Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe Town Lake, major freeways (Loop 202, 101 & I-10) and multiple bus lines. Quick access to top area employers like State Farm, ADP, Amazon, and Wells Fargo. Covered and uncovered parking at rear of property and shared laundry facility on site. Plus, room to add Tenant value with some interior and exterior cosmetic updates, reflected in list price. This property offers strong value in one of the Valley's most sought-after rental markets.
Sold for $827,000
$827,000
1321 W 5th Street, Tempe, AZ 85281
8beds
4baths
2,800sqft
Multi Family
Built in 1970
-- sqft lot
$949,600 Zestimate®
$295/sqft
$1,411 Estimated rent
Home value
$949,600
$845,000 - $1.06M
$1,411/mo
Zestimate® history
Owner options
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$1,411/mo
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$1,411/mo
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$4,666/mo
Est. payment
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$4,666/mo
Est. payment
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List your homeWhat's special
Covered and uncovered parking
Zillow last checked:
Listing updated:
Listed by:
Joseph A Maggiore 602-418-2473,
Desert Dimensions Properties
Bought with:
Christine R Boyko, SA514758000
West USA Realty
Source: ARMLS,MLS#: 6885871
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Refrigerator, Free-Standing Electric Oven
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, >1 Space Per Unit
- Covered spaces: 4
- Uncovered spaces: 4
Lot
- Size: 0.26 Acres
- Dimensions: 11326
Details
- Parcel number: 12437004F
- Zoning: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Stucco, Block
- Roof: Built-Up
Condition
- Year built: 1970
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Tempe
Other
Other facts
- Listing terms: No Carry,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $827,000-8%$295/sqft |
Source:  ARMLS #6885871 Report a problem | ||
| 8/20/2025 | Pending sale | $899,000$321/sqft |
Source: ARMLS #6885871 Report a problem | ||
| 6/27/2025 | Listed for sale | $899,000-5.4%$321/sqft |
Source: ARMLS #6885871 Report a problem | ||
| 12/13/2024 | Listing removed | $950,000$339/sqft |
Source: ARMLS #6718601 Report a problem | ||
| 10/1/2024 | Price change | $950,000-5%$339/sqft |
Source: ARMLS #6718601 Report a problem | ||
| 6/13/2024 | Listed for sale | $1,000,000+96.1%$357/sqft |
Source: ARMLS #6718601 Report a problem | ||
| 1/21/2019 | Sold | $510,000-2.8%$182/sqft |
Source: ARMLS #5858622 Report a problem | ||
| 12/18/2018 | Listed for sale | $524,900+40%$187/sqft |
Source: Sterling Fine Properties #5858622 Report a problem | ||
| 4/25/2017 | Sold | $375,000-5.1%$134/sqft |
Source: Public Record Report a problem | ||
| 4/12/2017 | Pending sale | $395,000$141/sqft |
Source: S. J. Fowler Real Estate, Inc. #5587345 Report a problem | ||
| 4/8/2017 | Listed for sale | $395,000$141/sqft |
Source: S. J. Fowler Real Estate, Inc. #5587345 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,814 +7% | $75,980 -5.3% |
| 2024 | $2,630 +1.2% | $80,210 +275.1% |
| 2023 | $2,599 +3.8% | $21,385 -63.5% |
| 2022 | $2,503 +2.4% | $58,520 +18.8% |
| 2021 | $2,444 +1.9% | $49,270 +13.3% |
| 2020 | $2,397 +2.5% | $43,470 +23.4% |
| 2019 | $2,338 | $35,220 +21.8% |
| 2018 | $2,338 +3.1% | $28,910 +15.7% |
| 2017 | $2,268 +4.9% | $24,980 +4.8% |
| 2016 | $2,163 -9.5% | $23,830 +1.1% |
| 2015 | $2,389 | $23,560 +22.3% |
| 2014 | -- | $19,260 +61% |
| 2013 | -- | $11,960 +0.9% |
| 2012 | -- | $11,850 -19.8% |
| 2011 | -- | $14,770 -19.8% |
| 2010 | -- | $18,420 -34.3% |
| 2009 | -- | $28,030 -1.5% |
| 2008 | -- | $28,450 +21.1% |
| 2007 | -- | $23,500 +56.7% |
| 2006 | -- | $15,000 |
| 2005 | -- | $15,000 +11.5% |
| 2004 | -- | $13,450 |
| 2003 | -- | $13,450 +25.1% |
| 2002 | -- | $10,750 |
Find assessor info on the county website
Neighborhood: Sunset
Nearby schools
GreatSchools rating
- 4/10Scales Technology AcademyGrades: PK-5Distance: 0.3 mi
- 2/10Geneva Epps Mosley Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Tempe High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Scales Technology Academy
- Middle: Geneva Epps Mosley Middle School
- High: Tempe High School
- District: Tempe School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$949,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$949,600
- Arizona
- Maricopa County
- Tempe
- 85281
- Sunset
- 1321 W 5th Street
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