1222 S WILSON Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 4 bath
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Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $780,000—positioned well above the $735,325 Fair Market Value by 6%. While the list price exceeds the current valuation, the property offers significant utility through its 1-bedroom Casita and studio apartment, providing robust rental income potential. With a Condition Rating of 4, the home requires cosmetic updates to modernize its 1947 infrastructure. Its proximity to ASU and downtown Tempe makes this a strategic asset for Buy-and-Hold Investors or Owner-Occupants seeking a multi-unit property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1222 S WILSON Street Subject | $780,000* List Price | 3 | 4 | 2,591 | $284 | - |
A 410 W PARKWAY Boulevard Active | $600,000 List Price | 4 | 3 | 2,451 | $245 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1947, the property shows signs of a renovation that is likely 20-30 years old. The kitchen features dated oak cabinetry, blue tile backsplashes, and older white appliances, while the bathrooms utilize older pedestal sinks and tile patterns. While the home appears well-maintained and functional, it requires significant cosmetic updates and likely system overhauls to meet modern standards.
The inclusion of a separate 1-bedroom casita and a studio apartment provides exceptional versatility for rental income or multi-generational living, particularly given the high demand in the area.
Situated in the sought-after State College Homes neighborhood near ASU and downtown Tempe, the property offers prime accessibility and strong long-term appreciation potential.
The generous 9,500 sqft lot features mature landscaping and ample parking in both the front and back, making it ideal for residents with multiple vehicles, RVs, or outdoor equipment.
The assigned public schools for this address all carry a rating of 3/10, which may limit the property's appeal to families prioritizing high-performing educational districts.
Originally built in 1947, the property may require significant ongoing maintenance or capital improvements to its older structural and mechanical systems compared to newer builds.
Wonderful home in sought-after Tempe neighborhood! You are greeted by mature, shade-giving trees and an inviting, private courtyard that sets a welcoming tone. Inside, this residence boasts comfortable living spaces and well-appointed kitchens & formal dining area perfectly suited for culinary creativity. The home features generously sized bedrooms, offering a peaceful retreat, and a backyard designed for enchanting, relaxing evenings which includes an outdoor gas fireplace. Property includes 1 bedroom Casita and studio apartment. Ample parking in front and back of house. Bring all your toys!! Whether you are looking for a smart addition to your portfolio or a wonderful place to call home, this is an opportunity you won't want to miss! Close to ASU and downtown Tempe.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,591 | - |
| Lot Size | 9,500 | - |
| Price | $780.0K | $562.2K |
| Price per sq ft | $301 | $326 |
| Built year | 1947 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 2615 |
Jul 9, 2026
$780,000
Initial Listing