1552 W 5TH Street, Tempe, AZ 85281

$475,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $475,000 Last Modified: 7/01/2026

Overview

Description

Great income property for sale! This single-level duplex has such upside potential for rent and very high demand. Each unit includes 2 bedrooms, 1 bathroom, covered parking, tile flooring, and inside laundry. Recent updates include a new hot water heater (2024), newer HVAC units (2020, 2022), and a replaced sewer line connecting to the city. The fenced backyard features a covered patio, storage, and low-maintenance pavers with desert landscaping. Centrally located in Tempe near ASU, Sky Harbor Airport, shopping, dining, entertainment, and public transportation.

Listing Details MLS# 6817231

Location, Tax & Legal

House Number
1552
Compass
W
Street Name
5TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2429
Country
US
County Code
Maricopa
Subdivision
GINNY MAE ESTATES UNIT 1
Assessor Number
124-38-019
Tax Year
2024
Assessor's Map #
38
Legal Description (Abbrev)
LOT 15 GINNY MAE ESTATES UNIT 1 MCR 010643
Assessor's Parcel #
19
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319704
Taxes
1713
Legal
LOT 15 GINNY MAE ESTATES UNIT 1 MCR 010643
Marketing Name
Ginny Mae Estates

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
60x120
Year Built
1971
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R-3R
Flood Zone
No
Elementary School District
Tempe School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
W University Dr & S Priest Dr

Status Change Info

Off Market Date
2025-02-13
Under Contract Date
2025-02-13
Close of Escrow Date
2025-03-14

Legal Info

Township
1N
Range
4E
Section
17
Lot Number
15

More Information

Income Expenses

Gross Annual Sch Inc
23400
Net Operating Income
23400

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
975
Avg SqFt
750
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Duplex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1713
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
23400

Pmt & Rate Info

Cap Rate
4.93
Equity
475000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Carport
Yes
Free
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Concrete; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Separate Storage Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Natural Gas; 2 or More Units Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Garage; Carport; <1 Space Per Unit; Free Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: July - 01 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.