Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 05/15/2025

1320-1312 W 5th St, Tempe, AZ 85281

$1,025,000

Last sold 05/15/2025 after 73 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
Learn about Tempe's top local Real Estate agents

About 1320-1312 W 5th St

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
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.
Listed by
Listing Agent - James C Stephens
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6830355 • last updated 1 year ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Electric, Heat Pump
Heating Heat Pump, Electric
MLS # 6830355
Type Multiple Dwellings
Status Closed
Property Tax 1408
Year Built 1961
Interior
Flooring Other, Ceramic Tile
Appliances Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision JO-ELLEN HOMES
Community Features Other, See Remarks, No Pool
High School District Tempe Union High School District
APN 124-28-034
Zoning R-2
Directions 202 To Priest To 5th.
Multifamily Details
Total # of Units 4
Expense: Operating 10374
Financial Data Source Owner, Other (See Remarks)
Expense: Maintenance 2360
Vacancy Allowance 0.03
Expense: Insurance 1476
Net Operating Income 66358
Gross Income 79540
Expense: Electric 330
Expense: Other 1606
Expense: Water/Sewer 1954
Gross Scheduled Income 81600
Expense: Gardener 1240
We are not permitted to show value estimates for this property.
  • May 2025
    mls logo MLS # 6830355
  • May 15, 2025 Sold
    $1,025,000 (-6.4%)
  • May 7, 2025 Pending
    —
  • Apr 27, 2025 Active
    —
  • Mar 29, 2025 Price Change
    $1,095,000 (-4.8%)
  • Mar 3, 2025 Listed
    $1,150,000
  • 1320-1312 W 5th St
    $1.02M
  • Downtown Tempe - Rio Salado
    $444K -10% y/y
  • 85281
    $400K -16% y/y
  • Tempe
    $486K -2% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
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.

Around Downtown Tempe - Rio Salado

Explore everything this neighborhood has to offer. Learn more about Downtown Tempe - Rio Salado.
View homes for sale in Downtown Tempe - Rio Salado
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Tempe, AZ

Nearby homes for sale in Tempe, AZ

Newest listings in 85281

  • Real Estate
  • AZ
  • Maricopa County
  • Tempe
  • 85281
  • Downtown Tempe - Rio Salado
  • 1320-1312 W 5th St
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Arizona Multiple Listing Service, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Arizona Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Arizona Multiple Listing Service™ system. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.