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$1,600,000

  • For Sale
  • Active
  • Multi-Family
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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**

Full Property Details for 1229 E Spence Ave

General

  • Price: $1,600,000
  • Taxes: $1,450 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6950797
  • Updated: 12/29/2025
  • Added to Site: 53 day(s) ago

Interior

  • Appliances: See Remarks
  • Flooring: Concrete

Parking

  • Parking Features: Paved, Free, 1 Space/Unit

Location

  • County: Maricopa
  • Subdivision: STANLEY PLAT & KENNETH PLACE
  • Cross Streets: Rural and Apache

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: See Remarks

Utilities

  • Water: See Remarks

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame, Painted
  • Roof: Composition
  • Year Built: 1940

Lot Features

  • Lot Dimensions: Irregual
  • Zoning: R-4

Financial Considerations

  • Tax Amount: $1,450
  • Tax Year: 2025
  • Owner Pays: See Remarks

Disclosures and Reports

  • Multiple Parcels: Yes
  • Property ID: 133-09-045
  • Lot Number: 5 & 6

Listed by Realty ONE Group

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Listing agents

— 1229 E Spence Ave —

  • Realty ONE Group

  • Realty ONE Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1229 E Spence Ave

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Curry Elementary School
1974 East Meadow Drive, Tempe, AZ 85282
K-51.2 mi
Connolly Middle School
2002 East Concorda Drive, Tempe, AZ 85282
6-81.2 mi
McClintock High School
1830 East Del Rio Drive, Tempe, AZ 85282
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1229 E Spence Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/23/2025
Listed
$1,600,000
1003.45%
MLS
3/11/2016
Sold
$145,000
—
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 1229 E Spence Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$944
7%
$32,560
10%
2024
$882
4%
$29,720
-10%
2022
$848
—
$32,960
12%
2022
$848
—
$29,400
31%
2022
$848
-1%
$22,400
11%
2021
$854
3%
$20,180
16%
2020
$828
2%
$17,460
11%
2019
$812
3%
$15,760
17%
2018
$792
-9%
$13,470
11%
2017
$869
31%
$12,120
79%
2016
$662
-10%
$6,770
35%
2015
$733
3%
$5,030
8%
2014
$709
-43%
$4,670
-43%
2013
$1,250
—
$8,230
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Realty ONE Group

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1229 E Spence Avenue, Tempe, AZ 85281 (MLS# 6950797) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1229 E Spence Avenue is currently listed for $1,600,000 and was received on November 23, 2025. Want to learn more about 1229 E Spence Avenue? 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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