1320-1312 W 5th Street, Tempe, AZ 85281
- $1,025,000
- Sold Price
- $1,025,000
- List Price
- $1,095,000
- Closing Date
- May 15, 2025
- Days on Market
- 65
- Status
- CLOSED
- MLS#
- 6830355
- City
- Tempe
- Subdivision
- Jo-Ellen Homes
- Year Built
- 1961
Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
/u.realgeeks.media/scottschulte/logo.png){kind=logo}
Additional Information
- School District
- Tempe Union High School District
- Community Features
- Other, See Remarks, No Pool
- Construction
- Painted, Block
- Cooling
- Electric, Heat Pump
- Electric
- SRP
- Flooring
- Other, Ceramic Tile
- Heating
- Heat Pump, Electric
- New Financing
- Conventional
- Parking Features
- RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Jo-Ellen Homes
- Taxes
- $1,408
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
- Zoning
- R-2
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: West USA Realty.
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.