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1321 W 5th Street, Tempe, AZ 85281

View property features, location on map, relevant school information and overview from seller's agent.

Listed byDesert Dimensions Properties
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Year built
1970

Utilities

Heating
Natural gas
Cooling
Central air, Ceiling fan(s), Electric
Sewer
Public sewer
Water
Public

Estimated monthly costs

Electricity
$350
Insurance
$2,500

Taxes

Tax Annual Amount (2024)
$2,641

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6885871 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.