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$975,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
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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!

Full Property Details for 1253 W Southern Ave

General

  • Price: $975,000
  • Taxes: $2,670 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6973787
  • Updated: 2/17/2026
  • Added to Site: 70 day(s) ago

Interior

  • Appliances: Built-In Range, Dishwasher
  • Flooring: Carpet, Vinyl

Parking

  • Parking Features: Carport

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: WESTWAY PARK
  • Cross Streets: Southern & Priest

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Central

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 4
  • Exterior Const.: Painted, Block
  • Roof: Foam
  • Year Built: 1970

Lot Features

  • Lot Dimensions: 7206
  • Frontage: Asphalt
  • Zoning: R-3R

Financial Considerations

  • Tax Amount: $2,670
  • Tax Year: 2025
  • Terms: No Carry, Conventional, FHA, VA Loan
  • Owner Pays: Trash Collection, Water

Disclosures and Reports

  • Legal Description: WESTWAY PARK
  • Property ID: 123-42-063
  • Range: 4E
  • Section: 33

Listed by Realty ONE Group

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Listing agent

— 1253 W Southern Ave —

  • Realty ONE Group

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1253 W Southern Ave

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Carminati Elementary School
4001 South McAllister Avenue, Tempe, AZ 85282
PK-51.7 mi
Geneva Epps Mosley Middle School
1025 South Beck Avenue, Tempe, AZ 85281
6-81.7 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1253 W Southern Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2026
Listed
$975,000
153.25%
MLS
11/01/2005
Sold
$385,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1253 W Southern Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,670
7%
$79,450
5%
2024
$2,495
1%
$75,330
-4%
2023
$2,465
4%
$78,630
20%
2022
$2,364
—
$65,510
39%
2022
$2,364
-1%
$47,060
29%
2021
$2,381
3%
$36,450
15%
2020
$2,309
2%
$31,620
25%
2019
$2,265
3%
$25,250
-9%
2018
$2,208
3%
$27,810
15%
2017
$2,143
1%
$24,100
7%
2016
$2,128
4%
$22,610
-2%
2015
$2,044
-10%
$23,020
26%
2014
$2,263
32%
$18,310
63%
2013
$1,713
—
$11,260
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1253 W Southern Avenue, Tempe, AZ 85282 (MLS# 6973787) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1253 W Southern Avenue is currently listed for $975,000 and was received on January 23, 2026. Want to learn more about 1253 W Southern Avenue? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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