1321 W 5th St Tempe, AZ 85281
Sunset NeighborhoodEstimated payment $5,209/month
Total Views
1,708
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceiling Fan
- Heating System Uses Natural Gas
- Ceramic Tile Flooring
About This Home
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.
Listing Agent
Desert Dimensions Properties License #BR574541000 Listed on: 06/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,641
Year Built
- Built in 1970
Home Design
- Built-Up Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Over 1 Space Per Unit
- Assigned Parking
Schools
- Scales Technology Academy Elementary School
- Geneva Epps Mosley Middle School
- Tempe High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Additional Features
- Ceiling Fan
- Property fronts an alley
Listing and Financial Details
- Tax Lot 38
- Assessor Parcel Number 124-37-004-F
Community Details
Overview
- 4 Units
- Building Dimensions are 11326
Building Details
- Operating Expense $15,211
- Gross Income $4,490
- Net Operating Income $53,880
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,641 | $23,577 | -- | -- |
| 2024 | $2,609 | $22,454 | -- | -- |
| 2023 | $2,609 | $73,850 | $14,770 | $59,080 |
| 2022 | $2,503 | $58,520 | $11,700 | $46,820 |
| 2021 | $2,520 | $49,270 | $9,850 | $39,420 |
| 2020 | $2,444 | $43,470 | $8,690 | $34,780 |
| 2019 | $2,397 | $35,220 | $7,040 | $28,180 |
| 2018 | $2,338 | $28,910 | $5,780 | $23,130 |
| 2017 | $2,268 | $24,980 | $4,990 | $19,990 |
| 2016 | $2,252 | $23,830 | $4,760 | $19,070 |
| 2015 | $2,163 | $23,560 | $4,710 | $18,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $899,000 | +76.3% | -- |
| 01/21/2019 01/21/19 | Sold | $510,000 | -2.8% | $185 / Sq Ft |
| 12/18/2018 12/18/18 | For Sale | $524,900 | +40.0% | $190 / Sq Ft |
| 04/25/2017 04/25/17 | Sold | $375,000 | -5.1% | $136 / Sq Ft |
| 04/07/2017 04/07/17 | For Sale | $395,000 | -- | $143 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $510,000 | American Title Service Agenc | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $375,000 | Security Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $266,000 | New Conventional |
Source: Public Records
About the Listing Agent
Joseph Maggiore, Owner and Designated Broker of Desert Dimensions Properties, brings unmatched entrepreneurial drive and real estate expertise to every client interaction. A third-generation real estate professional, Joe’s career is built on a foundation of success, from scaling a startup to over $1M in annual sales by age 20 to growing another company’s revenue by 500% in just 14 months.
Joe transitioned to his true passion—Arizona real estate—in 2006, quickly rising to the top 25% of
Joseph's Other Listings
-
$343,500 Sold Aug 15, 2024
- 2 Beds
- 2 Baths
- 1,059 Sq Ft
- 4925 E Desert Cove Ave
- Unit 233
- Scottsdale, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6885871
APN: 124-37-004F
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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