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$850,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 3 days ago
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Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

Full Property Details for 111 E Bonita Way

General

  • Price: $850,000
  • Taxes: $1,683 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7067136
  • Updated: 8/15/2026
  • Added to Site: 3 day(s) ago

Interior

  • Appliances: Disposal, Refrigerator, Built-In Electric Oven
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Detached Garage

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: UNIVERSITY ESTATES
  • Cross Streets: S Mill Ave and Broadway Rd

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Painted, Slump Block
  • Roof: Composition
  • Year Built: 1951

Unit Information

  • Vacancy %: .05

Lot Features

  • Lot Dimensions: Irregular
  • Frontage: Asphalt
  • Zoning: Residential

Financial Considerations

  • Tax Amount: $1,683
  • Tax Year: 2025
  • Terms: Conventional, VA Loan
  • Owner Pays: None

Disclosures and Reports

  • Legal Description: LOT 25 4 UNIVERSITY ESTATES MCR 004605
  • Property ID: 133-16-104
  • Range: 4E
  • Section: 22
  • Lot Number: 25 4

Listed by eXp Realty

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— 111 E Bonita Way —

  • eXp Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 E Bonita Way

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Broadmor Elementary School
311 East Aepli Drive, Tempe, AZ 85282
K-50.3 mi
Connolly Middle School
2002 East Concorda Drive, Tempe, AZ 85282
6-82.2 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 E Bonita Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/15/2026
Listed
$850,000
61.29%
MLS
1/29/2026
Sold
$527,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 111 E Bonita Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,683
—
$16,954
-27%
2025
$1,683
-1%
$23,350
100%
2023
$1,703
—
-100%
2022
$1,708
—
$44,810
35%
2022
$1,708
-7%
$33,300
7%
2021
$1,828
-2%
$31,130
9%
2020
$1,856
3%
$28,530
22%
2019
$1,800
12%
$23,350
—
2018
$1,601
8%
$23,350
—
2017
$1,486
-3%
$23,350
—
2016
$1,533
-27%
$23,350
—
2015
$2,108
114%
$23,350
123%
2014
$987
-5%
$10,450
—
2013
$1,042
—
$10,450
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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111 E Bonita Way, Tempe, AZ 85281 (MLS# 7067136) is a Multi-Family property with 1 unit containing 5 bedrooms and 0 full bathrooms. 111 E Bonita Way is currently listed for $850,000 and was received on August 15, 2026. Want to learn more about 111 E Bonita Way? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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