Sold for $1,025,000

$1,025,000

1320-1312 W 5TH Street, Tempe, AZ 85281

8beds

4baths

3,288sqft

Multi Family

Built in 1961

-- sqft lot

$1,008,500 Zestimate^®

$312/sqft

$1,264 Estimated rent

Home value

$1,008,500

$918,000 - $1.11M

$1,264/mo

Zestimate^® history

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$1,264/mo

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$5,800/mo

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$5,800/mo

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What's special

Carport parkingGorgeous desert landscapingPretty central courtyardFenced front yardsPrivate back patios

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Heat Pump, Electric

Cooling

Electric, Heat Pump

Appliances

Included: Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Washer/Dryer

Features

Flooring: Other, Ceramic Tile

Interior area

Total structure area: 3,288
Total interior livable area: 3,288 sqft

Property

Parking

Total spaces: 8
Parking features: RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
Has carport: Yes
Covered spaces: 4
Uncovered spaces: 4

Lot

Size: 0.38 Acres
Dimensions: .384 acres

Details

Parcel number: 12428034
Zoning: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1961

Utilities & green energy

Electric: SRP
Sewer: Public Sewer
Water: City Franchise

Community & HOA

Community

Features: Other, See Remarks, No Pool
Subdivision: JO-ELLEN HOMES

Location

Region: Tempe

Financial & listing details

Price per square foot: $312/sqft
Annual tax amount: $1,408
Date on market: 9/20/2025
Cumulative days on market: 63 days
Listing terms: Conventional
Ownership: Fee Simple
Electric utility on property: Yes

Price history

Date	Event	Price
5/15/2025	Sold	$1,025,000-6.4%$312/sqft
Source: ARMLS #6830355 Report a problem
5/7/2025	Pending sale	$1,095,000$333/sqft
Source: ARMLS #6830355 Report a problem
3/29/2025	Price change	$1,095,000-4.8%$333/sqft
Source: ARMLS #6830355 Report a problem
3/5/2025	Listed for sale	$1,150,000$350/sqft
Source: ARMLS #6830355 Report a problem