1823 E Kirkland Lane A, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 1 bath
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Tempe, AZ 85281
This Value-Add Townhouse Asset is listed at $199,000, offering a strategic acquisition near Arizona State University and Sky Harbor Airport. The $143,076 Fair Market Value reflects the property's Poor Condition Rating, as this short sale requires a full interior renovation to address deferred maintenance and system neglect. Featuring a large private patio and proximity to Thew Elementary and McClintock High School, the unit is positioned in a high-demand rental corridor. This project is an ideal opportunity for Buy-and-Hold Investors or Contractors seeking to capitalize on Tempe's consistent student housing demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1823 E Kirkland Lane A Subject | $185,000* List Price | 2 | 1 | 910 | $98 | - |
A 925 S ACAPULCO Lane C Sold | $135,000 | 2 | 1 | 864 | $156 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (>50 years old) and currently a short sale. While the listing claims updates, images show dated DIY-style finishes, worn cabinetry, and older appliances. The 'winterized' status suggests the property has been vacant with potential system neglect, requiring a full rehab to meet modern standards.
The property is ideally situated near Arizona State University, major freeways, and Sky Harbor Airport, making it highly attractive for students, commuters, and frequent travelers.
Priced under $200,000 in a high-demand Tempe rental market, this unit offers an excellent entry point for investors looking for strong rental yields or a fix-and-flip opportunity.
The inclusion of a large private patio accessed via French doors provides a significant lifestyle advantage and rare outdoor space for a townhouse of this size.
As a short sale requiring bank approval, the transaction involves a more complex and potentially lengthy closing process compared to traditional sales.
Built in 1973 and noted as needing 'clean up' to feel fresh, the property likely requires immediate cosmetic attention and may have aging systems typical of its era.
Excellent investment opportunity. This is a short sale needing bank approval. Great location, near ASU, freeways, and Sky Harbor airport. Nice 2 bedroom/ 1 bathroom, large kitchen with separate dining space. French door from family room leads to large private patio. Has been updated, just needs a little clean up to make it feel fresh again.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 910 | 1,070 | 50% |
| Lot Size | 2,335 | 1,965 | 63% |
| Price | $185.0K | $67.5K | 75% |
| Price per sq ft | $203 | $78 | 75% |
| Built year | 1973 | 1986 | 25% |
| HOA | $249 | $196 | 63% |
| Days on market | 54 | 2634 | 13% |
May 27, 2026
$185,000
$199,000
-7% Price Drop
Initial Listing
Apr 21, 2026
$199,000
Initial Listing
Mar 3, 1999
$44,000
Public Record