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Sandra Baldwin

Realtor - Co-Founder at Launch Real Estate

  • Office (602) 397-4300
Questions?

1229 E Spence Avenue, Tempe, AZ – $1,600,000

  • $1.6M Price
  • $1.6M Price

1229 E Spence Avenue

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**

Essential Information

  • MLS® #6950797
  • Price$1,600,000
  • Acres0.00
  • Year Built1940
  • TypeMultiple Dwellings
  • StatusActive

Community Information

  • Address1229 E Spence Avenue
  • SubdivisionSTANLEY PLAT & KENNETH PLACE
  • CityTempe
  • CountyMaricopa
  • StateAZ
  • Zip Code85281

Amenities

  • AmenitiesSee Remarks, No Pool
  • Parking Spaces3
  • ParkingPaved, Free, 1 Space/Unit

Interior

  • AppliancesSee Remarks
  • HeatingSee Remarks
  • CoolingSee Remarks

Exterior

  • RoofComposition
  • ConstructionWood Frame, Painted

Additional Information

  • ZoningR-4

Listing Details

  • OfficeRealty ONE Group
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Price Change History for 1229 E Spence Avenue, Tempe, AZ (MLS® #6950797)

Date Details Change
Price Increased from $160,000 to $1,600,000 $1,440,000 (900.00%)

Realty ONE Group.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on November 25th, 2025 at 8:48pm MST.