1229 E Spence Avenue, Tempe, AZ 85281

Building Details

Year built

1940

Number of units

2

Flooring type

Concrete

Building materials

Wood Frame, Painted

Roof type

Composition

Listing agent Jason Miszuk License #SA562932000 Show Phone

Listing office Realty ONE Group r***@realtyonegroup.com 17235 N 75th C-190, Phoenix, AZ Show Phone

Listing date Nov 10, 2025

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MLS# 6950797 Listing URL

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This offering presents a rare opportunity to acquire high-density, R-4 zoned multifamily land and homes with frontage on Spence Avenue, situated in the heart of the ASU campus area. The listing includes two residential houses, positioned next to each other. The location is in a robust infill area near Arizona State University. The property is located within a five-mile radius of a population exceeding 350,000. Parcel numbers for the properties are 133-09-045 and 133-09-055.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Tempe

County

Maricopa

State

Arizona

Longitude

-111.918924

Latitude

33.412616

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FAQs

What type of property is this?

Residential land & home lot - High-density multifamily land near ASU campus.

Where is this residential land & home lot located?

The property is located at 1229 E Spence Avenue Tempe, AZ.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: R‑4 (High Density) zoning for multifamily development; Prime location in the heart of ASU campus area; Includes two residential houses