1229 E Spence Avenue, Tempe, AZ 85281

$1,375,000

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List Price
$1,375,000
Price Change
▼ $75,000 1782465586
Days on Market
259
Status
ACTIVE
MLS#
6950797
City
Tempe
Subdivision
Stanley Plat & Kenneth Place
Year Built
1940

Property Description

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**

Additional Information

Community Features
No Pool, See Remarks
Construction
Wood Frame, Painted
Cooling
See Remarks
Heating
See Remarks
New Financing
Cash
Parking Features
Open, 1 Space/Unit, Paved
Roofing
Composition
Sewer
See Remarks
Subdivision
Stanley Plat & Kenneth Place
Taxes
$1,450
Tax Year
2025
Tenant Pays
See Remarks
Units
2
Water
See Remarks
Zoning
R-4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Realty ONE Group.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.