$1,600,000
Tempe, AZ 85281
MLS# 6950797
1 / 37
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**
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,600,000
List Price: $1,600,000
Status: Active
List Date: 2025-11-10
Location, Tax & Legal
Assessor's Map #: 9
Assessor's Parcel #: 45
Add'l Parcels: Yes
Tax Municipality: Tempe
Taxes: 1450
Legal: STANLEY PLAT MCR 5617 & KENNETH PL LOT 6 N 120ft OF W 60ft OF LOT 6
Marketing Name: STANLEY PLAT & KENNETH PL
House Number: 1229
Compass: E
Street Name: Spence
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Subdivision: STANLEY PLAT & KENNETH PLACE
Assessor Number: 133-09-045
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: Irregual
Flood Zone: No
Total # of Units: 2
Year Built: 1940
Zoning: R-4
Project Type
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Packaged Offering: 1
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1450
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 1600000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Exterior Amenities
Fenced: 1
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
See Remarks: 1
Sewer
See Remarks: 1
Parking Features
Free: 1
1 Space/Unit: 1
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Rural and Apache
Directions: South on Rural, East on Sp
Geo Lat: 33.412616
Geo Lon: -111.918924
Legal Info
Lot Number: 5 & 6
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
Listing Office: Realty ONE Group
Last Updated: December - 29 - 2025
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