1253 W SOUTHERN Avenue, Tempe, AZ 85282
$975,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$975,000
Last Modified:
2/11/2026
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!
More Information MLS# 6973787
Contract Info
Ownership: Fee Simple
Current Price: $975,000
List Price: $975,000
Status: Active
List Date: 2026-01-23
Location, Tax & Legal
Assessor's Map #: 42
Legal Description (Abbrev): WESTWAY PARK
Assessor's Parcel #: 63
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2670
Legal: WESTWAY PARK
Marketing Name: WESTWAY PARK
House Number: 1253
Compass: W
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4521
County Code: Maricopa
Subdivision: WESTWAY PARK
Assessor Number: 123-42-063
Tax Year: 2025
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7,206
Flood Zone: No
Total # of Units: 4
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Carminati School
Jr. High School: Connolly Middle School
High School: Tempe High School
Year Built: 1970
Zoning: R-3R
Legal Info
Range: 4E
Section: 33
Township: 1N
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2670
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 7380
Pmt & Rate Info
Cap Rate: 9.08
Equity: 975000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Heat Pump: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 0
Avg SqFt: 750
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Southern & Priest
Directions: From Priest, east on Southern, the property is right on the corner of Margo and Southern.
Geo Lat: 33.392544
Geo Lon: -111.959014
Income Expenses
Net Operating Income: 88560
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Range; Dishwasher
Heating: Central
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
Realty ONE Group
Last Updated: February - 11 - 2026
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