1229 E Spence Avenue, Tempe, AZ 85281
FOR SALE

1229 E Spence Avenue
Tempe, AZ 85281

Jen Tilly Terrace
  • Studio

$1,450,000

Original price: $1,600,000
Est. Mortgage $7,773/mo*

$1,450,000

Original price: $1,600,000
Est. Mortgage $7,773/mo*
Studio

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 129Days on Market: 180+

Property Information

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

Price & Status

Price
List Price: $1,450,000

Active Status

MLS Status: Active

Location

Direction & Address
City: TempeCommunity: STANLEY PLAT & KENNETH PLACE

Agent Information

Listing Agent
Listing ID: 6950797

Community

Community Features: See Remarks, No Pool

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: See Remarks

Miscellaneous

Mls Number: 6950797

Additional Information

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

DatePriceEventSource
02/15/2026$1,450,000PriceChange
ARMLS #6950797
11/23/2025$1,600,000Listed For SaleARMLS #6950797
03/11/2016$145,000Sold
ARMLS #5386786
01/21/2016$145,000Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
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.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Jen Tilly Terrace

  • Glqkardinal
    "As someone who owns a dog there are plenty of paths to walk your dog on. I do however warn against letting your dog sniff around in abandoned lots because there are lots of ticks in the weeds."
  • Eric M. R.
    "close to asu and businesses, cute little side neighborhood, lots of friendly people, close to light rail"
  • Mike
    "A lot of restaurants, grocery, hardware, transportation hubs, and 5 minute walk to ASU. Surrounding homes are mostly owner occupied and it's fairly quiet and people take care of their lots. "

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.