2115 E GREENWAY Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Value-Add Residential Asset is listed at $475,000, positioned accurately alongside its $470,166 Fair Market Value. Currently holding a Condition Rating of 4, the property retains its original 1972 finishes, offering a strategic opportunity for forced appreciation. Market data indicates renovated homes in this Tempe submarket achieve valuations in the $600,000s, signaling over $125,000 in Equity Potential. Featuring a 8,960-square-foot lot, a private patio, and No HOA near ASU, the asset combines location stability with high-yield prospects. It is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2115 E GREENWAY Drive Subject | $475,000* List Price | 3 | 2 | 1,599 | $294 | - |
A 2337 E RIVIERA Drive Sold | $450,000 | 4 | 2 | 1,854 | $243 | 0.4 mi |
B 2327 E PEBBLE BEACH Drive Sold | $520,000 | 4 | 2 | 1,669 | $312 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the home is well-maintained and clean but remains largely in its original condition. While it features newer kitchen appliances and a functional layout, the cabinetry, countertops, and bathroom fixtures are dated and reflect the home's age. It is move-in ready but requires cosmetic updates to meet modern standards, fitting the 'fair' criteria of an aged property maintained through regular upkeep without recent major renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8960, living area = 1599.
Ideally situated in a desirable Tempe neighborhood with no HOA, providing quick access to ASU, Cole Park, and the 60 and 101 freeways.
Priced competitively with renovated comparable homes in the area reaching the $600,000s, offering a strong value-add opportunity for investors or homeowners.
The kitchen and living areas remain in their original 1972 condition, requiring a full cosmetic modernization to achieve maximum market value.
While well-maintained, the home features a mid-life roof and older construction, which may lead to higher long-term maintenance costs compared to newer builds.
No HOA, located near Cole Park and just minutes from ASU, with convenient access to the 60 and 101, this property is a standout opportunity in a well-established neighborhood. Situated on a generously sized lot with mature shade trees, the home offers solid bones and functional living space. Inside, a classic brick fireplace anchors the living area. The home has been well maintained, featuring newer kitchen appliances, a roof in mid-life condition with no known issues, and a reliable A/C system. The kitchen remains in original condition, clean and fully functional, offering a great opportunity for updates or a full remodel. With renovated homes in the area reaching into the $600s, this property presents strong upside for buyers or investors.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,599 | 1,737 | 29% |
| Lot Size | 8,960 | 8,357 | 66% |
| Price | $475.0K | $404.5K | 59% |
| Price per sq ft | $297 | $251 | 66% |
| Built year | 1972 | 1969 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 2155 | 1% |
Jan 16, 2026
$475,000
Initial Listing