1081 W 1st Street 10, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 3 bath
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Tempe, AZ 85281
This Modern Urban Residence is a High-Potential Investment Opportunity, listed at $449,890—positioned well below the $504,298 Fair Market Value by 10%. This valuation gap offers $54,408 in Instant Equity. Maintaining a Good Condition Rating, the property features a rare 3.5-car garage and private balconies for every bedroom. Located steps from ASU, Tempe Town Lake, and Scales Technology Academy, it balances strong rental yield potential with premium urban amenities. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1081 W 1st Street 10 Subject | $449,890* List Price | 3 | 3 | 1,647 | $306 | - |
A 525 W LAKESIDE Drive 140 Sold | $319,900 List Price | 2 | 2 | 1,493 | 0.6 mi | |
B 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.2 mi |
C 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.2 mi |
D 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.2 mi |
E 526 W 1ST Street 106 Active Under Contract | $547,000 List Price | 2 | 3 | 1,557 | $351 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 2002, it features several modern updates including painted kitchen cabinetry, updated bathroom vanities, and contemporary light fixtures. The flooring and overall interior condition show minimal wear, meeting the criteria for a well-maintained home within its age bracket.
Situated within a mile of ASU, Tempe Town Lake, and the Mill Avenue District, this property offers exceptional walkability and convenience for students, faculty, and urban professionals.
The rare 3.5-car garage with secure, gated underground access is a standout feature for a condo, providing ample space for multiple vehicles, a workshop, or extensive storage.
The unique layout features a private balcony on the main level plus individual balconies for every bedroom upstairs, maximizing private outdoor living and natural light.
The monthly HOA fee of $525 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
The assigned middle and high schools have lower performance ratings, which may be a drawback for families prioritizing the local public school system.
Located within a mile of Arizona State University, Tempe Town Lake, Phoenix Sky Harbor International Airport, and the Mill Avenue District, this condo offers unbeatable convenience. This 3-bed, 2.5-bath home features a rare 3.5-car garage with secure, gated underground access--perfect for storage, bikes, or a long-bed truck. The main level includes the kitchen, laundry, half bath, and private balcony. Upstairs, all bedrooms have their own balconies. The primary suite includes an ensuite, while the other two share a full bath. A unique layout in a prime Tempe location.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,647 | 1,508 | 73% |
| Lot Size | 2,672 | 1,716 | 80% |
| Price | $449.9K | $0 | 80% |
| Price per sq ft | $273 | $0 | 60% |
| Built year | 2002 | 2002 | 50% |
| HOA | $525 | $375 | 53% |
| Days on market | 20 | 2907 | 7% |
Apr 2, 2026
$449,890
Initial Listing