1835 E MANHATTON Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
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Tempe, AZ 85282
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well above the $368,517 Fair Market Value by -35%. Featuring a 4-bedroom, 2-bathroom layout with a covered patio and no HOA, the home requires significant renovation given its Condition Rating of 5. Located minutes from ASU and major freeways, the property offers strong rental demand. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale interior rehabilitation to maximize value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1835 E MANHATTON Drive Subject | $500,000* List Price | 4 | 2 | 2,429 | $152 | - |
A 1874 E GENEVA Drive Sold | $548,000 | 3 | 2 | 2,336 | $235 | 0.4 mi |
B 3315 S DORSEY Lane Sold | $410,000 | 3 | 2 | 1,832 | $224 | 0.7 mi |
C 3530 S KACHINA Drive Active Under Contract | $550,000 List Price | 4 | 2 | 2,429 | $226 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (41 years old) and explicitly marketed as an investment opportunity for flippers. The listing states the property is in need of updates and repairs, suggesting original systems and a requirement for a full interior rehab to meet modern standards.
Situated in the heart of Tempe near ASU, Tempe Marketplace, and major freeways, the property offers exceptional accessibility and high demand for both renters and buyers.
With over 2,400 square feet and four bedrooms, this home provides a generous and highly desirable floor plan that is rare for the area.
The lack of a homeowners association offers owners maximum flexibility and eliminates monthly fees, enhancing the property's appeal as a long-term investment.
The home is in need of significant updates and repairs, making it unsuitable for buyers looking for a move-in-ready residence.
Being sold as an investment opportunity in need of work, the property likely requires a substantial capital injection to address structural or cosmetic deficiencies.
A rare investment opportunity in the heart of Tempe, just minutes from ASU, Tempe Marketplace, Tempe Town Lake, US60, and Loop 101. With no HOA, this spacious 4 bedroom, 2 bathroom home offers over 2,400 square feet and a highly desirable single-level floor plan with large living spaces and generously sized bedrooms. The property is in need of updates and repairs, making it an ideal opportunity for investors, flippers, or buyers looking to renovate and add value in a prime Tempe location. Features include a 2-car garage, covered patio, and block fencing. Excellent potential in a high-demand area close to shopping, dining, entertainment, and Arizona State University.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,429 | 1,676 | 89% |
| Lot Size | 8,965 | 8,359 | 69% |
| Price | $500.0K | $0 | 69% |
| Price per sq ft | $206 | $0 | 53% |
| Built year | 1983 | 1969 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 2381 | 2% |
May 23, 2026
$500,000
Initial Listing