1231 E Tempe Dr, Tempe, AZ 85281
Property image
Property image
OFF MARKET

1231 E Tempe Dr
Tempe, AZ 85281

East Rio
  • Studio
  • 1,836 sqft

$521,100

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $2,929/mo*
Refinance Your Home

$521,100

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $2,929/mo*
Refinance Your Home
Studio
1,836 sqft

Local Information

  • Map ViewExplore the area around 1231 E Tempe Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1979
Living Area
1,836 sqft
Price/Sqft
$284

About this House

Buyer couldn't perform! Priced at appraised value! Their loss is your opportunity to add this Tempe Duplex to your investment portfolio. Below market rents. Excellent north Tempe location near ASU, 202 freeway,Tempe Town Lakes and Downtown Scottsdale. The unit mix consists of large, 918 sq ft units with 2 bedrooms, 1 bath. Both units have newer 2016 HVAC units, new roof 2018 and are individually metered with private fenced yards. Washer and Dryer are also included for each unit. Fully leased with long term tenants. Do Not walk the property. Do Not speak to tenants. Drive by only.
1231 E Tempe Dr, Tempe, AZ 85281 is a studio, 1,836 sqft multi-family in East Rio, built in 1979. It last sold for $279,000 on Oct 26, 2018. It is currently off market. The Trulia Estimate is $521,100, with a rent estimate of $1,967/month.

Home Details for 1231 E Tempe Dr

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace
Security
Security System

Exterior Features

Exterior Home Features
Roof: Composition, Shake ShingleExterior: Stucco

Property Information

Year Built
Year Built: 1979Year Updated: 1979
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 2

Lot Information

Lot Area: 7281 sqft

Price History for 1231 E Tempe Dr

DatePriceEventSource
10/26/2018$279,000Sold
ARMLS #5797768
09/21/2018$279,500PendingAgent Provided
09/17/2018$279,500PendingToActiveAgent Provided
08/28/2018$279,500PendingAgent Provided
07/25/2018$279,500Listed For SaleAgent Provided
08/21/2009$155,000Sold
ARMLS #4133458
12/18/2008$144,500Sold
N/A
10/12/2005$270,000Sold
N/A
10/16/2002$128,000Sold
N/A

Market trends in Tempe

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$5KMoM
Sale-to-List Price
98.5%
0.1%MoM
Price per sq ft
$291
$2MoM
Available listings
550
13MoM
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Property Tax and Assessment

Year2025
Tax$1,457
Assessment$534,800
Home facts updated by county records

Comparable Sales for 1231 E Tempe Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1231 N OLEANDER Street, Tempe, AZ
0.04
Multi-Family Home
$1,125,000
07/03/26
9
5
3,290
1127 N Harold Street, Tempe, AZ
0.16
Multi-Family Home
$539,000
08/19/25
4
2
1,356
1909 N 72nd Pl, Scottsdale, AZ
1.89
Apartment
$800,000
02/06/26
2
1
950
401 W 5th St, Tempe, AZ
1.86
Multi-Family Home
$700,000
06/01/26
-
2,148
105 S HARDY Drive, Tempe, AZ
2.10
Multi-Family Home
$675,000
03/23/26
4
4
1,928
1411 S BONARDEN Lane, Tempe, AZ
2.05
Multi-Family Home
$700,000
08/15/25
4
1
1,440
1413 S JENTILLY Lane, Tempe, AZ
2.07
Multi-Family Home
$715,000
11/26/25
4
1
1,540
914 S Kenwood Cir, Tempe, AZ
1.90
Multi-Family Home
$900,000
06/05/26
-
500
2402 E 5th St, Tempe, AZ
2.16
Multi-Family Home
$395,000
09/05/25
2
2
1,105
508 S FARMER Avenue, Tempe, AZ
1.87
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400

Nearby homes

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Assigned Schools

These are the assigned schools for 1231 E Tempe Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

East Rio
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Rio

  • Kjm
    "Quiet area, close to campus but with affordable homes. Close to the airport, Mill Ave and downtown Scottsdale"
    1
    Flag
  • Zannadead
    "I never use the bus lines, but there is a lot of em and the light rail as well. I only drive 2 min for my work commute, but who can tolerate walking or biking in the ridiculous, bike, unholy heat?"
    0
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

521 pet-friendly rentals in Tempe, AZ

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301 rentals with a garage in Tempe, AZ

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Homes for sale near 1231 E Tempe Dr

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Off Market Homes Near 1231 E Tempe Dr

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Frequently asked questions about 1231 E Tempe Dr

  • What is 1231 E Tempe Dr estimated to be worth?
    Trulia's estimated value for 1231 E Tempe Dr is $521,100.
  • What is the price history for 1231 E Tempe Dr?
    1231 E Tempe Dr last sold for $279,000 in October 2018.
  • Is Tempe a buyer's or seller's market?
    Tempe is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $463K. That is up $5K from the prior month.
  • Does 1231 E Tempe Dr have air conditioning?
    Yes, 1231 E Tempe Dr has air conditioning.