813 W ROMO JONES Street, Tempe, AZ 85281, Tempe, 85281 - 5 bed, 2 bath
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Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $532,315 Fair Market Value by 1%. This valuation gap offers $7,315 in Instant Equity. With a Fair Condition Rating, the home features a new 2023 roof and significant rental potential near ASU. The large lot and ability to acquire the adjacent property make this an ideal 10-bedroom portfolio for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset in a high-demand, walkable neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 813 W ROMO JONES Street Subject | $525,000* List Price | 5 | 2 | 1,684 | $316 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.5 mi |
B 1245 W 9th Street Sold | $480,000 | 3 | 2 | 1,501 | $320 | 0.5 mi |
C 817 W ROMO JONES Street Active | $525,000 List Price | 4 | 2 | 1,989 | $264 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1972 (52 years old) and while it features a new roof (2023), the interior is dated. The kitchen cabinets and bathroom finishes appear to be 20+ years old, fitting the 'Fair' criteria for a functional but dated home requiring cosmetic updates. The presence of newer stainless steel appliances and laminate flooring prevents a 'Poor' rating, but the core aesthetics remain aged.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7349, living area = 1684.
Situated in the desirable Mitchell Park West neighborhood, this property offers exceptional walkability to ASU, shopping, and dining, making it a premier choice for students or residents seeking a car-free lifestyle.
A brand-new roof installed in July 2023 with a transferable warranty provides immediate value and peace of mind, significantly reducing near-term maintenance costs for the buyer.
The assigned elementary, middle, and high schools all carry a rating of 3, which may limit the property's appeal to families prioritizing top-tier public education.
Built in 1972, the home may require modernization of its original systems and interior finishes to meet contemporary buyer expectations or to maximize market rental rates.
Rare opportunity to own 813 W Romo Jones, with neighboring 817 W Romo Jones also available for purchase creating a unique chance to acquire two side-by-side properties. Together, they offer a 10-bedroom portfolio with outstanding rental potential just minutes from ASU Located in the highly desirable Mitchell Park West neighborhood. Walk to class. Walk to Starbucks. Walk to shopping. No car needed! A new roof installed in July 2023 includes a transferable warranty for added peace of mind. The spacious backyard features three raised garden beds, two RV gates, and ample parking for vehicles, RVs, or recreational toys.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,684 | - |
| Lot Size | 7,349 | - |
| Price | $525.0K | $562.2K |
| Price per sq ft | $312 | $326 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 2615 |
Jul 2, 2026
$525,000
Initial Listing