1117 S ASH Avenue, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 1 bath
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Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $437,622 Fair Market Value by -2%. Featuring Duplex Zoning and a large 9,667 sqft lot, this Condition Rating 6 asset requires a full renovation, offering significant upside for forced appreciation near ASU. The prime location ensures strong rental demand, making this a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in a high-growth neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1117 S ASH Avenue Subject | $450,000* List Price | 2 | 1 | 1,055 | $415 | - |
A 1131 W ROMO JONES Street Active | $435,000 List Price | 3 | 2 | 1,105 | $394 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1925 with no evidence of renovation in over 50 years. The listing explicitly markets the property for 'redevelopment' or to 'build new,' and interior photos show a shell-like state with bare concrete floors and significant deterioration, indicating the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9667, living area = 1055.
Situated in the highly desirable Maple-Ash neighborhood just blocks from Arizona State University, ensuring high demand and excellent long-term appreciation potential.
The property features duplex zoning and a large 9,667 sqft flood-irrigated lot, offering rare flexibility for investors to build multi-unit housing or a significant expansion.
The property requires a full remodel or complete redevelopment, which will necessitate significant upfront capital and construction expertise.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a concern for families prioritizing public education quality.
Rare opportunity in the highly desirable Maple-Ash Neighborhood just blocks from Arizona State University. This 1925 home sits on a large flood-irrigated lot and is ready for a full remodel or redevelopment. Detached garage and duplex zoning create endless potential for investors, builders, or buyers looking to restore or reimagine the property. Surrounded by historic charm and located in one of Tempe's most sought-after neighborhoods, this property offers incredible upside with strong demand near ASU. Whether you choose to renovate, expand, or build new, opportunities like this are increasingly rare in such a prime location.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,055 | 1,546 | 13% |
| Lot Size | 9,667 | 6,765 | 78% |
| Price | $450.0K | $0 | 74% |
| Price per sq ft | $427 | $0 | 96% |
| Built year | 1925 | 1958 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 2174 | 4% |
May 27, 2026
$450,000
Initial Listing