1229 E Spence Avenue
Tempe, AZ 85281
Jen Tilly Terrace- Studio
Studio
Local Information
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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 133-09-055 **Buyer to verify all facts, figures, schools & measurements**
Home Highlights
Parking
2 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1229 E Spence Avenue
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Appliances & Utilities Appliances: See Remarks |
Heating & Cooling Heating: See RemarksAir Conditioning: See RemarksHeating Fuel: See Remarks |
Gas & Electric Electric: Other (See Remarks)Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Concrete |
Levels, Entrance, & Accessibility Floors: Concrete |
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Exterior Home Features Roof: Composition |
Parking & Garage Number of Covered Spaces: 1Open Parking Spaces: 2No CarportNo GarageHas Open ParkingParking Spaces: 3Parking: Paved,Free,1 Space/Unit |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: See Remarks |
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Cumulative Days on Market: 129Days on Market: 180+ |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Wood Frame, Painted |
Property Information Parcel Number: 13309045 |
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Price List Price: $1,450,000 |
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MLS Status: Active |
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Direction & Address City: TempeCommunity: STANLEY PLAT & KENNETH PLACE |
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Listing Agent Listing ID: 6950797 |
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Community Features: See Remarks, No Pool |
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Business Information Ownership: Fee Simple |
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Owner Pays: See Remarks |
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Mls Number: 6950797 |
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See RemarksNo Pool |
Last check for updates: about 9 hours ago
Listing courtesy of Jason Miszuk, (602) 363-5058
Realty ONE Group
Maggie Wu, (480) 828-2010
Realty ONE Group
Source: ARMLS, MLS#6950797

Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Price History for 1229 E Spence Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 02/15/2026 | $1,450,000 | PriceChange | ARMLS #6950797 |
| 11/23/2025 | $1,600,000 | Listed For Sale | ARMLS #6950797 |
| 03/11/2016 | $145,000 | Sold | ARMLS #5386786 |
| 01/21/2016 | $145,000 | Listed For Sale | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $940 |
| Assessment | $297,200 |
Home facts updated by county records
Comparable Sales for 1229 E Spence Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Multi-Family Home | $700,000 | 08/15/25 | 4 | 1 | 1,440 | |
0.24 | Multi-Family Home | $715,000 | 11/26/25 | 4 | 1 | 1,540 | |
0.61 | Multi-Family Home | $600,000 | 08/06/25 | 4 | 4 | 1,452 | |
0.72 | Multi-Family Home | $650,000 | 01/22/26 | 4 | 4 | 2,596 | |
1.14 | Multi-Family Home | $875,000 | 07/31/25 | 8 | 2 | - | |
1.29 | Multi-Family Home | $1,250,000 | 09/30/25 | 11 | 2 | 5,775 | |
1.52 | Multi-Family Home | $480,000 | 07/15/25 | 28 | 2 | 14,625 |
Assigned Schools
These are the assigned schools for 1229 E Spence Avenue.
What Locals Say about Jen Tilly Terrace
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jason Miszuk, Realty ONE Group
Agent Phone: (602) 363-5058

1229 E Spence Avenue, Tempe, AZ 85281 is a studio multi-family built in 1940. 1229 E Spence Avenue is located in Jen Tilly Terrace, Tempe. This property is currently available for sale and was listed by ARMLS on Nov 23, 2025. The MLS # for this home is MLS# 6950797.

