1341 E Don Carlos Ave Tempe, AZ 85281

Prime Tempe Location Near ASU! Location, lifestyle, and opportunity come together in this charming single-level 4-bedroom, 2-bath home with a den, offering 1,549 sq. ft. of living space on a generous 7,166 sq. ft. lot. Situated on a charming residential street, this property puts you close to the best of Tempe and within easy reach of Arizona State University, restaurants, shopping, entertainment, parks, bus stops, light rail, and more--putting everyday conveniences and Tempe's vibrant lifestyle within easy reach. The versatile floor plan provides four bedrooms plus a den, creating plenty of flexibility for an owner-occupant, students, guests, a home office, or an investment property. A new roof installed in 2026 adds important value and peace of mind. For investors, the location is particularly compelling, with strong proximity to ASU and the amenities that attract students, faculty, professionals, and renters. The property already generates $850 per month in rental income from one room, with the tenant currently on a month-to-month arrangement, offering immediate income potential and flexibility for the next owner. For owner-occupants, enjoy the convenience of a highly accessible Tempe location with nearby bus service, bike-friendly streets, neighborhood parks, restaurants, entertainment, and the energy of the ASU area all close by. Whether you're an investor seeking rental potential or an owner-occupant looking for a spacious home in an exceptionally convenient location, this single-level Tempe property combines a desirable lot, flexible living space, new 2026 roof, and an outstanding location near ASU.