1905 E UNIVERSITY Drive 102, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 2 bath
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Tempe, AZ 85288
This 2-bedroom townhome represents a High-Potential Investment Opportunity, listed at a List Price of $275,000—positioned well above the $246,905 Fair Market Value by -11%. While the property requires cosmetic updates, its Fair Condition Rating and prime location near ASU offer significant value-add potential. Featuring a private courtyard patio and ground-floor accessibility, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations in a high-demand Tempe rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1905 E UNIVERSITY Drive 102 Subject | $275,000* List Price | 2 | 2 | 934 | $264 | - |
A 1905 E University Drive 257 Active | $325,000 List Price | 2 | 2 | 1,055 | $308 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property is dated and requires cosmetic updates. Interior images show popcorn ceilings, older carpeting, and a basic, dated bathroom surround. The listing explicitly mentions the need for 'TLC' to build equity, placing it firmly in the 'Fair' category as it is functional but needs minor repairs and modernization.
Situated on University Drive, this property offers exceptional proximity to ASU, major freeways, and local amenities, making it a high-demand location for students, investors, and professionals.
As a lower-level unit featuring a private courtyard patio, the home provides convenient single-story living with easy access and desirable outdoor space.
Priced competitively and featuring mountain views, this unit presents a significant opportunity for buyers to add value and build instant equity through cosmetic renovations and TLC.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =123, other record lot size in square feet = 1432. Living area discrepancy between mls listing and other public or private record. mls listing living area = 934, other record living area = 1084.
The property is noted as needing TLC and updates, which may require immediate capital expenditure and could deter buyers looking for a move-in-ready residence.
With 151 days on the market and a 'back on market' status, the property may face buyer skepticism regarding its condition or previous inspection hurdles.
Back on the market- Great opportunity to own a 2-bedroom, 2-bath,.. lower-level townhome offering 934 sq ft in a highly convenient Tempe location! This functional floor plan features comfortable living spaces, private courtyard patio, and easy ground-floor access. Enjoy community amenities including a sparkling pool and well-maintained common areas, all just minutes from shopping, dining, freeways, and everyday conveniences. The home does need a little TLC,updated.. but offers incredible potential for a first-time buyer, student, or investor looking to add their personal touches and build instant equity. A fantastic value in a prime location--don't miss this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 934 | - |
| Lot Size | 123 | - |
| Price | $275.0K | $315.5K |
| Price per sq ft | $294 | $270 |
| Built year | 1984 | 0 |
| HOA | $296 | $0 |
| Days on market | 166 | 2203 |
Feb 6, 2026
$275,000
Initial Listing