Four-Unit Multifamily
For Sale
$975,000
1253 West Southern Avenue, Tempe, AZ 85282
Fully leased residential income asset with R-3R zoning and central heating and cooling.
Property SizeContact for details
Days on Market220
Property Features for 1253 West Southern Avenue
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
R-3R
Occupancy
100%
Net Operating Income
$88,560
Additional Details
Cap Rate
9.08%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,670
Amenities
Heat Pump
Central
Carpet, Vinyl
Yes
0.0
Foam
No Pool
4
Painted, Block
Building Details
Year Built
1970
Listing Agency:
Just Referrals Real Estate
(480) 722-9800
Listed By:
Erin M Woodruff · License #SA641733000
(480) 722-9800
Source:
Compass
Added: Jan 23
Changed: Aug 30
Last Checked: Aug 30 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Just Referrals Real Estate
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1970 and is fully leased. The building includes central heating and cooling, carpet and vinyl flooring, foam exterior treatment, and painted block construction. The property also has no pool and carries R-3R zoning.
Located at 1253 West Southern Avenue in Tempe, Arizona, the property is near Arizona State University, Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. The asset reports a 9.08% cap rate and provides an established residential income configuration in a central Tempe setting.
Located at 1253 West Southern Avenue in Tempe, Arizona, the property is near Arizona State University, Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. The asset reports a 9.08% cap rate and provides an established residential income configuration in a central Tempe setting.
Key Highlights
- Four‑unit multifamily property built in 1970
- Fully leased residential income asset
- 9.08% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential income asset with R-3R zoning and central heating and cooling.
Where is this quadplex located?
The property is located at 1253 West Southern Avenue Tempe, AZ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1970; Fully leased residential income asset; 9.08% cap rate
