1005 E 8TH Street 2003, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Rare 4-Bedroom End-Unit Condo is a Strong Value Opportunity, listed at $400,000—positioned well below the $423,981 Fair Market Value by 5%. This valuation gap provides $23,981 in Instant Equity. Featuring a Condition Rating of 3, the home is move-in ready with granite countertops and a spacious patio offering mountain views. Its proximity to the ASU campus and Light Rail ensures high rental demand. This is an optimal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 E 8TH Street 2003 Subject | $400,000* List Price | 4 | 2 | 1,209 | $351 | - |
A 21 E 6TH Street 611 Active Under Contract | $449,900 List Price | 2 | 2 | 1,173 | $384 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring key updates such as granite countertops, stainless steel appliances, and fresh neutral paint. Built in 2002, the home shows minimal wear and tear with functional systems and 'tile in all the right places.' While the cabinetry and layout reflect the original construction era, the recent cosmetic updates and overall cleanliness meet the criteria for a good condition score.
Situated within walking distance of the ASU campus, Light Rail, and bike paths, this property offers exceptional convenience for students and urban professionals.
The rare four-bedroom configuration in a gated community near a major university makes this an ideal high-yield investment opportunity for rental income.
As a well-maintained end-unit, the property provides extra privacy and a spacious patio with scenic views of the pool, spa, and surrounding mountains.
Fitting four bedrooms into 1,209 square feet suggests that individual room dimensions are likely small, which may limit appeal for those seeking spacious living quarters.
The assigned public schools have lower ratings (3/10 and 5/10), which could be a deterrent for owner-occupant families prioritizing high-performing education.
Don't miss this rare opportunity to own a beautifully maintained 4-bedroom, 2-bath, 1,209 SF end-unit condo in a gated community. Fresh, neutral paint throughout brightens every room, while upgrades like granite countertops in the kitchen and tile in all the right places add style and function. Step outside to your spacious patio overlooking the pool and spa, with views of the ASU campus. Located just steps from the Light Rail, the bike path along 8th Street, shopping, dining, parks, and with a quick walk or ride to campus, this condo offers the perfect blend of convenience, lifestyle, and comfort. INVESTOR'S DREAM!
No exterior & parking available.
Grades K-8 • 1.8 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 90% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,209 | 1,500.5 | 40% |
| Lot Size | 1,208 | 1,547 | 50% |
| Price | $400.0K | $0 | 90% |
| Price per sq ft | $331 | $0 | 90% |
| Built year | 2002 | 2004 | 50% |
| HOA | $285 | $373 | 30% |
| Days on market | 75 | 2697 | 10% |
Mar 24, 2026
$400,000
Initial Listing