Back 1321 W 5th St
Off Market

1321 W 5th St

Tempe AZ 85281

8
Multi-Family
Last sold for $827,000
Joseph MaggioreJoseph Maggiore, last sold this property on 19 September 2025 after 83 days on market.

Overview

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.

Features

8 carspaces
4 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Tempe over the last 12 months, the estimated median property value of 1321 W 5th St is $700k.

Median value
$700k
Estimated value range
$480k - $2.4m
Median days on market
69
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Tempe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1321 W 5th St

2025
Sold
$827,000
19 Sep 2025 by Joseph Maggiore, of Desert Dimensions Properties

Happy sellers in Tempe

95%
95% of sellers in Tempe reported that their sale price either exceeded or met their price expectations.

Tempe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Tempe over the last 12 months.

Local market activity for multi families in Tempe

In the last 12 months, 18 multi families similar to 1321 W 5th St, have been sold.

This represents a 26% decrease in multi families sales when compared to the previous 12 months.

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