915 S WILSON Street, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
Analysis of 915 S WILSON Street, Tempe, AZ 85281 is currently available with a list price of $600,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1945 (>75 years old) with no recorded renovations. The listing explicitly markets the property as a 'Prime Development Opportunity' and a 'true development play' for multi-family residential (R-3 zoning), indicating the value is in the land and the potential for nine townhomes rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 872.
Zoned R-3 for multi-family residential development, this 10,000 sq ft lot offers a rare opportunity for builders to capitalize on the high demand for urban housing in Tempe.
The property is ideally situated near Arizona State University, downtown Tempe, and major employment centers, ensuring strong long-term value and high desirability for future residents.
The property is intended to be sold in conjunction with the adjacent lot at 914 S Farmer Ave, which may necessitate a larger capital outlay and complicate the acquisition for single-lot buyers.
The local elementary, middle, and high schools all carry a rating of 3/10, which could be a deterrent for developers targeting the traditional family-oriented residential market.
Prime Development Opportunity in Tempe - 914 S Farmer Ave. is being sold in conjunction with 915 S Wilson St. Seize these exceptional 10,000 sq ft lots in one of Tempe's most sought-after and rapidly growing neighborhoods. Zoned R-3 for multi-family residential development, these parcels offer outstanding potential for investors and builders looking to capitalize on strong demand for housing near Arizona State University, downtown Tempe, and major employment centers. Priced to move at $1,200,000, these sites present a rare chance to develop a significant project in a prime infill location. Architectural plans are available for nine townhomes across the combined parcels. This is a true development play in a high-demand market, perfect for those seeking scale and strong returns in Tempe's evolving urban core. Each lot has a home that is currently leased. These homes have been consistent income producers for many years.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 872 | 1,546 | 13% |
| Lot Size | 10,000 | 6,765 | 83% |
| Price | $600.0K | $0 | 91% |
| Price per sq ft | $688 | $0 | 96% |
| Built year | 1945 | 1958 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 2174 | 4% |
May 27, 2026
$600,000
Initial Listing