1245 W 1ST Street 125, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Townhouse represents a High-Potential Investment Opportunity, listed at $308,000—positioned well below the $313,701 Fair Market Value by 1.8%. This valuation gap offers $5,701 in Instant Equity. Featuring a Condition Rating of 3, the unit includes Granite Countertops, Tile Flooring, and recent mechanical updates. Its proximity to ASU and downtown makes it a prime asset for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in-ready residence in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1245 W 1ST Street 125 Subject | $308,000* List Price | 2 | 2 | 984 | $319 | - |
A 1245 W 1ST Street 219 Active | $325,000 List Price | 2 | 2 | 897 | $362 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1984, the property is well-maintained and move-in ready with key updates including granite countertops, tile flooring throughout, a newer AC (2016), and a recently replaced water heater. The kitchen and baths are functional, though some appliances and cabinetry remain dated.
The property is ideally situated near ASU and Downtown Tempe with easy access to major freeways, making it highly attractive for students, faculty, and commuters.
This move-in-ready unit features granite countertops, tile flooring throughout, and updated mechanicals including a 2016 AC and a new water heater.
With a competitive price point, relatively low HOA fees, and the option to include furniture, this condo offers a seamless opportunity for a rental investment or primary residence.
Built in 1984, the property may soon require updates to original plumbing or electrical components common in buildings of this vintage.
The assigned middle and high schools have lower performance ratings (3/10), which may be a drawback for families prioritizing top-tier educational facilities.
Move-in-ready Tempe condo!! A great opportunity for primary residence or investment. Close to ASU and Downtown Tempe. Easy access to Major freeways. AC replaced in 2016, Water heater replaced 2026, Granite counter tops, Tile throughout. Community pool is close to the unit, fully furnished if you want the furniture. Don't miss out on this great opportunity!
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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 984 | 1,107 | 50% |
| Lot Size | 90 | 1,373 | 13% |
| Price | $308.0K | $67.5K | 88% |
| Price per sq ft | $313 | $78 | 88% |
| Built year | 1984 | 1986 | 38% |
| HOA | $224 | $196 | 63% |
| Days on market | 16 | 2627 | 13% |
May 21, 2026
$308,000
Initial Listing