$1,600,000
$1M PRICE INCREASE

1229 E Spence Ave Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated payment $8,571/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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**

Listing Agent

Jason Miszuk

Realty ONE Group License #SA562932000 Listed on: 11/10/2025

Co-Listing Agent

Maggie Wu

Realty ONE Group License #SA656100000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1940

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Covered Space
  • Free Parking
  • Paved Parking

Additional Features

  • Concrete Flooring
  • Additional Parcels

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,450

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: Rural and Apache
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2025
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: STANLEY PLAT & KENNETH PLACE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: See Remarks

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved, Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features Free2: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: See Remarks

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: Irregual
  • Additional Parcels: Yes
  • Parcel #: 133-09-045

Multi Family

  • Owner Pays: See Remarks
  • Number Of Units Total: 2
  • Annual Operating Expense: 1450.0

Tax Info

  • Tax Annual Amount: 1450.0
  • Tax Book Number: 133.00
  • Tax Lot: 5 & 6

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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
Source: Arizona Regional Multiple Listing Service (ARMLS)

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: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6950797

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-09-055

Arizona Maricopa County Tempe 85281 Downtown Tempe

1229 E Spence Ave, Tempe, AZ

For Sale

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Jason Miszuk
Listing Agent
Jason Miszuk
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Realty ONE Group
(480) 637-4434