1145 W Southern Ave | Image 1
1145 W Southern Ave | Image 2
1145 W Southern Ave | Image 3
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1145 W Southern Ave | Image 7

$940,000

8 months ago

0 Bed

0 Bath

--

10 Parking

MLS® 6888728

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees $3,000
Taxes $2,779
Days Active 235
Approx. Age 1970
MLS® Number 6888728

Property Address: 1145 W Southern Ave, Tempe, AZ, 85282-4528

Average square foot calculated using Size range provided by listing 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 gigantic 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.
MLS® Number6888728
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 4, 2025List Date
$940,000List Price
  • Commute

Commute

Starting Address
Destination Address
1145 W Southern Ave, Tempe, AZ

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