533 W 18TH Street, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Recently Renovated Mid-Century Residence is a High-Potential Investment Opportunity, with a List Price of $650,000—positioned well below the $875,966 Fair Market Value by 25%. This significant valuation gap provides $225,966 in Instant Equity. Boasting a Condition Rating of 2, the home features a new roof and AC (2026), a Gourmet Quartz Kitchen, and a backyard with a Sparkling Pool. Despite lower school ratings, the turnkey finishes and prime Tempe location offer immense upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 533 W 18TH Street Subject | $650,000* List Price | 4 | 2 | 2,187 | $401 | - |
A 538 W 16TH Street Sold | $500,000 | 3 | 2 | 1,612 | $310 | 0.2 mi |
B 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.9 mi |
C 539 W 17TH Street Active | $585,000 List Price | 4 | 2 | 1,942 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive renovation in early 2026, including a brand-new roof and AC system. The interior features a fully modernized gourmet kitchen with quartz countertops, shaker cabinets, and stainless steel appliances, along with completely updated bathrooms. With new wood-look flooring, fresh paint, and contemporary light fixtures throughout, the home meets current quality standards with no deferred maintenance.
The property features a brand-new roof and a new AC system installed in February 2026, significantly reducing immediate maintenance concerns and improving energy efficiency for the buyer.
The home boasts a modern gourmet kitchen with quartz countertops, shaker cabinets, and stainless steel appliances, complemented by wood-look flooring and fresh interior paint throughout.
The backyard is fully optimized for the Arizona lifestyle with a sparkling pool, pristine artificial turf, a fire pit, and a covered patio, all within a lot that has no HOA restrictions.
The assigned elementary, middle, and high schools all currently hold a rating of 3, which may be a significant drawback for families prioritizing high-performing educational environments.
Despite the extensive surface renovations, the 1957 build date may imply older underlying infrastructure and smaller secondary bedroom dimensions compared to modern residential standards.
*NEW ROOF 2/26* *NEW AC 2/26* *NEW INT PAINT 2/26* Seize the chance to own this delightful 4-bedroom property with no HOA! You'll love the spacious living room with a soothing palette and attractive wood-look flooring for a timeless appeal. The gourmet kitchen comes with quartz counters, crisp white shaker cabinets, a tile backsplash, pendant/recessed lighting, stainless steel appliances, and an island with a breakfast bar for casual meals. The primary bedroom features sliding door access to the backyard for seamless indoor-outdoor living, a walk-in closet, and a private bathroom. The backyard offers a covered patio, a fire pit for evening under the stars, pristine artificial turf, stylish pavers, and a sparkling pool for refreshing dips on hot summer days.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,187 | 1,552.5 | 97% |
| Lot Size | 7,375 | 7,318 | 50% |
| Price | $650.0K | $266.0K | 93% |
| Price per sq ft | $297 | $186 | 63% |
| Built year | 1957 | 1958 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 2129 | 3% |
Feb 27, 2026
$650,000
Initial Listing