Garden-Style 10-Plex
425-427 West 5th Street Tempe, AZ 85281
425-427 West 5th Street, Tempe, AZ, 85281
$1,700,000
For Sale
$1,700,000
Garden-style 10-plex with studio to 1-2 bedroom units, offering an operator the chance to reposition a low-maintenance asset.
Days on Market79
Property Features for 425-427 West 5th Street
General Information
- Standard status
- Active
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1957
Listing Agency
Tierra Antigua Realty, LLC
(520) 336-2456
Listed by
Patrick Teske · License #BR505976000
(520) 336-2456
Source
Compass
Added: Apr 30 Checked: Jul 15 at 8:57 pm
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 Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This garden-style 10-plex in Tempe features eight studios averaging approximately 388 square feet, along with 1-bedroom units averaging approximately 550 square feet and 1/2-bedroom units averaging approximately 750 square feet. The property is of block construction, with building years noted as 1957 and 1963, and it is presented as an ownership-ready multifamily asset with pride of ownership referenced by the current management.
The property is located at 425-427 West 5th Street, Tempe, AZ 85281, with an additional address noted as 511 S. Wilson St. The public remarks indicate it is a short distance to the ASU Main Campus and near major access routes including the 202 Freeway, as well as Sky Harbor Airport and a variety of restaurants and attractions.
From a tenant and operator standpoint, the unit mix supports a range of household needs, from smaller studio layouts to larger 1/2-bedroom configurations. With the block-built, garden-style design and multiple unit sizes already in place, this property may appeal to buyers and investors seeking a straightforward residential income asset and a practical repositioning opportunity based on the configuration described in the offering materials.
The property is located at 425-427 West 5th Street, Tempe, AZ 85281, with an additional address noted as 511 S. Wilson St. The public remarks indicate it is a short distance to the ASU Main Campus and near major access routes including the 202 Freeway, as well as Sky Harbor Airport and a variety of restaurants and attractions.
From a tenant and operator standpoint, the unit mix supports a range of household needs, from smaller studio layouts to larger 1/2-bedroom configurations. With the block-built, garden-style design and multiple unit sizes already in place, this property may appeal to buyers and investors seeking a straightforward residential income asset and a practical repositioning opportunity based on the configuration described in the offering materials.
Key Highlights
- Garden‑style 10‑plex in Tempe’s Orth Subdivision with 10 total units in 3 buildings
- Unit mix: 8 studios (~388 SF), 1/1‑bed (~550 SF), and 1/2‑bed (~750 SF)
- Block construction with roofs including composition and built‑up roofing; buildings constructed in 1957 and 1963
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Garden-style 10-plex with studio to 1-2 bedroom units, offering an operator the chance to reposition a low-maintenance asset.
Where is this apartment building located?
The property is located at 425-427 West 5th Street Tempe, AZ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Garden‑style 10‑plex in Tempe’s Orth Subdivision with 10 total units in 3 buildings; Unit mix: 8 studios (~388 SF), 1/1‑bed (~550 SF), and 1/2‑bed (~750 SF); Block construction with roofs including composition and built‑up roofing; buildings constructed in 1957 and 1963
