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 for-sale multi-family land offering is zoned R-4 (High Density) and includes two adjacent residential houses. The homes are positioned next to each other on the same site, supported by R-4 zoning for higher-density multi-family development. Parcel numbers included with the listing are 133-09-045 and 133-09-055. Buyer is advised to verify all facts, figures, schools, and measurements.

The property is located at 1229 E Spence Avenue in Tempe, Arizona 85281, with frontage on Spence Ave. As an infill-style site with existing residential improvements, it can be evaluated for redevelopment, reconfiguration, or continued residential use depending on buyer objectives and applicable requirements.

For buyers and investors, the combination of R-4 (High Density) zoning and adjacent residential structures creates flexibility in planning. This asset may appeal to parties looking to pursue a multi-family development path while accounting for the existing houses on-site. Interested stakeholders should perform their own due diligence on zoning particulars, development feasibility, and any impact from the current improvements before moving forward.

Suggested Use

Department Store Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Store Florist Electrical Service Catering Service Nursing Home Pet Store & Service Clothing & Fashion Store

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?

Single family property - R-4 high-density parcel with frontage on Spence Ave and two adjacent residential houses, offered for redevelopment or continued use.

Where is this single family property located?

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

What is the asking price?

The asking price for this property is $1,375,000.

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