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$1,025,000
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Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
Full Property Details
Full Property Details for 1320-1312 W 5th St
General
- Sold For: $1,025,000
- HOA FEE: $2,360
- Taxes: $1,408 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6830355
Property History
- 1320-1312 W 5th St, Tempe, AZ
- Sold $1,025,000 on 5/15/25
- Price Reduced $1,095,000 on 3/29/25
- Listed $1,150,000 on 3/5/25
Interior
- Flooring: Other, Ceramic Tile
Parking
- Covered Spaces: 4
- Total Spaces: 8
- Parking Features: RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
Location
- County: Maricopa
- Township: 1N
- Subdivision: JO-ELLEN HOMES
- Cross Streets: Priest and Rio Salado
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric, Heat Pump
- Heating Type: Heat Pump, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Painted, Block
- Roof: Composition
- Year Built: 1961
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: .384 acres
- Frontage: Asphalt, Dedicated Street
- Zoning: R-2
Financial Considerations
- Maint. Fee/Month: $2,360
- Tax Amount: $1,408
- Tax Year: 2024
- Terms: Conventional
- Owner Pays: Water, Sewer, Landscaping
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: LOT 11 JO-ELLEN HOMES MCR 008904
- Property ID: 124-28-034
- Range: 4E
- Section: 16
- Lot Number: 11
Listed by Better Homes & Gardens Real Estate SJ Fowler
Sold by West USA Realty
Get Pre-Approved Today
1320-1312 W 5th Street, Tempe, AZ 85281 (MLS# 6830355) is a Multi-Family property that was sold at $1,025,000 on May 15, 2025. Want to learn more about 1320-1312 W 5th Street? 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.

