Seller's Agent in 2025
Joseph Maggiore
Desert Dimensions Properties
(480) 270-5355
1 in this area
65 Total Sales
1321 W 5th St Tempe, AZ 85281
Sunset Neighborhood
--
Bed
--
Bath
2,760
Sq Ft
1970
Built
Highlights
- Cooling Available
- Ceiling Fan
- Heating System Uses Natural Gas
- Ceramic Tile Flooring
About This Home
As of September 2025Incredible 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.
Last Agent to Sell the Property
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
- The owner pays for trash collection, water, sewer, landscaping
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2025
Closed on
Aug 20, 2025
Sold by
Spagg Properties Llc
Bought by
Coburn Llc
Seller's Agent
Joseph Maggiore
Desert Dimensions Properties
Buyer's Agent
Christine Boyko
West USA Realty
List Price
$899,000
Sold Price
$827,000
Premium/Discount to List
-$72,000
-8.01%
Views
365
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5485.41%
Purchase Details
Closed on
Aug 29, 2022
Sold by
Bennet J Spagg Testamentary Trust
Bought by
Spagg Properties Llc
Purchase Details
Listed on
Dec 18, 2018
Closed on
Jan 17, 2019
Sold by
1321 5Th St Llc
Bought by
Spagnola Terry and The Bennet J Spagg Trust
Seller's Agent
Joanna Crane
Sterling Fine Properties
Buyer's Agent
Beth Mickley
eXp Realty
List Price
$524,900
Sold Price
$510,000
Premium/Discount to List
-$14,900
-2.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Purchase Details
Closed on
May 10, 2018
Sold by
Crane Joshua and Crane Joanna
Bought by
1321 5Th St Llc
Purchase Details
Listed on
Apr 8, 2017
Closed on
Apr 19, 2017
Sold by
Butler William Elvin
Bought by
Crane Joshua and Crane Joanna
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Joanna Crane
HomeSmart
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Purchase Details
Closed on
Sep 4, 2002
Sold by
Butler William Elvin
Bought by
Butler William Elvin and William Elvin Butler Amended Revocable T
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | Sold | $827,000 | -8.0% | $300 / Sq Ft |
| 08/20/2025 08/20/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | For Sale | $899,000 | +76.3% | $326 / Sq Ft |
| 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)
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Joseph Maggiore
-
Christine Boyko
Buyer's Agent in 2025
Christine Boyko
West USA Realty
(602) 882-1552
1 in this area
7 Total Sales
-
J
Seller's Agent in 2019
Joanna Crane
Sterling Fine Properties
-
B
Buyer's Agent in 2019
Beth Mickley
eXp Realty
-
Sophia Baron
Seller's Agent in 2017
Sophia Baron
Grace CRE
(480) 375-0227
84 Total Sales
-
Baylee Estrada
B
Seller Co-Listing Agent in 2017
Baylee Estrada
Keller Williams Arizona Realty
(480) 688-8444
Map
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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