3909 S MILL Avenue, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 3 bath
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Tempe, AZ 85282
This 4-bedroom townhouse represents a High-Potential Investment Opportunity, listed at $346,500—positioned well below the $395,710 Fair Market Value by 12%. This valuation gap offers $49,210 in Instant Equity. Featuring a Mint Condition Rating with a 2026 roof and 2024 water heater, the property is move-in ready. Its proximity to ASU and versatile floor plan make it a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, high-demand rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3909 S MILL Avenue Subject | $346,500* List Price | 4 | 3 | 1,536 | $258 | - |
A 3411 S WILSON Street Sold | $425,000 | 3 | 2 | 1,501 | $283 | 0.4 mi |
B 3815 S MILL Avenue Pending | $365,000 List Price | 4 | 3 | 1,536 | $238 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1964, the property has undergone a comprehensive modern remodel within the last 5 years. The kitchen and bathrooms feature contemporary cabinetry, quartz countertops, and updated fixtures. Major systems are recently replaced, including the water heater (2024) and roof (2026), placing it in mint, move-in ready condition.
Located just 3.5 miles from Arizona State University with a 4-bedroom configuration, this property is ideally positioned for high rental demand from students or boarders.
The home features significant recent upgrades, including a new roof (2026) and a replaced water heater (2024), reducing immediate maintenance concerns for a new owner.
The rare inclusion of a ground-floor bedroom and full bath provides excellent accessibility and flexibility for multi-generational living or private guest quarters.
Built in 1964, the property may have underlying structural or utility components nearing the end of their functional life, typical of mid-century developments.
Marketing photos were taken prior to the current tenant's occupancy, which may not accurately reflect the current wear and tear or physical state of the interior.
This low maintenance, 4 BEDROOM, 3 BATH townhome is 3.5 Miles south of Arizona State University. It's fabulous for taking on college boarders or rooms for children. A community pool, garbage, exterior home (incl. landscaping) maintenance, washer, dryer, fridge & covered parking is incl. The home has been remodeled over the last few years, has a bedroom & bath on the ground floor w 3 beds & two baths upstairs. The roof was redone in 2026. Water heater was replaced in 2024. Pictures were taken prior to the tenant, who has now moved out. A short drive to the superstition freeway, Tempe Diablo Stadium (spring baseball) Gammage theater, ASU facilities, job corridors, the nations largest municipal park, malls, golf & sky harbor airport
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,536 | - |
| Lot Size | 178 | - |
| Price | $346.5K | $315.5K |
| Price per sq ft | $226 | $270 |
| Built year | 1964 | 0 |
| HOA | $329 | $0 |
| Days on market | 21 | 2203 |
Jul 1, 2026
$346,500
Initial Listing