948 S ASH Avenue, Tempe, AZ 85281, Tempe, 85281 - 6 bed, 5 bath
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Tempe, AZ 85281
This Historic Income-Generating Estate is listed at $1,250,000, representing a stable acquisition priced accurately against its $1,247,948 Fair Market Value. Maintaining a Good Condition Rating, this 1912 Craftsman Bungalow features original oak floors, Pella windows, and mountain views. The property’s standout feature is the 1,400 SF guest house wing, offering significant rental income potential to offset the mortgage. Despite lower school ratings, the rare corner-lot location and historic prestige make this a unique asset for House-Hacking Investors or Owner-Occupants seeking a character-rich, multi-unit lifestyle.
Property is move-in ready.
This historic 1912 Craftsman Bungalow is in move-in ready condition with high-quality updates that respect its architectural heritage. The kitchen features premium Heartland appliances and Restoration Hardware lighting, while the interior boasts well-maintained oak flooring, Pella windows, and a remodeled primary bathroom. The overall maintenance appears excellent with no visible deferred maintenance, though the age of the structure and specific renovation dates for all major systems place it in the 'good' category rather than 'excellent'.
As a nationally registered historic Craftsman Bungalow, the home features rare architectural details including original oak floors, stained glass, and built-ins that offer timeless appeal and prestige.
The property includes two separate guest apartments totaling 1,400 SF, providing a unique opportunity for significant rental income or a versatile multi-generational living arrangement.
Situated on a spacious, flood-irrigated corner lot in the heart of Tempe's Maple Ash neighborhood, the property offers rare outdoor space and a substantial 4-car tandem garage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4403, other record living area = 3004.
The local public schools are currently rated 3/10, which could be a significant drawback for families with school-aged children and may impact future resale value.
Given the home's 1912 construction and flood-irrigated lot, owners should expect higher maintenance requirements and potential restrictions associated with historic preservation.
For the first time in 27 years, this iconic 1918 Craftsman Bungalow in the heart of Maple Ash is available! The Byron Redden House is a nationally registered historic home, set on a spacious, flood-irrigated corner lot, the 3 bed, 2.5 bath main home (plus office with beautiful etched glass doors) offers 3,003 SF of timeless charm—oak floors, Pella windows, stained glass, and rich architectural detail throughout. The updated kitchen features a Heartland gas stove and Restoration Hardware lighting. The remodeled primary bath includes a clawfoot tub. Original built-ins grace the formal dining room. Two separate guest apartments (2 bed/1 bath & 1 bed/1 bath) total 1,400 SF. 4-car tandem garage. A truly special opportunity in one of Tempe's most beloved neighborhoods
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 93% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 4,403 | 1,552.5 | 97% |
| Lot Size | 11,974 | 7,355 | 93% |
| Price | $1.18M | $266.0K | 97% |
| Price per sq ft | $268 | $186 | 60% |
| Built year | 1912 | 1958 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 2129 | 3% |
Apr 16, 2026
$1,180,000
$1,250,000
-6% Price Drop
Initial Listing
Dec 26, 2025
$1,250,000
Initial Listing