1217 W Southern Avenue, Tempe, AZ 85282

$840,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed

Current Price: $840,000 Last Modified: 10/15/2026

Overview

Description

1217 W Southern Ave is a 4-unit multifamily community located in the West Tempe Submarket of Tempe, AZ. This asset is strategically positioned within close proximity to the ASU Tempe campus, and features 100% two-bedroom, 1 bathroom floorplans averaging approximately 750 sq. ft. The building underwent a significant renovation in 2017 and has a new roof along with on-site laundry and storage. Each unit features fully renovated interiors and a gated patio area, with a current average rent of $1,738/month. This is a unique opportunity to acquire a turn-key asset located in a highly desirable location.

Listing Details MLS# 6819034

Location, Tax & Legal

House Number: 1217
Compass: W
Street Name: Southern
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4526
Country: US
County Code: Maricopa
Subdivision: WESTWAY PARK
Assessor Number: 123-42-069
Tax Year: 2023

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 9250
Year Built: 1970
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: M-M
High School District: Tempe Union High School District

Status Change Info

Off Market Date: 2025-03-06
Under Contract Date: 2025-03-05
Close of Escrow Date: 2025-04-21

Legal Info

Township: 1N
Range: 4E
Section: 33

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1000
Avg SqFt: 750
# Baths: Yes

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 86400
Net Operating Income: 57391

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Heating: None; Other; See Remarks Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: Other (See Remarks) Parking Features: Carport Road Surface Type: Gravel; Dirt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: Other (See Remarks)

Listing Office: Matthews Real Estate Investment Services

Office Phone: 310-388-0788

Office Email: david.harrington@matthews.com

Last Updated: October - 15 - 2026