405 South Priest Drive (South) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property underwent extensive renovations, enhancing its appeal and functionality. Upgrades include new flooring, countertops, cabinetry, stainless-steel appliances, updated bathrooms, modern light fixtures, new doors, and fresh paint. The property is individually metered for electricity and features a shared laundry room, as well as separate storage areas for each unit. New roof by close of escrow.
Accepting backups
Price cut: $4.9K (5/2)
$845,000
405 S Priest Dr, Tempe, AZ 85281
4beds
1baths
2,660sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$318/sqft
$-- HOA
What's special
Modern light fixturesFresh paintNew flooringUpdated bathroomsNew doorsStainless-steel appliances
- 248 days
- on Zillow |
- 233 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: May 27, 2025 at 10:54am
Listed by:
Bryce Neagle 602-714-8931,
ABI Multifamily,
Andrew Arambula 602-714-8994,
ABI Multifamily
Source: ARMLS,MLS#: 6740390

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
Heating
- Individual, Electric
Cooling
- Electric, Individual
Appliances
- Included: Built-In Range, Disposal, Refrigerator
Features
- Flooring: Vinyl
Interior area
- Total structure area: 2,660
- Total interior livable area: 2,660 sqft
Property
Parking
- Total spaces: 12
- Parking features: Other
- Uncovered spaces: 12
Lot
- Size: 6,611 Square Feet
- Dimensions: 6611 sqft
Details
- Parcel number: 12428031B
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1961
Utilities & green energy
- Electric: Individual Meter
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: Other
- Subdivision: JO-ELLEN HOMES
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $710,300
- Annual tax amount: $1,930
- Date on market: 10/5/2024
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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