Renovated Quadplex
1321 W 5th St Tempe, AZ 85281
For Sale
$950,000
Four-unit quadplex built in 1970 and renovated in 2023, fully occupied and zoned R-3R for flexible use.
Property Size2,760 SF
Price / SF$344.20
Days on Market34
Property Features for 1321 W 5th St
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Multifamily
Building Details
Year Built
1970
Listing Agency:
(480) 420-4345
Listed By:
Beth Mickley · License #AZ #SA656584000
Source:
7s
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 27 at 4:06AM
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 Beth Mickley
Investment Insights
Based on property information with market context.
This four-unit quadplex totals 2,760 square feet and was built in 1970. The property was renovated in 2023 and is currently fully occupied, providing a turnkey setup for an income-oriented purchase.
Zoned R-3R, the asset is positioned for versatile use within its existing zoning parameters. Offered for sale as a complete, operational multifamily investment, it features a classic building configuration updated by the 2023 renovations.
Zoned R-3R, the asset is positioned for versatile use within its existing zoning parameters. Offered for sale as a complete, operational multifamily investment, it features a classic building configuration updated by the 2023 renovations.
Key Highlights
- 4‑unit quadplex with a 2,760 SF building, built in 1970
- Renovated in 2023
- Fully occupied with 100% occupancy reported
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $22.20 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $58.1k | $21.05 |
| − OpEx | −$17.4k | −$6.31 |
| NOI | $40.7k | $14.73 |
2,760 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.9K
$508.3K – $677.7K
NOI $40,660 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$867.9K
$759.4K – $1.01M
NOI $60,754 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex built in 1970 and renovated in 2023, fully occupied and zoned R-3R for flexible use.
Where is this quadplex located?
The property is located at 1321 W 5th St Tempe, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4‑unit quadplex with a 2,760 SF building, built in 1970; Renovated in 2023; Fully occupied with 100% occupancy reported
