1229 E Spence Avenue, Tempe, AZ 85281

$1,299,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,299,000 Last Modified: 8/25/2026

Overview

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**

Listing Details MLS# 6950797

Location, Tax & Legal

House Number
1229
Compass
E
Street Name
Spence
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Subdivision
STANLEY PLAT & KENNETH PLACE
Assessor Number
133-09-045
Tax Year
2025

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Irregual
Year Built
1940
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
2
Zoning
R-4
Flood Zone
No

Remarks Misc

Cross Street
Rural and Apache
Directions
South on Rural, East on Sp

Legal Info

Lot Number
5 & 6

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Property Features

Project Type: Other (See Remarks) Other Type: House + Rental Units; Packaged Offering; Other (See Remarks) Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool; See Remarks Exterior Amenities: Fenced; Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: See Remarks Heating: See Remarks Cooling: See Remarks Water Source: See Remarks Sewer: See Remarks Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: 1 Space/Unit; Free; Paved Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash Environmental: None
IDX
Listing Office: Realty ONE Group
Office Phone: 623-236-1414
Office Email: ron.copus@realtyonegroup.com
Last Updated: August - 25 - 2026
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