518 W 19TH Street, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 3 bath
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Tempe, AZ 85281
This High-Potential Investment Opportunity is listed at $575,000, positioned well below the $584,096 Fair Market Value by 1.5%. This valuation gap offers $9,096 in Instant Equity. Featuring a Mint Condition Rating with modern quartz countertops and shaker cabinets, the property is a turnkey Buy-and-Hold Asset with a secured $4,950 monthly rent. Its proximity to ASU and versatile finished garage make it a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 518 W 19TH Street Subject | $575,000* List Price | 4 | 3 | 1,764 | $331 | - |
A 538 W 16TH Street Sold | $500,000 | 3 | 2 | 1,612 | $310 | 0.2 mi |
B 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.5 mi |
C 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 1.0 mi | |
D 1812 S SHAFER Drive Sold | $456,000 | 3 | 2 | 1,274 | $358 | 0.7 mi |
E 1710 S GRANADA Drive Sold | $545,000 List Price | 4 | 2 | 2,118 | 1.0 mi | |
F 517 W 17TH Street Sold | $420,000 | 3 | 2 | 1,260 | $333 | 0.1 mi |
G 726 W 19TH Street Active | $600,000 List Price | 4 | 2 | 1,766 | $340 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1959 build date, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops and shaker cabinets, fully updated bathrooms with contemporary finishes, new windows, and luxury flooring throughout, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7370, living area = 1764.
The property features extensive high-end updates including new windows, luxury flooring, and a fully remodeled kitchen with quartz countertops and shaker cabinets, offering a move-in ready experience.
With a secured lease at $4,950 per month starting in August, the property generates exceptional cash flow and a strong gross rental yield in a high-demand area near ASU.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The assigned elementary, middle, and high schools all carry a low rating of 3/10, which may be a deterrent for families prioritizing public education quality.
Built in 1959, the home may possess underlying infrastructure or systems typical of its era that require more maintenance than a newer construction, despite the recent aesthetic renovations.
Beautifully renovated home in a great location close to ASU and downtown Tempe. With new windows, updated kitchen & bathrooms, and new luxury flooring throughout. The remodeled kitchen boasts new shaker cabinets, quartz countertops, new stainless-steel appliances and subway tile backsplash. finished back garage acts as a den or extra finished space, very unique home! Great income property with new tenants set to take over in august at a very strong rent of $4,950 a month. Whatever your plans may be, this house can do it all!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 1,764 | 1,550 | 74% |
| Lot Size | 7,370 | 6,765 | 57% |
| Price | $575.0K | $0 | 91% |
| Price per sq ft | $326 | $0 | 87% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 2174 | 4% |
May 21, 2026
$575,000
Initial Listing