1145 West SOUTHERN Avenue Tempe, AZ 85282

$930,000
$930,000
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DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026!Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization.The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.

DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026!Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization.The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.

  • Neighborhood
  • Type
  • County
    Maricopa
  • Area
    Tempe
  • Tax Amount
    $2,779
  • Status
    Active
  • Listing #
    6888728
  • Built
    1970
  • Listed on site
    327 days

Listed by:
Realty ONE Group

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Apr 7, 20262 mos agoPrice decreased5,000 (1%)$930,000
Mar 16, 20263 mos agoPrice decreased5,000 (1%)$935,000
Feb 20, 20263 mos agoPrice decreased10,000 (1%)$940,000
Jan 1, 20265 mos agoPrice decreased15,000 (2%)$950,000
Nov 4, 20257 mos agoPrice decreased10,000 (1%)$965,000
Aug 18, 202510 mos agoPrice decreased20,000 (2%)$975,000
Jul 22, 202511 mos agoPrice decreased5,000 (1%)$995,000
Jul 11, 202511 mos agoNew on market$1,000,000
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