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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1145 W SOUTHERN Avenue in Tempe, AZ is listed for $930,000. Built in 1970, on a N/A lot.

Agent Description

DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential.

This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization. The property reflects true pride of ownership and is primed for seamless operation.

Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gig

antic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.

Key Features

  • Built in 1970

Property Details

1970

Amenities

A/C

Monthly Cost Estimate

$4,974/mo

20% down · 6.5% · 30 years

Principal$673
Interest$4,030
Insurance$271

Estimates only. Actual payments may vary.

Location

1145 W SOUTHERN Avenue

Tempe, AZ 85282

WESTWAY PARK

Property Details

Flooring

VinylCarpet

Construction

Painted Block

Parking

CarportAssigned

Heating

Heat Pump (Heating)

Cooling

Ceiling Fan(s)Central Air

Appliances

Built-In RangeDisposalRefrigeratorMicrowaveWasher/Dryer

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1145 W SOUTHERN Avenue is listed at $930,000. The estimated monthly payment is $4,030 based on 20% down at 6.5% interest.

Key features include: Built in 1970.

This property is listed by Bejan Parivar and can be reached at 6264375604 or bparivar@citiea.com.

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BP

Bejan Parivar

Agent at Citiea

(626) 437-5604

Listed by Citiea

MLS# 6888728· Source: listhub· Updated 280 days ago

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.

1145 W SOUTHERN Avenue, Tempe, AZ 85282

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