Multifamily Property with Detached
For Sale
$850,000
111 E BONITA Way, Tempe, AZ 85281
MULTI_FAMILY - Tempe, AZ
Property SizeContact for details
Lot Size0.25 Acres
Days on Market8
Property Features for 111 E BONITA Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Garage - Detached
Appliances
Disposal, Refrigerator, Built-In Electric Oven
Subdivision
UNIVERSITY ESTATES
Elementary school
Broadmor Elementary School
Middle school
Connolly Middle School
High school
Tempe High School
Elementary school district
Tempe School District
Middle school district
Tempe Union High School District
High school district
Tempe Union High School District
Directions
Head toward S Mill Ave. Turn left onto E Broadway Rd. Turn left onto S Encanto Dr. Turn right onto E Bonita Way. Home will be on the right.
Standard status
Active
APN
133-16-104
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 25 4 UNIVERSITY ESTATES MCR 004605
Tax Annual Amount
1683
Legal Description
LOT 25 4 UNIVERSITY ESTATES MCR 004605
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1951
Number of units
1
Flooring type
Carpet, Vinyl
Building materials
Painted, Slump Block
Roof type
Composition
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Brian J Cunningham · License #SA634644000
(480) 370-6160
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 21 at 11:06AM
MLS# 7067136
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.
Investment Insights
Based on property information with market context.
This multifamily property includes a four-bedroom, two-bathroom main residence with fresh paint and new flooring. A detached one-bedroom, one-bathroom accessory dwelling unit is currently being completed with its own entrance, full kitchen, and stacked laundry. An upgrade to the primary bathroom is also underway, so the finished configuration should be evaluated alongside the current construction status and renderings.
The property occupies an 11,000+ sqft lot in Tempe near Arizona State University and carries Residential zoning. Improvements include central air, electric heat, public sewer, a composition roof, and painted slump block construction. A detached garage and six additional parking spaces are included, with no HOA reported. Built in 1951, the property also includes a disposal, refrigerator, and built-in electric oven.
The property occupies an 11,000+ sqft lot in Tempe near Arizona State University and carries Residential zoning. Improvements include central air, electric heat, public sewer, a composition roof, and painted slump block construction. A detached garage and six additional parking spaces are included, with no HOA reported. Built in 1951, the property also includes a disposal, refrigerator, and built-in electric oven.
Key Highlights
- 11,000+ sqft lot in Tempe near Arizona State University
- 4BD/2BA main house with fresh paint and new flooring
- Detached 1BD/1BA ADU currently in process
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated four-bedroom main residence with a detached accessory dwelling unit under construction.
Where is this multifamily property located?
The property is located at 111 E BONITA Way Tempe, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 11,000+ sqft lot in Tempe near Arizona State University; 4BD/2BA main house with fresh paint and new flooring; Detached 1BD/1BA ADU currently in process
