Property 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.
Features
: Heat Pump
: Ceiling Fan(s), Central Air
: Foam
: Assigned, >1 Space Per Unit, Add'l Parking Avail, Paved, Carport
Address Map
US
AZ
Maricopa
Tempe
85282
SOUTHERN
1145
Avenue
0
W112° 2' 36.2''
N33° 23' 33.1''
MLS Addon
From Priest, east on Southern. Property located on
Tempe High School
Tempe School District
Tempe Union High School District
WESTWAY PARK
No Pool
Painted,Block
Carpet,Vinyl
Public Sewer
City Franchise
$0
5
$0
02/20/2026 17:16:28

Multiple Dwellings

1145 SOUTHERN Avenue, Tempe, Arizona 85282

0 Bedrooms
0 Bathrooms
0 Sqft
$935,000
MLS ID #6888728
Listing Broker: Citiea
Listing Agent: Bejan Parivar
Basic Details
Property Type : Multiple Dwellings
Status : Active
Listing Type : For Sale
MLS ID : 6888728
Listing Broker : Citiea
Listing Office Phone : 480-870-3119
Listing Agent : Bejan Parivar
Price : $935,000
Mthly Rate Hi Season : $0
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1970
Lot Area : 0 Sqft
Status : Active
Professional Representation
SLOAN REALTY ASSOCIATES
3100 W RAY RD, STE 201 CHANDLER, AZ 85226
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