1211 W 15TH Street, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 3 bath
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Tempe, AZ 85281
This property represents a High-Potential Investment Opportunity with a List Price of $419,000—positioned well below the $546,140 Fair Market Value by 23%. This valuation gap provides $127,140 in Instant Equity for buyers prepared to renovate the 1961 structure. While currently in Fair Condition, the expansive 9,849 sqft lot and favorable zoning support both attached and detached Accessory Dwelling Units (ADUs). Located near ASU, this high-yield asset is a premier acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1211 W 15TH Street Subject | $419,000* List Price | 4 | 3 | 1,256 | $435 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.4 mi |
B 1245 W 9th Street Sold | $480,000 | 3 | 2 | 1,501 | $320 | 0.6 mi |
C 517 W 17TH Street Sold | $420,000 | 3 | 2 | 1,260 | $333 | 0.7 mi |
D 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.3 mi |
E 543 W 18TH Street Active Under Contract | $475,000 List Price | 3 | 2 | 1,371 | $346 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property shows signs of partial renovation, including updated large-format tile flooring and a modernized bathroom with contemporary subway tile and fixtures. However, the 1961 build date, combined with the listing description stating it 'awaits your plan' and requires 'significant renovation,' suggests that major systems and other rooms likely remain outdated. The exterior and utility areas appear basic, and the cramped 4-bedroom layout within 1,256 square feet indicates a need for functional reconfiguration.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9849, living area = 1256.
The expansive 9,849 sqft lot combined with favorable zoning allows for both an attached and a detached Accessory Dwelling Unit, offering massive value-add potential for investors or multi-generational families.
Featuring a 4-bedroom, 3-bathroom configuration in the high-demand Tempe 85281 area, this property is ideally positioned for student housing or short-term rental strategies to maximize cash flow.
With 4 bedrooms and 3 bathrooms squeezed into only 1,256 square feet, the individual room sizes and common living areas are likely very small, which may limit appeal to traditional owner-occupants.
Built in 1961 and marketed as a property 'awaiting your plan,' the home likely requires a substantial budget for modernization and repairs to meet current market standards.
This house is it! 4 br 3 bath, great for potential rental. This lot is huge, ready for an accessory Dwelling unit! All lots where current zoning allows for a single-family use and contains a single-family dwelling, is allowed one attached and one detached ADU. With careful planning great cashflow potential, or multi Gen housing opportunity. This home awaits your plan to make it your!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,256 | 1,548 | 17% |
| Lot Size | 9,849 | 7,355 | 83% |
| Price | $419.0K | $266.0K | 63% |
| Price per sq ft | $334 | $186 | 83% |
| Built year | 1961 | 1958 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 2129 | 3% |
Feb 20, 2026
$419,000
Initial Listing