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Downtown Tempe Townhomes for Sale

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  • /28

    $400,000

    • 2 Beds
    • 2 Baths
    • 1,034 Sq Ft

    154 W 5th St Unit 246, Tempe, AZ 85281

    Welcome to your dream townhouse in the sought-after Hayden Square complex! Perfectly situated in downtown Tempe, you'll be just a short stroll from vibrant Mill Ave and only minutes from Sky Harbor Airport. This beautifully remodeled, turn-key unit is ideal for ASU students, young professionals, or anyone seeking a convenient lock-and-leave lifestyle. With abundant natural light, new flooring, a

    Janelle Flaherty Russ Lyon Sotheby's International Realty

    154 W 5th St Unit 246, Tempe, AZ 85281
  • /26

    $425,000

    • 2 Beds
    • 2 Baths
    • 1,034 Sq Ft

    154 W 5th St Unit 210, Tempe, AZ 85281

    Fantastic opportunity to own this charming 2-bedroom townhome in Hayden Square! Discover a cozy living/dining room with vaulted ceilings, a soothing palette, classic plantation shutters, soft carpeting, and an inviting fireplace for cozy evenings. The well-appointed kitchen comes with granite counters, wood shaker cabinetry, a laundry closet, a serving window, and sleek SS appliances for a

    Kimberly DeArmond Real Broker

    154 W 5th St Unit 210, Tempe, AZ 85281
  • /49

    $995,000

    • 3 Beds
    • 4 Baths
    • 2,000 Sq Ft

    1401 S Rita Ln, Tempe, AZ 85281

    Nidia Almonte Mendoza At Home Real Estate Arizona

    1401 S Rita 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
$639,000
Median Single Family Sale Price
$639,000
Median Townhouse Sale Price
$722,500
Median 2 Bedroom Sale Price
$120,000
Average Price Per Sq Ft
$280
Number of Homes for Sale
4
Last 12 months Home Sales
264
Months of Supply
0.20
Median List Price
$639,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
16%
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