1013 W 12th Place, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 1 bath
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Tempe, AZ 85281
Analysis of 1013 W 12th Place, Tempe, AZ 85281 is currently available with a list price of $248,400. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1963 (61 years old) with no evidence of renovation, the property has sustained significant fire damage and is currently boarded up. Given the age exceeds 50 years and the structure is unlivable, it meets the criteria for land value/tear-down status.
Situated in the highly desirable 85281 zip code of North Tempe, the property is minutes from Arizona State University, offering exceptional potential for student housing or high-demand rentals.
Positioned as a 'fix and flip' opportunity, the entry-level price point in a coveted neighborhood allows for significant equity growth once the property is fully remediated and modernized.
The property is centrally located near all levels of schooling, including Gililland Middle School just 0.23 miles away, enhancing its appeal to a broad range of future residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1380, other record lot size in square feet = 7549.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1380, living area = 1386.
The home has sustained fire damage and requires comprehensive repairs, which will involve significant renovation costs and likely require a cash purchase or specialized construction financing.
House with great potential in much coveted 85281. North Tempe close to ASU. This is a perfect fix and flip property. There was a fire at this property and needs repair. 3 bedrooms, 2 bath 1380 sq ft Can't go wrong in this neighborhood.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,386 | - |
| Lot Size | 1,380 | - |
| Price | $248.4K | $562.2K |
| Price per sq ft | $179 | $326 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 2615 |
Jun 5, 2026
$248,400
Initial Listing