1229 E Spence Ave

$1,600,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

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...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
  1. Listed by Jason Miszuk • Brokerage DRE #CO578024000 • Realty ONE Group
    P: (602)-363-5058 C: (602)-363-5058 jason.miszuk@gmail.com
  2. Listed by Maggie Wu • Brokerage DRE #CO578024003 • Realty ONE Group
    P: (480)-828-2010 C: (480)-828-2010 ge_wu@yahoo.com

Property Details for 1229 East Spence Avenue

Subdivision Name
STANLEY PLAT & KENNETH PLACE
View YN
No
Zoning
R-4
LISTING UPDATED: 11/23/2025 08:59 AM

Property Details for 1229 East Spence Avenue

StatusActive
MLS #6950797
Days on Market40
Taxes$1,450 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1940
Lot Size-
CountyMaricopa County

Location

Listing Courtesy of Realty ONE Group
Add your commute

Building Information for 1229 East Spence Avenue

Stories-Residences2Year Built1940Building Size-Lot Size-

Payment Calculator

$8,027 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,906

Property Taxes

$121

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1229 East Spence Avenue

Summary
Location and General Information
  • Unparsed Address: 1229 E Spence Avenue, Tempe, AZ 85281
  • City: Tempe
  • Coordinates: -111.918924, 33.412616
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Rural and Apache
  • Directions: South on Rural, East on Sp
  • Latitude: 33.412616
  • Longitude: -111.918924
  • Postal City: Tempe
  • Postal Code: 85281
  • State Or Province: AZ
  • Street Suffix: Avenue
  • Year Built: 1,940
Taxes and HOA
  • Tax Annual Amount: $1,450.00
  • Tax Book Number: 133.00
  • Tax Lot: 5 & 6
  • Tax Year: 2,025
Parking
  • Covered Spaces: 1
  • Garage YN: No
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Paved, Free, 1 Space/Unit
  • Parking Total: 3
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: Irregual
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 13309045
  • Property Type: Multiple Dwellings
Utilities
  • Electric: Other (See Remarks)
  • Electric On Property YN: Yes
  • Sewer: See Remarks
  • Water Source: See Remarks
Interior and Exterior Features
Exterior Features
  • Community Features: See Remarks, No Pool
  • Construction Materials: Wood Frame, Painted
  • Number Of Buildings: 2
  • Number Of Units Total: 2
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Flooring: Concrete
  • Heating: See Remarks
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Net Operating Income: $.00
  • Operating Expense: $1,450.00

Property History for 1229 East Spence Avenue

DateEvent & SourcePriceAppreciation
Nov 23, 2025

Price Change

ARMLS #6950797

$1,600,000—
Nov 10, 2025

Listed (Active)

ARMLS #6950797

$160,000—
Mar 11, 2016

Sold (Public Record)

Public Record #566755410

$145,000—
Mar 11, 2016

Sold (Public Record)

Public Record #1066755410

$145,000—
Mar 11, 2016

Sold

ARMLS #5386786

$145,000—
Feb 24, 2016

Pending

ARMLS #5386786

—
Jan 21, 2016

Listed (Active)

ARMLS #5386786

$145,000—
DateEvent & SourcePrice
11/23/2025

Price Change

ARMLS #6950797

$1,600,000
11/10/2025

Listed (Active)

ARMLS #6950797

$160,000
03/11/2016

Sold (Public Record)

Public Record #566755410

$145,000
03/11/2016

Sold (Public Record)

Public Record #1066755410

$145,000
03/11/2016

Sold

ARMLS #5386786

$145,000
02/24/2016

Pending

ARMLS #5386786

—
01/21/2016

Listed (Active)

ARMLS #5386786

$145,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1229 East Spence Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$944 ($79 / month)
Home Facts
Beds0Total Finished SqFt1,388 SqFtAbove Grade Finished SqFt1,388 SqFtStories1Lot Size5,420 SqFtStyleSingle Family ResidenceYear Built1954ZoningM-HCountyMARICOPAAPN133-09-055

Schools near 1229 East Spence Avenue

This home is within Tempe Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Curry Elementary School
PublicK to 5

Connolly Middle School
Public6 to 8

McClintock High School
Public9 to 12

Meyer Montessori
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1229 East Spence Avenue is a multi-family home for sale in Tempe, AZ 85281. This property was listed for sale on November 10, 2025 by Realty ONE Group, it's currently listed at $1,600,000. It has been on the market for a total of 40 days and was last sold on March 11, 2016. This listing's school districts are Tempe Union High School District, Tempe School District. Nearby schools include Curry Elementary School, Connolly Middle School and McClintock High School. 1229 East Spence Avenue is a 0-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty ONE Group

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.