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Sandra Baldwin

Realtor - Co-Founder at Launch Real Estate

  • Office (602) 397-4300
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1253 W Southern Avenue, Tempe, AZ – $975,000

  • $975k Price
  • $975k Price

1253 W Southern Avenue

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!

Essential Information

  • MLS® #6973787
  • Price$975,000
  • Year Built1970
  • TypeMultiple Dwellings
  • StatusActive

Community Information

  • Address1253 W Southern Avenue
  • SubdivisionWESTWAY PARK
  • CityTempe
  • CountyMaricopa
  • StateAZ
  • Zip Code85282

Amenities

  • AmenitiesNo Pool
  • Parking Spaces4
  • ParkingCarport

Interior

  • AppliancesBuilt-In Range, Dishwasher
  • HeatingCentral
  • CoolingHeat Pump

Exterior

  • RoofFoam
  • ConstructionPainted, Block

School Information

  • ElementaryCarminati School
  • MiddleConnolly Middle School
  • HighTempe High School

District

Tempe Union High School District

Additional Information

  • ZoningR-3R

Listing Details

  • OfficeRealty ONE Group
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Realty ONE Group.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on March 5th, 2026 at 11:37am MST.