natural Gas
    Cooling
    • Ceiling Fan(s), Electric
    Appliances
    • Included: Refrigerator, Free-Standing Electric Oven
    Features
    • Flooring: Ceramic Tile, Vinyl
    Interior area
    • Total structure area: 2,800
    • Total interior livable area: 2,800 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Assigned, >1 Space Per Unit
    • Covered spaces: 4
    • Uncovered spaces: 4
    Lot
    • Size: 0.26 Acres
    • Dimensions: 11326
    Details
    • Parcel number: 12437004F
    • Zoning: Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Painted, Stucco, Block
    • Roof: Built-Up
    Condition
    • Year built: 1970

    Utilities & green energy

    • Electric: SRP
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & HOA

    Community
    • Features: No Pool
    Location
    • Region: Tempe

    Financial & listing details

    • Price per square foot: $321/sqft
    • Tax assessed value: $802,100
    • Annual tax amount: $2,641
    • Date on market: 6/27/2025
    • Listing terms: No Carry,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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