
Tempe, AZ 85281
This Spacious 3-Bedroom Townhouse represents a High-Potential Investment Opportunity, listed at $590,000—positioned above the $568,057 Fair Market Value. While priced slightly above market, the property’s Excellent Condition Rating and Modern Interior Updates—including a Granite Kitchen and new flooring—ensure immediate rental readiness. With a layout featuring Private Ensuite Bedrooms, this asset is perfectly positioned for high-demand student housing near ASU. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, low-maintenance property in a prime, walkable Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 S WILSON Street 108 Subject | $590,000* List Price | 3 | 3 | 1,595 | $356 | - |
A 570 W 6TH Street Active | $465,000 List Price | 2 | 3 | 1,536 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure is 20 years old (built 2006), the property qualifies as excellent due to recent renovations including new flooring throughout and an updated kitchen with refinished cabinetry and granite countertops. The interior is in mint, move-in ready condition with modern aesthetics and no apparent deferred maintenance.
Situated within walking distance to ASU, Mill Avenue, and Tempe Town Lake, this property offers unparalleled access to major employment hubs, entertainment, and transportation.
The floor plan features three bedrooms each with its own private ensuite bathroom, significantly increasing its appeal as a high-yield student rental or multi-tenant investment.
Recent improvements including new flooring across three levels and a refreshed kitchen with granite countertops and stainless steel appliances ensure the home is move-in ready.
With local middle and high schools rated at a 3 out of 10, the property may be less attractive to families prioritizing top-tier public education.
The three-story townhouse configuration requires frequent use of stairs, which could be a limitation for buyers with mobility concerns or those seeking a more accessible layout.
Prime Tempe location! Welcome to Millstone, a highly sought-after community just a short walk to Mill Avenue, and only minutes from Arizona State University (ASU), Tempe Town Lake, Downtown Tempe, and Phoenix Sky Harbor International Airport. Whether you're looking for a primary residence, lock-and-leave second home, or investment property, this home offers exceptional value and location. This spacious 3-bedroom, 3-bathroom townhome features 1,595 square feet with a highly desirable floor plan where every bedroom has its own private ensuite bathroom, making it ideal for roommates, students, or guests. The primary suite offers a walk-in closet, dual sink vanity, and a walk-in shower. The open-concept kitchen has been updated with refinished cabinetry, granite countertops, stainless steel appliances, and a center island overlooking the living and dining areas. New flooring throughout the upper three levels gives the home a fresh, modern feel, while two private balconies provide additional outdoor living space. Additional features include a private attached 2-car garage, inside laundry, ample storage, and access to the community's private pool and spa. Enjoy one of Tempe's most walkable locations with easy access to ASU, Mill Avenue, Tempe Beach Park, Tempe Town Lake, light rail, restaurants, shopping, entertainment, major freeways, and Sky Harbor Airport. With its functional layout, private ensuite bedrooms, and unbeatable location, this property offers outstanding potential as a student rental, long-term investment, or owner-occupied residence.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,595 | - |
| Lot Size | 1,152 | - |
| Price | $590.0K | $315.5K |
| Price per sq ft | $370 | $270 |
| Built year | 2006 | 0 |
| HOA | $315 | $0 |
| Days on market | 6 | 2203 |
Jul 16, 2026
$590,000
Initial Listing