1145 W SOUTHERN Avenue, Tempe, AZ 85282 (MLS# 6888728)

1145 W SOUTHERN Avenue, Tempe, AZ 85282

$950,000

Property Type: Multiple Dwellings Status: Active

Current Price: $950,000 List Date: 7/11/2025 Last Modified: 1/01/2026

Description

DO NOT DISTURB TENANTS. Rarely available and meticulously maintained Tempe 4-plex with exceptional visibility directly on Southern Ave. Each 2-bed, 1-bath unit is spacious and on month-to-month leases, offering immediate upside on below-market rents. Pride of ownership shows with major recent upgrades including new ABS plumbing, newer roof, updated ACs, fresh paint, modern appliances, and finishes. Property features covered parking, laundry hookups (with coin-op potential), and sits on a low-maintenance xeriscaped lot—one of the largest among neighboring 4-plexes at nearly 11,000 sq ft. Centrally located near shopping, dining, trails, and major freeways. Strong fundamentals and value-add potential for any investor.

More Information MLS# 6888728

Contract Info

Ownership: Fee Simple Current Price: $950,000 List Price: $950,000 Status: Active List Date: 2025-07-04

Location, Tax & Legal

Assessor's Map #: 42 Legal Description (Abbrev): WESTWAY PARK Assessor's Parcel #: 72 Add'l Parcels: No Tax Municipality: Tempe Census Tract: 319705 Taxes: 2779 Tax District: T Legal: WESTWAY PARK Marketing Name: 1145 W Southern House Number: 1145 Compass: W Street Name: SOUTHERN St Suffix: Avenue City/Town Code: Tempe State/Province: AZ Zip Code: 85282 Zip4: 4528 County Code: Maricopa Subdivision: WESTWAY PARK Assessor Number: 123-42-072 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 5 Lot Size Dimensions: 106x125 Flood Zone: No Total # of Units: 4 Elementary School District: Tempe School District High School District: Tempe Union High School District High School: Tempe High School Year Built: 1970 Zoning: R-3R

Project Type

Four Plex: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Foam: 1

Floors

Vinyl: 1 Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Maint Exp: 3000 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 5779 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 58596 Total Monthly Rental Income: 5140

Pmt & Rate Info

Cap Rate: 5.9 Equity: 995000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Heat Pump: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Exterior Amenities

Desert Landscaping: 1 Partially Fenced: 1 Separate Storage: 1

Interior Features

Fire/Smoke Alarm(s): 1 Mini Blinds: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1 >1 Space Per Unit: 1 Paved: 1 Add'l Parking Avail: 1 Assigned: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1285 Avg SqFt: 750 # Baths: 4

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Southern & Priest Directions: From Priest, east on Southern. Property located on the SE corner of Southern and S Shafer Dr. Geo Lat: 33.392536 Geo Lon: -111.956612

Legal Info

Lot Number: 072

Income Expenses

Gross Annual Sch Inc: 61680 Net Operating Income: 58680

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Foam Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Citiea

Last Updated: January - 01 - 2026