10

Downtown Tempe Houses for Sale

Section Image Section Image
  • /17

    $250,000

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft

    1470 S Rita Ln, Tempe, AZ 85281

    ***QUALIFIED BUYERS MAY RECEIVE UP TO AN ADDITIONAL $67,000 IN DOWN-PAYMENT ASSISTANCE*** incredible home and opportunity is only available to first-time home-buyers (have not owned a home in the last 3 years or ever) who meet income criteria based on household size (less than) 1- $94,320 2 -$107,640 3 - $121,200 4 -$134,640 5 - $145,550 6 - $156,240 7 - $167,040 8 - $177,840

    Agent Photo

    Jonathan Miller

    Fathom Realty Elite

    (480) 407-6735

    1470 S Rita Ln, Tempe, AZ 85281
  • /63

    $890,000

    • 2 Beds
    • 2 Baths
    • 1,235 Sq Ft

    22 E 15th St, Tempe, AZ 85281

    Very special opportunity in this ASU/15th Street neighborhood. Lovely home on over 1/3 Acre in downtown Tempe-ASU'S Arcadia! This EPIC home, built in 1948 has been meticulously manicured & maintained with many original features: cove ceilings, plaster walls, archways, built-ins, beamed ceilings in den/office, tongue & groove wood. Windows, HVAC, Roof, Kitchen/Bath/Flooring all tastefully

    Molly Dalton HomeSmart

    22 E 15th St, Tempe, AZ 85281
  • /35

    $950,000

    • 6 Beds
    • 4 Baths
    • 2,627 Sq Ft

    1314 E Orange St, Tempe, AZ 85281

    Enjoy comfort and convenience in this well-appointed home featuring two Jack-and-Jill suites on opposite wings, quartz countertops, durable vinyl flooring, and sleek flush-mount lighting. The primary suite includes a walk-in closet and 3⁄4 bath with safety grab bar. Each bedroom offers private vanities, built-in desks, ceiling fans, and extra storage. The fully equipped kitchen boasts Whirlpool

    Daniel Brown My Home Group Real Estate

    1314 E Orange St, Tempe, AZ 85281
  • /48

    $665,000

    • 3 Beds
    • 2.5 Baths
    • 1,600 Sq Ft

    100 E Encanto Dr, Tempe, AZ 85281

    Highly sought-after University Estates location-- Less than1 mile to ASU, and less than that to ASU Gammage. This updated 3 bed, 2.5 bath home features recently painted interior & exterior, updated roof, updated kitchen with island & island bar seating, pot filler and recessed lighting. Flooring updated throughout. Primary suite includes renovated bathroom with large walk-in shower, & tub.

    Aron Johnson Russ Lyon Sotheby's International Realty

    100 E Encanto Dr, Tempe, AZ 85281
  • /17

    $995,000

    • 4 Beds
    • 2 Baths
    • 1,740 Sq Ft

    313 E 15th St, Tempe, AZ 85281

    Very RARE 1/2 acre lot. Just three blocks from ASU and less than a five-minute walk to iconic Gammage Auditorium, this property offers an unbeatable location in one of Tempe's most established and tightly held neighborhoods—where homes rarely come up for sale.Sitting on a generously sized, flood-irrigated lot just over half an acre and surrounded by mature pecan and fruit trees , this

    Angela Cole RETSY

    313 E 15th St, Tempe, AZ 85281
  • /19

    $700,000

    • 4 Beds
    • 2 Baths
    • 2,450 Sq Ft

    1432 S Stanley Place, Tempe, AZ 85281

    Strong cash flow with this AZ OZ single-family on the doorstep to ASU, the 5th largest university in the US. $4000/month rent. Tenants pay all utilities, including water/sewer. Lease expiration 7/28/2025. Huge 2450 sf 5 bed/2 bath single-level house with newer pool in the backyard. Now vacant. Close to a 7 CAP with low owner expenses historically. Available individually or as part of a package of

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1432 S Stanley Place, Tempe, AZ 85281
  • /17

