1229 E Spence Ave Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $7,862/month
About This Home
Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 **Buyer to verify all facts, figures, schools & measurements**
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,450
Year Built
- Built in 1940
Lot Details
- Fenced
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
Parking
- 2 Open Parking Spaces
- 3 Parking Spaces
- 1 Covered Space
- Parking Available
- Free Parking
- Paved Parking
Listing and Financial Details
- Tax Lot 5 & 6
- Assessor Parcel Number 133-09-045
Community Details
Overview
- 2 Buildings
- 2 Units
- Building Dimensions are Irregual
- Stanley Plat & Kenneth Place Subdivision
Building Details
- Operating Expense $1,450
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $944 | $7,987 | -- | -- |
| 2024 | $884 | $7,607 | -- | -- |
| 2023 | $884 | $29,400 | $5,880 | $23,520 |
| 2022 | $848 | $22,400 | $4,480 | $17,920 |
| 2021 | $854 | $20,180 | $4,030 | $16,150 |
| 2020 | $828 | $17,460 | $3,490 | $13,970 |
| 2019 | $812 | $15,760 | $3,150 | $12,610 |
| 2018 | $792 | $13,470 | $2,690 | $10,780 |
| 2017 | $869 | $12,120 | $2,420 | $9,700 |
| 2016 | $662 | $6,770 | $1,350 | $5,420 |
| 2015 | $733 | $5,030 | $1,000 | $4,030 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/15/2026 02/15/26 | Price Changed | $1,450,000 | -9.4% | -- | |
| 01/02/2026 01/02/26 | Off Market | $1,600,000 | -- | -- | |
| 12/29/2025 12/29/25 | For Sale | $1,600,000 | +900.0% | -- | |
| 11/10/2025 11/10/25 | For Sale | $160,000 | +10.3% | -- | |
| 03/11/2016 03/11/16 | Sold | $145,000 | 0.0% | $104 / Sq Ft | View Prior Sale |
| 02/24/2016 02/24/16 | Pending | -- | -- | -- | |
| 01/21/2016 01/21/16 | For Sale | $145,000 | -- | $104 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $145,000 | Grand Canyon Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Security Title Agency |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6950797
APN: 133-09-055
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.