1253 W SOUTHERN Avenue, Tempe, AZ 85282

$975,000
Property Type: Multiple Dwellings Status: Active
Current Price: $975,000 Last Modified: 2/18/2026

Description

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!

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
IDX
Last Updated: February - 18 - 2026
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