618 W 12TH Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $499,900—positioned above the $454,337 Fair Market Value. Despite the premium, the property offers a Condition Rating of 2, featuring a modern renovation with waterfall quartz countertops and updated flooring. Its prime location within walking distance to ASU ensures consistent rental demand, while the private patio adds functional outdoor space. This asset is perfectly suited for Buy-and-Hold Investors seeking a low-friction rental or first-time buyers prioritizing a move-in ready lifestyle near campus.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 618 W 12TH Street Subject | $489,900* List Price | 3 | 2 | 1,210 | $364 | - |
A 1812 S SHAFER Drive Sold | $456,000 | 3 | 2 | 1,274 | $358 | 0.7 mi |
B 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.4 mi |
C 538 W 16TH Street Sold | $500,000 | 3 | 2 | 1,612 | $310 | 0.3 mi |
D 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.5 mi | |
E 1100 W 9TH Street Sold | $505,000 List Price | 3 | 2 | 1,588 | 0.5 mi | |
F 812 W PARKWAY Boulevard Active Under Contract | $485,000 List Price | 3 | 2 | 1,256 | $386 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1957, the property has undergone a comprehensive modern renovation within the last 5 years. The interior is in mint, turnkey condition featuring a contemporary kitchen with waterfall quartz countertops, stainless steel appliances, updated wood-look flooring, recessed lighting, and modern fixtures throughout.
Located within walking distance to Arizona State University, this property offers exceptional convenience for students and faculty, ensuring high rental demand and consistent occupancy.
The home is move-in ready and thoughtfully maintained with no HOA fees, making it an ideal, low-friction opportunity for both first-time buyers and seasoned investors.
Its close proximity to Sky Harbor International Airport and major campus amenities provides excellent connectivity for frequent travelers and urban professionals.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1210, other record living area = 875.
Built in 1957, the property may feature aging infrastructure or systems that require more frequent maintenance compared to modern residential developments.
The local elementary, middle, and high schools all hold a rating of 3, which could be a significant drawback for families prioritizing top-tier educational environments.
Concessions available. Whether you're looking for a place to call home or a property that works as hard as you do, this move-in ready gem checks every box. Nestled within walking distance of ASU, this home is perfectly positioned for the student lifestyle -- no car needed for class, coffee runs, or campus events. When you do want to venture out, Sky Harbor International Airport is just a short drive away, making it ideal for frequent flyers or out-of-town guests. Inside, you'll find a thoughtfully maintained space that's turnkey. The layout is functional and flexible, offering the kind of everyday comfort students crave and the rental appeal investors love. For Investors, proximity to ASU means consistent demand, reliable tenant pools, and a property that stays occupied.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,210 | - |
| Lot Size | 6,408 | - |
| Price | $489.9K | $562.2K |
| Price per sq ft | $405 | $326 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 27 | 2615 |
Jul 7, 2026
$489,900
$499,900
-2% Price Drop
Initial Listing
Jun 25, 2026
$499,900
Initial Listing