543 W 18TH Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Renovated University District Residence is a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $671,666 Fair Market Value by 29%. This significant valuation gap provides $196,666 in Instant Equity. Maintaining a Good Condition Rating, the home features a Remodeled Kitchen, newer A/C system, and a Private Patio on a large 7,375 sqft lot. Located just 1.5 miles from ASU with No HOA, it offers high rental demand despite average school ratings. This is an exceptional 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 |
|---|---|---|---|---|---|---|
★ 543 W 18TH Street Subject | $475,000* List Price | 3 | 2 | 1,371 | $490 | - |
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 | 0.4 mi |
C 1812 S SHAFER Drive Sold | $456,000 | 3 | 2 | 1,274 | $358 | 0.6 mi |
D 517 W 17TH Street Sold | $420,000 | 3 | 2 | 1,260 | $333 | 0.1 mi |
E 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.8 mi |
F 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a remodeled kitchen (2017) with modern shaker cabinets, stone countertops, and stainless steel appliances. Major systems have been updated, including the A/C (2017) and a new water heater, and the interior boasts fresh paint, updated flooring, and a modernized bathroom. While the structure dates to 1959, the extensive renovations performed within the last 7-9 years align with the 'good' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7375, living area = 1371.
Situated just 1.5 miles from the ASU Tempe campus and half a block from the renovated Clark Park, this location is ideal for students, faculty, and urban professionals.
The home features a remodeled kitchen, a newer A/C system (2017), and a recently replaced water heater, offering buyers reduced immediate maintenance costs and improved energy efficiency.
The assigned elementary, middle, and high schools all currently hold a 3/10 rating, which may be a deterrent for families prioritizing high-performing public education.
Built in 1959, the home's laundry and storage room is located just outside the kitchen, which may be viewed as a functional drawback compared to modern interior laundry configurations.
Desirable ''University Homes'' location. Easy 1.5 mile bike ride to Tempe ASU campus and only 5.5 miles to Sky Harbor Airport. Freshly painted with a lovely front veranda making this 3 bedroom 2 bath home so inviting. Notable improvements include a new water heater (2026) Remodeled kitchen (2017) and newer A/C (2017). Large lot with mature landscaping and two large sheds. Laundry and storage room is just out the kitchen and has a mini split for those hot summer days. RV gate for easy small trailer storage.Again, location is spectacular being just less than half a block from the newly renovated Clark Park Recreation Center, Community Garden, and Orbit stop. Near tempe town lakes and so much more. Don't miss out on this great opportunity to own a Tempe University Home. No HOA
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,371 | 1,548 | 30% |
| Lot Size | 7,375 | 7,318 | 50% |
| Price | $475.0K | $266.0K | 80% |
| Price per sq ft | $346 | $186 | 87% |
| Built year | 1959 | 1958 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 2129 | 3% |
Mar 14, 2026
$475,000
Initial Listing