1226 W 5TH Street, Tempe, AZ 85281 (MLS# 6401121)

1226 W 5TH Street, Tempe, AZ 85281

$820,000

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

Current Price: $820,000 Last Modified: 1/14/2026

Overview

Description

LOCATION LOCATION LOCATION!!!! YOU WONT WANT TO MISS THIS AMAZING CASH FLOW OPPORTUNITY LOCATED CLOSE TO ALL RESTAURANTS, BARS, OFFICES MAJOR FWYS AND ASU. ALL UNITS HAVE BEEN COMPLETELY RENOVATED WITH DESIGNER TOUCHES THROUGHOUT. BRAND NEW ROOF, NEW DUAL PANED WINDOWS, FRESH INTERIOR & EXTERIOR PAINT, LED LIGHTING THROUGHOUT, BATHROOMS AND KITCHENS WITH SHAKER CABINETRY AND QUARTZ COUNTERTOPS. STAINLESS STEEL APPLIANCES, PORCELAIN FLOORING, 5 1/4'' BASEBOARDS, NEW INTERIOR SHAKER PANEL DOORS. THIS PROPERTY IS READY TO GO WITH ALL NEW LEASES IN PLACE. EACH UNIT HAS ITS OWN ELECTRIC METER. UNIT 1228 LEASED FOR $2350 PER MONTH AND PAYS OWN UTILITIES, UNIT 1226 RENTED FOR $1560 PER MONTH PAYS OWN UTILITIES, STUDIO UNIT IN BACK RENTED $1200 LANDLORD PAYS ALL UTILITIES.

Listing Details MLS# 6401121

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1226
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2693
Country: US
County Code: Maricopa
Subdivision: PECAN GROVE ESTATES
Assessor Number: 124-28-021
Tax Year: 2021

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: unknown
Year Built: 1960
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 2
Zoning: multi family
Flood Zone: No
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: S Priest Dr and W 5th St

Status Change Info

Off Market Date: 2022-07-14
Under Contract Date: 2022-07-13
Close of Escrow Date: 2022-08-15

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: 13

More Information

1 Bedroom Units

Avg Rent: 1200
Avg SqFt: 400
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1560
Avg SqFt: 970
# Baths: 2

Structure

Bedrooms Total: 4
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 61560
Net Operating Income: 61560

Sold Info

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

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Other Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: Individual Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; On Street Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas Tenant Pays: Water; Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Private New Financing: Conventional; 1031 Exchange Environmental: None

Listing Office: Realty ONE Group

Office Phone: 480-285-0000

Office Email: ron.copus@realtyonegroup.com

Last Updated: January - 14 - 2026