
Tempe, AZ 85281
This Spacious Multigenerational Home represents a High-Potential Investment Opportunity, listed at $600,000—positioned well below the $596,269 Fair Market Value (Note: List price is slightly above market, reflecting the premium for Owned Solar and No HOA). With a Condition Rating of 4, the property offers significant upside for cosmetic modernization. The versatile 2,451 sq. ft. floor plan is ideal for rental income or family flexibility. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand Tempe location near ASU.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 410 W PARKWAY Boulevard Subject | $600,000* List Price | 4 | 3 | 2,451 | $243 | - |
A 504 W 17th Place Active | $459,000 List Price | 4 | 2 | 1,725 | $266 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this 70-year-old home is functional but dated. While it features 'owned solar' and a 'refreshed' kitchen with new upper cabinets, the bathrooms and overall finishes remain aged. The property requires cosmetic updates and modernization to meet current standards, fitting the criteria for homes over 20 years old with only partial renovations.
Situated in the heart of Tempe near ASU and Mill Avenue, this property offers exceptional convenience and high rental demand potential for students or faculty.
The home features owned solar panels and no HOA fees, significantly reducing monthly carrying costs and long-term utility expenses for the owner.
With over 2,400 sq. ft. and a layout designed for multigenerational living or an upstairs apartment, the property provides unique versatility for large families or investors.
The assigned elementary, middle, and high schools all carry a rating of 3/10, which may be a drawback for families prioritizing high-performing educational districts.
Built in 1953, the home may require more frequent maintenance or updates to its older infrastructure and systems compared to newer residential builds.
Welcome to this spacious 4-bedroom, 3-bath home in the heart of Tempe, just minutes from ASU, Mill Avenue, light rail, Sky Harbor, and major freeways. Offering over 2,400 sq. ft., this versatile floor plan features multiple living areas with endless possibilities for multigenerational living, essentially an upstairs apartment, a home office, and entertaining. The kitchen has been refreshed with new upper cabinets, and the refrigerator and washing machine convey, making move-in even easier. Enjoy lower utility bills with **OWNED solar** and the freedom of **NO HOA**. The detached garage offers additional flexibility, while the private backyard is ready for your personal touch. A rare opportunity to own a well-located Tempe home with space, value, and incredible potential.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,451 | - |
| Lot Size | 6,804 | - |
| Price | $600.0K | $562.2K |
| Price per sq ft | $245 | $326 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 27 | 2615 |
Jun 25, 2026
$600,000
Initial Listing