    $549,900

    • 3 Beds
    • 3.5 Baths
    • 1,685 Sq Ft

    1427 S Terrace Rd, Tempe, AZ 85281

    Spacious 3-Bedroom 3.5-Bath Home Near ASU - Prime Investment Opportunity! Welcome to this beautifully maintained 3-bedroom, 3.5-bathroom home located just 1/4 mile from ASU and within close proximity to the light rail - an ideal location for students, professionals, or savvy investors. Inside, the home boasts tile flooring in the main living areas and plush carpeting in each bedroom for added

    Fady Abuhmaidan Urban and Company

    1427 S Terrace Rd, Tempe, AZ 85281
  • /33

    $529,000

    • 4 Beds
    • 2 Baths
    • 1,568 Sq Ft

    1127 S Una Ave, Tempe, AZ 85281

    Modernized Mid-Century Gem Near ASU | RV Gate | Pool-Ready Yard | Oversized LotStep into one of Tempe's most sought-after neighborhoods! This classic 4-bedroom + den, 13⁄4-bath Borden-built brick home (c. 1948) blends vintage charm with modern updates. With 1,600+ sq ft of living space on a sizable lot anchored by fruit trees and a deep covered patio—including RV

    Michael Vallee Real Broker

    1127 S Una Ave, Tempe, AZ 85281
  • /34

    $494,900

    • 4 Beds
    • 2 Baths
    • 1,394 Sq Ft

    1609 E Williams St, Tempe, AZ 85281

    Mid-Century Classic - 4 bedroom + den + 2 bath home on a large, irrigated cul-de-sac lot with grass and trees. Beautiful wood laminate flooring and custom concrete floors. Great kitchen with quartz countertops, stainless appliances - gas range, refrigerator, dishwasher, breakfast bar, RO system. Separate dining opens to light and bright living room. Remodeled Baths. Office/Den! Fabulous

    Mary Ann Kinsman Realty Executives Arizona Territory

    1609 E Williams St, Tempe, AZ 85281
  • /24

    $349,900

    • 2 Beds
    • 1 Bath
    • 640 Sq Ft

    1424 S Bonarden Ln, Tempe, AZ 85281

    Just reduced & priced to sell. This charming 2-bedroom, 1-bathroom home is an absolute gem, offering an unbeatable location just a short walk or scooter ride from ASU Main Campus. Situated in one of Tempe's most desirable neighborhoods, this property is not only close to everything you need, but it's also in a Designated Opportunity Zone, providing even more potential for future growth.The

    Paul Aslaber HomeSmart

    1424 S Bonarden Ln, Tempe, AZ 85281

Why Live in Downtown Tempe

Downtown Tempe, centered around University Drive and Mill Avenue, is a lively neighborhood with a mix of students, retirees, and long-term residents. Arizona State University is a major influence, leading to many rental properties available for students. Major employers like Honeywell and Carvana offer job opportunities, and the light rail system makes commuting easy. The neighborhood offers a variety of things to do, including outdoor activities at Tempe Town Lake and “A” Mountain, as well as cultural experiences at the Tempe Center for the Arts and the ASU Art Museum. Mill Avenue is a hub of entertainment with venues like the Valley Art Theater and the Low Key Piano Bar. Dining options include breakfast at Snooze and craft beers at Four Peaks Brewing Company. Residential streets feature single-family ranch-style homes, condos with Pueblo and Spanish eclectic elements, and luxury high-rise units with river views. Traffic can be heavy due to ASU's growth, but the light rail provides an efficient alternative. Sky Harbor International Airport is just four miles away. Despite the typical challenges of city living, the neighborhood's amenities and vibrant atmosphere attract a diverse range of residents.

Home Trends in Downtown Tempe, AZ

Housing Trends

Median Sale Price
$499,900
Median Single Family Sale Price
$529,000
Median Townhouse Sale Price
$550,000
Median 2 Bedroom Sale Price
$739,950
Median 1 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$403
Number of Homes for Sale
26
Last 12 months Home Sales
57
Months of Supply
5.50
Median List Price
$529,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home