1312 W 15th Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $341,595 Fair Market Value by -2%. While the home has a Condition Rating of 4, it features significant recent capital improvements, including a new roof, HVAC, and water heater. The large 7,275 sq ft lot and solid block construction provide a sturdy foundation for value-add renovations. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through cosmetic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1312 W 15th Street Subject | $350,000* List Price | 3 | 2 | 1,040 | $328 | - |
A 1301 W 15th Street Active | $350,000 List Price | 3 | 2 | 1,166 | $300 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property features excellent recent system updates including a new roof (2022), HVAC (2022), and water heater (2023). However, the interior is significantly dated; the bathrooms and kitchen show wear and older finishes that require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7275, living area = 1040.
The property features significant recent capital improvements, including a new roof (2022), new HVAC (2022), new water heater (2023), and a replaced main sewer line (2016), minimizing immediate maintenance costs.
Ideally situated in the heart of Tempe near ASU, major freeways, and local amenities, this home offers high desirability for both long-term residents and those looking for a high-demand rental market.
At just 1,040 square feet for a 3-bedroom, 2-bathroom layout, the interior living spaces and bedrooms may feel cramped compared to modern residential standards.
The home is positioned as a fixer-upper ready for modernization, meaning buyers will likely need to invest additional capital to update dated finishes like the granite tile countertops and older flooring.
Spacious 3-bedroom, 2-bath single-level, block construction home in the heart of Tempe on a large 7,275 sq ft lot. They definitely don't make them like this anymore! Features tile flooring throughout, granite tile countertops in the kitchen, generously sized bedrooms, inside laundry/storage room, covered patio, and a large backyard with plenty of space for entertaining, pets, or storage. New roof in 2022ish, new water heater in 2023, new HVAC in 2022ish, Main Sewer Line replaced in 2016ish. Conveniently located near shopping, dining, schools, ASU, and freeway access. This is the perfect starter home ready for you to update into your new home!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,040 | - |
| Lot Size | 7,275 | - |
| Price | $350.0K | $562.2K |
| Price per sq ft | $337 | $326 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 2615 |
Jun 30, 2026
$350,000
Initial Listing