
Tempe, AZ 85281
This Single Family Residence is a Strong Value Opportunity, listed at $470,000—positioned well below the $468,670 Fair Market Value by -0.28%. While the price aligns closely with market data, the property’s Condition Rating of 3 and recent upgrades—including a newer roof, updated kitchen, and dual-pane windows—ensure immediate move-in readiness. With its proximity to ASU and major transit, this home offers significant rental potential. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a versatile, well-maintained asset in a high-demand Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1205 W 5TH Street Subject | $470,000* List Price | 4 | 2 | 1,791 | $262 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.6 mi |
B 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.3 mi | |
C 1100 W 9TH Street Sold | $350,000 List Price | 3 | 2 | 1,600 | 0.3 mi | |
D 1245 W 9th Street Sold | $480,000 | 3 | 2 | 1,501 | $320 | 0.3 mi |
E 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.9 mi |
F 1101 W 10TH Street Active | $538,000 List Price | 4 | 2 | 1,947 | $276 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1954 but significantly refreshed with a newer roof (approx. 2 years), updated kitchen featuring shaker cabinets and quartz countertops, and updated bathrooms. While the home lacks original dishwasher plumbing and features basic concrete flooring in bedrooms, the recent paint, serviced HVAC, and dual-pane windows make it well-maintained and move-in ready.
Discover the perfect blend of location, flexibility, and modern updates in this refreshed Tempe home near Downtown Tempe, Arizona State University, and major transit including light rail, streetcar, Orbit bus, and Sky Harbor Airport. This spacious property offers multiple living areas with separate living and family rooms, plus a private rear master suite featuring an updated bathroom, new tiled shower, and walk-in closet. An adjoining flex room provides options for an office, gym, nursery, or bedroom. The updated kitchen includes white shaker cabinetry, quartz countertops, and a breakfast bar, making this home ideal for both comfortable living and strong rental or investment potential. Inside, you'll find thoughtful updates and versatile spaces throughout. Each secondary bedroom includes its own closet, and a nearby bonus room offers potential for a butler's pantry or workshop. Recent improvements include interior and exterior paint, newer roof (approx. 2 years), updated door hardware, and serviced A/C units (5-ton and 3-ton). Dual-pane windows enhance efficiency in the addition, while original front windows maintain mid-century character. Additional highlights include a large laundry room with washer and gas dryer hookups, an extended Arcadia door in the family room, carport parking, and accessible single-level living with a front entry ramp. The spacious lot features a newly added gate and fence on the east side yard, creating extra usable outdoor space. Note: home was not originally plumbed for a dishwasher, but space is available for a standalone unit.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,791 | - |
| Lot Size | 6,625 | - |
| Price | $470.0K | $562.2K |
| Price per sq ft | $262 | $326 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 2615 |
Jun 11, 2026
$470,000
Initial Listing