Map of Property

1321 W 5th St

1321 W 5th St, Tempe, AZ 85281

  • For Sale $1,000,000
  • Property Type Multi-Family
  • Property Size 2,760 SF
  • Units 4
  • Lot Size 0.25 Acre
  • Additional Rent Contact for pricing
  • Year Built 1970
  • Year Renovated 2023
  • Date Updated Aug 22, 2024
Perfectly situated in the heart of Tempe, this prime location offers a thriving urban environment with an array of nearby attractions. Residents of the area enjoy close proximity to the vibrant Mill Avenue District, Tempe Town Lake, and the lively social scene of Downtown Tempe. The property is conveniently located near Arizona State University, providing an excellent opportunity to appeal to students and faculty seeking comfortable, convenient living arrangements. With a wide range of shopping, dining, and recreational options nearby, the area presents an attractive lifestyle proposition for potential tenants, making it an ideal choice for multifamily investment.https://www.flexmls.com/share/AZfxm/1321-W-5TH-ST,-Tempe,-AZ-85281 Presenting an exceptional multifamily investment opportunity in Tempe, AZ. This immaculately-maintained property comprises a 2,760 SF building with 4 units, offering the perfect blend of classic charm and modern convenience. Built in 1970 and thoughtfully renovated in 2023, it aligns with the highest standards of comfort and livability. Zoned R-3R, the property provides flexibility for a variety of uses, maximizing its investment potential. Boasting full occupancy, this turnkey asset ensures immediate, steady returns. Its prime location within the vibrant Tempe area, combined with a host of modern amenities, positions it as an attractive choice for discerning multifamily investors seeking a hassle-free, high-yield acquisition.

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Highlights

  • - 2,760 SF building with 4 units
  • - Built in 1970, renovated in 2023
  • - R-3R zoning for versatile use
  • - Prime location in Tempe, AZ
  • - Fully occupied, ensuring immediate returns
  • - Modern amenities in a classic structure
  • - Attractive to potential multifamily tenants
  • - Turnkey investment opportunity with 100% occupancy

Contacts

broker

Beth Mickley

eXp Commercial

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    90/100 Biker's Paradise
Powered by Walk Score ®
  • City Tempe, AZ
  • Neighborhood Peterson Park
  • Zip Code 85281
  • Market Phoenix

Points of Interest

  • 5th St / Ash Ave

    0.96 miles

  • 3rd St / Ash Ave

    1.00 miles

  • University Dr / Ash Ave

    1.04 miles

  • Tempe Beach Park / Rio Salado Pkwy

    1.11 miles

  • Mill Ave/ 3rd St

    1.13 miles

  • 6th St / Mill Ave

    1.16 miles

  • 3rd St / Mill Ave

    1.18 miles

  • Center Pkwy/ Washington

    1.18 miles

  • Priest Dr/ Washington

    1.18 miles

  • 9th St / Mill Ave

    1.20 miles

  • Shell

    0.26 miles

  • Arco

    0.53 miles

  • QuikTrip

    0.63 miles

  • Blink

    1.16 miles

  • Circle K

    1.49 miles

  • Chevron

    1.67 miles

  • Chevron

    1.99 miles

  • Circle K

    2.26 miles

  • Shell

    2.30 miles

  • Circle K

    2.34 miles

  • Centerpoint

    1.06 miles

  • CVS Parking Lot

    1.17 miles

  • City Hall Visitor's Parking

    1.21 miles

  • Hayden Ferry Lakeside Parking Garage

    1.30 miles

  • East Overflow Lot

    1.33 miles

  • 10th St. Parking Structure

    1.34 miles

  • Gammage Auditorium Parking

    1.36 miles

  • University Towers Parking Structure

    1.38 miles

  • Project Administration Building Parking Garage

    1.46 miles

  • Garage B

    1.49 miles

  • Hyatt Place Tempe/Phoenix Airport

    0.29 miles

  • SpringHill Suites Phoenix/Tempe Airport

    0.33 miles

  • Sonesta Select Tempe Downtown

    0.99 miles

  • La Quinta Inn Phoenix Sky Harbor Airport

    1.02 miles

  • Hampton Inn & Suites Tempe - Phoenix Airport

    1.08 miles

  • Sleep Inn Phoenix Sky Harbor Airport

    1.10 miles

  • Motel 6 Tempe, AZ - Phoenix - Priest Dr

    1.11 miles

  • Hilton Phoenix Airport

    1.13 miles

  • Ambery Phoenix Airport Hotel Tempe

    1.14 miles

  • Comfort Suites Phoenix Airport

    1.16 miles

  • Taco Bell

    0.22 miles

  • Rally's

    0.22 miles

  • Tokyo Stop

    0.28 miles

  • Dunkin'

    0.28 miles

  • Harlow's Cafe

    0.48 miles

  • Cornish Pasty Co.

    0.51 miles

  • Cafe Lalibella

    0.56 miles

  • Arizona Sandwich Company & Catering

    0.59 miles

  • Loving Hut

    0.90 miles

  • Chili's

    0.93 miles

  • Scales Professional Development School

    0.30 miles

  • Gililland Middle School

    0.61 miles

  • Holdeman Elementary School

    1.04 miles

  • Rio Salado College

    1.17 miles

  • Bryan University

    1.23 miles

  • Global Institute of Sustainability

    1.45 miles

  • Tempe High School

    1.48 miles

  • Arizona State University - Tempe Campus

    1.53 miles

  • Student Pavilion

    1.59 miles

  • Arizona State University

    1.85 miles

  • Little Rascals Learning Center

    2.51 miles

  • Little Rascals Learning Center

    2.65 miles

  • Mill Avenue Preschool

    3.06 miles

  • Sunrise Preschool Tempe

    3.53 miles

  • Valley Child Care & Learning Center

    3.91 miles

  • Calvary Christian Preschool & Daycare

    4.61 miles

  • Today’s Tomorrow Learning Center

    4.99 miles

  • Tutor Time

    5.01 miles

  • Kiddie Kampus

    5.08 miles

  • A Nannies

    5.10 miles

Frequently Asked Questions

How much does 1321 W 5th St cost?

The space currently listed for sale at 1321 W 5th St asks for $1,000,000.

What is the total square footage of 1321 W 5th St?

1321 W 5th St totals 2,760 square feet.

When was this property built?

1321 W 5th St was built in 1970.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Beth Mickley

eXp Commercial