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1253 W SOUTHERN Avenue
Tempe AZ 85282 US

$975,000

Active Listing ID 6973787
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8 bed
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4.00 Bath (4 Full)
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Other

$975,000

Active Listing ID 6973787
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1253 W SOUTHERN Avenue 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!

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Heat Pump
  • Floor Covering: Vinyl, Carpet
  • Roof Type: Foam
  • Heating Fuels: Central

School Information

  • School
  • Carminati School(Elementary)
  • Connolly Middle School(MiddleSchool)
  • Tempe High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 975000
  • unparsedaddress: 1253 W SOUTHERN Avenue
  • postalcity: Tempe
  • stateorprovince: AZ
  • country: US
  • postalcode: 85282
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.392544
  • longitude: -111.959014
  • listagentfullname: Erin M Woodruff
  • listagentemail: therealtorerin@gmail.com
  • listagentkey: 3yd-ARMLSAZ-ew153
  • listagentmlsid: ew153
  • listagentpreferredphone: 4802506983
  • listagentofficephone: 4802506983
  • listofficekey: 3yd-ARMLSAZ-reog02
  • listofficemlsid: reog02
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1970
  • listingcontractdate: 2026-01-23
  • listagenturl: http://www.realtyonegroup.com
  • countyorparish: Maricopa
  • parcelnumber: 123-42-063
  • elementaryschool: Carminati School
  • highschool: Tempe High School
  • elementaryschooldistrict: Tempe School District
  • middleorjuniorschooldistrict: Tempe Union High School District
  • highschooldistrict: Tempe Union High School District
  • appliances: Built-In Range, Dishwasher
  • cooling: Heat Pump
  • constructionmaterials: Painted, Block
  • flooring: Vinyl, Carpet
  • heating: Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Carport
  • roof: Foam
  • waterfrontyn: False
  • franchiseaffiliation: Realty ONE Group
  • rooms: Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.959015, 33.392544
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty ONE Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"relo@realtyonegroup.com", "ListBrokerageCity":"Phoenix", "ListBrokerageCountry":"US", "ListBrokerageEmail":"relo@realtyonegroup.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/c5ababf0230f64ec01231018c2c400a8/20170221224540103.png", "ListBrokerageName":"Realty ONE Group", "ListBrokeragePhone":"(888) 461-0101", "ListBrokeragePostalCode":"85028", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":"Suite 200", "ListBrokerageUnparsedAddress":"11211 N Tatum Blvd", "ListBrokerageWebsiteUrl":"http://www.realtyonegroup.com", "ListOfficeAddress1":"3530 S Val Vista Dr #114 ", "ListOfficeAddress2":"Suite 200", "ListOfficeBrokerMlsId":"reog02", "ListOfficeCity":"Gilbert", "ListOfficeCountry":"USA", "ListOfficeEmail":"ron.copus@realtyonegroup.com", "ListOfficePostalCode":"85297", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Tempe, AZ", "ListingURL":null, "MLSModificationTimestamp":"2026-03-25 17:16:12", "Neighborhoods":[{"Description":null, "Name":"WESTWAY PARK"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2670, "TaxDescription":"WESTWAY PARK", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/25/2026 5:18:43 PM GMT
Source Updated Date: 3/27/2026 7:03:21 PM GMT

Courtesy of: Erin M Woodruff, Realty ONE Group, therealtorerin@gmail.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.