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Sold on 04/02/2019

1027 W 5th St, Tempe, AZ 85281

  • $1,800,000

    Last sold 04/02/2019 after 430 Days

  • 38

    bed

  • 21

    bath

Multi-family not for sale
11 homes bought nearby with Movoto recently

About 1027 W 5th St

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Property description
Hard to find property in Coveted Tempe minutes from ASU. Many new zonings & improvements in area lots of new luxury condos nearby. Three adjacent lots 1.43 Acres must sell together (APN 124-36-013, APN 124-36-014,and APN 124-36-016) currently zoned R-3 up to 28. Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.
Listed by
Listing Agent - Robert Burk
Listing Office - Desert 2 Mountain Realty
Source: ARMLS mls logo
MLS#5715626 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Evaporative Cooling, Window/Wall Unit
Heating Window/Wall Unit(s), Electric, Natural Gas, Floor Furnace, Wall Furnace
MLS # 5715626
Type Multiple Dwellings
Status Closed
Property Tax 4626
Year Built 1955
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Appliances Built-In Range, Refrigerator
Exterior
Roof Composition
Construction Brick Veneer, Wood Frame, Siding, Painted, Stucco, Block, Brick
Parking Paved, <1 Space Per Unit
# of Open Parking Spaces 26
# of Covered Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Scales Technology Academy
Elementary School District Tempe Elementary School District
High School Tempe High School
APN 124-36-016
Zoning R3
Directions S On Hardy Rt @ 530 S Drive Goes Through Properties & Exits Between 1007 & 1027 W 5th St
Multifamily Details
Total # of Units 17
Expense: Operating 38091.87
Financial Data Source Owner
Expense: Maintenance 3560.6
Expense: Insurance 3635.32
Net Operating Income 88005
Gross Income 86539.42
Expense: Electric 282.13
Expense: Professional Management 18000
Expense: Water/Sewer 7823.82
Gross Scheduled Income 86539.42
We are not permitted to show value estimates for this property.
  • Apr 2019
    mls logo MLS # 5715626
  • Apr 2, 2019 Sold
    $1,800,000 (-10.0%)
  • Jan 27, 2018 Listed
    $2,000,000
  • 1027 W 5th St
    $1.8M
  • Downtown Tempe - Rio Salado
    $465K -8% y/y
  • 85281
    $450K -8% y/y
  • Tempe
    $485K -3% y/y
No chart available
Statistics calculated by Movoto

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3/10
Scales Technology Academy
public Grades PK, K-5
Tempe School District
2/10
Geneva Epps Mosley Middle School
public Grades 6-8
Tempe School District
4/10
Tempe High School
public Grades 9-12
Tempe Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
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  • Downtown Tempe - Rio Salado
  • 1027 W 5th St
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