Tempe, AZ 85282,1253 W SOUTHERN Avenue
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Jennifer Vaden

Jennifer Vaden

+1(602) 617-2048
$ 975,000
Est. payment | /mo
Save
$ 975,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Westway Park

MLS Listing ID 6973787

Year Built 1970

Annual Tax Amount $2,670

Tax Year 2025

Lot Dimensions 7,206

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Prime investment opportunity in the heart of Tempe! This centrally located property sits just minutes from ASU, major employers, Tempe Town Lake, Sky Harbor Airport, and multiple freeway access points, making it an exceptionally strong rental location with consistent demand and fully rented! The exterior provides low-maintenance landscaping and ample parking, keeping holding costs low. With Tempe's strong rental rates and historically low vacancy trends, this property offers outstanding cash-flow. Opportunities in this location don't come often—secure a reliable income-producing asset in one of the Valley's most proven rental markets, currently the cap rate is at 9.08%! Immediate income for the new buyer that is ready for cashflow!

Location

State AZ

County Maricopa

Community Westway Park

Area Maricopa

Zoning R-3R

Direction From Priest, east on Southern, the property is right on the corner of Margo and Southern.

Interior

Heating Central

Cooling Heat Pump

Flooring Carpet

Appliance Built-In Range, Dishwasher

Exterior

Parking Features Carport

Community Features No Pool

Roof Type Foam

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Carminati School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 123-42-063

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Disclosures None

Listing Terms No Carry, Conventional, FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Realty ONE Group
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Basis Ahwatukee

    Public | 5 - 10

  • 8

    Hudson Elementary School

    Public | KG - 5

  • 7

    Tempe Academy of International Studies Mckemy Camp

    Public | 6 - 6

  • 7

    Broadmor Elementary School

    Public | KG - 5

  • 7

    Kyrene del Norte Elementary School

    Public | PK - 5

  • 6

    Rover Elementary School

    Public | KG - 6

  • 5

    Nevitt Elementary School

    Public | PK - 5

  • 5

    Wood School

    Public | PK - 5

  • 5

    Carminati School

    Public | KG - 5

  • 5

    Kyrene de los Ninos Elementary School

    Public | PK - 5

  • 5

    Arredondo Elementary School

    Public | KG - 5

  • 4

    South Phoenix Preparatory and Arts Academy

    Public | KG - 4

  • 4

    Frank Elementary School

    Public | PK - 5

  • 4

    Scales Technology Academy

    Public | KG - 5

  • 4

    Aguilar School

    Public | KG - 5

  • 2

    South Valley Preparatory and Arts School

    Public | 5 - 8

  • 2

    Holdeman Elementary School

    Public | PK - 5

  • 0

    Awakening Seed School

    Private | PK - 4

  • 0

    Arizona Cultural Academy & College Preparatory

    Private | PK - 12

  • 0

    Grace Garden Christian Preschool

    Private | PK - TKG

Middle Schools 5
  • 9

    Tempe Preparatory Academy

    Public | 7 - 12

  • 5

    Fees College Preparatory Middle School

    Public | 6 - 8

  • 5

    Grand Canyon College Preparatory Charter School

    Public | 6 - 12

  • 4

    Gililland Middle School

    Public | 6 - 8

  • 0

    New School for the Arts Middle School

    Public | 6 - 8

High Schools 14
  • 6

    Marcos de Niza High School

    Public | 9 - 12

  • 5

    Tempe High School

    Public | 9 - 12

  • 5

    New School for the Arts

    Public | 9 - 12

  • 1

    Skyline Preparatory High School

    Public | 9 - 12

  • 0

    Precision Academy System Charter School

    Public | 9 - 12

  • 0

    Pinnacle High School - Tempe

    Public | 9 - 12

  • 0

    Evit - Compadre High School

    Public | 9 - 12

  • 0

    Compadre High School

    Public | 9 - 12

  • 0

    Tapbi

    Public | 9 - 12

  • 0

    Evit - Tempe High School

    Public | 9 - 12

  • 0

    International Commerce High School - Tempe

    Public | 9 - 12

  • 0

    Humanities and Science High School - Tempe

    Public | 9 - 12

  • 0

    Humanities and Sciences Academy Arizona

    Public | 9 - 12

  • 0

    Evit - Marcos de Niza High School

    Public | 9 - 12

School and business data provided by Attom Data.
Jennifer Vaden

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 617-2048

moveuparizona@gmail.com

6856 W El Cortez Pl, Peoria, AZ 85383, Peoria, Arizona, 85383, USA

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1253 W SOUTHERN Avenue