1253 W SOUTHERN Avenue, Tempe, AZ 85282
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1253 W SOUTHERN Avenue, Tempe, AZ 85282
1253 W SOUTHERN Avenue, Tempe, AZ 85282
1253 W SOUTHERN Avenue, Tempe, AZ 85282
1253 W SOUTHERN Avenue, Tempe, AZ 85282
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Stephanie Morales

Stephanie Morales

+1(480) 518-5523
$ 975,000
Est. payment /mo
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1253 W SOUTHERN Avenue Tempe, AZ 85282

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Westway Park

MLS Listing ID 6973787

Year Built 1970

Annual Tax Amount $2,670

Tax Year 2025

Lot Dimensions 7,206

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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!

Location

State AZ

County Maricopa

Community Westway Park

Area Maricopa

Zoning R-3R

Direction From Priest, east on Southern, the property is right on the corner of Margo and Southern.

Interior

Heating Central

Cooling Heat Pump

Flooring Carpet

Appliance Built-In Range, Dishwasher

Exterior

Parking Features Carport

Community Features No Pool

Roof Type Foam

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Carminati School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 123-42-063

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Disclosures None

Listing Terms No Carry, Conventional, FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Realty ONE Group • Erin M Woodruff

NEARBY SCHOOLS & PROPERTIES

Stephanie Morales

Stephanie Morales

Agent

+1(480) 518-5523

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