1331 W 3rd St, Tempe, AZ 85281
Property image
Property image
OFF MARKET

1331 W 3rd St
Tempe, AZ 85281

Sunset
  • Studio
  • 2,608 sqft

$747,800

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $4,159/mo*
Refinance Your Home

$747,800

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $4,159/mo*
Refinance Your Home
Studio
2,608 sqft

Home Value

Trulia Estimate
$748K
Since last month
Increased$39K (+5.5%)
Since last year
Increased$30K (+4.1%)
Since last sale
Increased$431K (+136.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +204% in the last 10 years
MonthEstimated value
2026
August 2026$748K
July 2026$709K
June 2026$758K
May 2026$711K
April 2026$731K
March 2026$732K
February 2026$734K
January 2026$752K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1301 W 3RD Street, Tempe, AZ
0.07
Multi-Family Home
$800,000
09/30/25
6
2
2,800
1321 W 5th Street, Tempe, AZ
0.13
Multi-Family Home
$827,000
09/19/25
8
4
2,800
1558 W 5TH Street, Tempe, AZ
0.29
Multi-Family Home
$915,000
11/21/25
6
6
3,602
105 S HARDY Drive, Tempe, AZ
0.48
Multi-Family Home
$675,000
03/23/26
4
4
1,928
1513 W 7TH Place, Tempe, AZ
0.35
Multi-Family Home
$570,000
10/21/25
6
1
2,409
1519 W 7TH Place, Tempe, AZ
0.36
Multi-Family Home
$610,000
10/08/25
7
3
2,633
401 W 5th St, Tempe, AZ
0.91
Multi-Family Home
$700,000
06/01/26
-
2,148
538 W 13TH Street #A, Tempe, AZ
1.09
Multi-Family Home
$650,000
02/23/26
5
3
2,106
425 - 427 W 5TH Street W, Tempe, AZ
0.85
Multi-Family Home
$1,300,000
08/12/26
3
3
4,400
508 S FARMER Avenue, Tempe, AZ
0.91
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1327 W 4TH Street, Tempe, AZ 85281
0.06
$714,200
4
2
1,702
Off Market
405 S PRIEST Drive N, Tempe, AZ 85281
0.06
$813,700
4
1
2,660
Off Market
1301 W 3RD Street, Tempe, AZ 85281
0.07
$808,200
6
2
2,800
Off Market
405 S PRIEST Drive S, Tempe, AZ 85281
0.07
$823,000
4
1
2,660
Off Market
1320-1312 W 5TH Street, Tempe, AZ 85281
0.09
$1,014,000
8
4
3,288
Off Market
1310 W 5TH Street, Tempe, AZ 85281
0.09
$575,400
5
2
-
Off Market
1300 W 5TH Street #1007, Tempe, AZ 85281
0.11
$550,000
2
2
1,531
For Sale
330 S BECK Avenue #201, Tempe, AZ 85281
0.11
$218,600
2
2
838
Off Market
1300 W 5TH Street #1004, Tempe, AZ 85281
0.11
$463,300
2
2
1,495
Off Market
1245 W 1ST Street #116, Tempe, AZ 85281
0.12
$310,000
2
2.5
1,072
For Sale
1321 W 5th Street, Tempe, AZ 85281
0.13
$944,600
8
4
2,800
Off Market
1327 E 5th Street, Tempe, AZ 85281
0.13
$659,200
2
1
2,800
Off Market

Local Information

  • Map ViewExplore the area around 1331 W 3rd St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1981
Living Area
2,608 sqft
Price/Sqft
$287

About this House

Building is walking distance from 2 bus lines and is about one mile south of light rail and Tempe Town Lake and one mile west of Arizona State University. Desert landscaping for easy maintenance. In addition to the 8 parking spaces at rear of property, on street parking is plentiful in front of property on 3rd St. Building is stucco over block which provides good insulation and low heating/cooling costs for tenants. Units have security windows with emergency exit releases in keeping with building/fire codes. All have security doors and little porches with lockable gaits. Small building to rear of 4 plex contains coin op washer/dryer, and the sheds for the 2 front apts. The 2 rear apts have sheds attached to them. Leases all month to month. No section 8 tenants. Seller has owned the
1331 W 3rd St, Tempe, AZ 85281 is a studio, 2,608 sqft multi-family in Sunset, built in 1981. It last sold for $316,800 on Sep 8, 2016. It is currently off market. The Trulia Estimate is $747,800, with a rent estimate of $1,568/month.

Home Details for 1331 W 3rd St

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Linoleum Vinyl
Appliances & Utilities
Cable ReadyDryerRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: Built Up, OtherExterior: StuccoPatio
Parking & Garage
Parking Space: 1Parking: Carport

Property Information

Year Built
Year Built: 1981Year Updated: 1981
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 4

Lot Information

Lot Area: 8362 sqft

Price and Tax history

DateEventPrice
Sep 8, 2016
Source: N/A
Sold
$316,800
Jul 27, 2016
Source: ARMLS #5375965
Sold
$245,000
May 31, 2016
Source: Agent Provided
Listed For Sale
$275,000
Dec 31, 2015
Source: Agent Provided
ListingRemoved
$275,000
Dec 25, 2015
Source: Agent Provided
Listed For Sale
$275,000

Market trends in Tempe

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$1.67KMoM
Sale-to-List Price
98.3%
0.1%MoM
Price per sq ft
$289
$3MoM
Available listings
571
21MoM

Around this home

Neighborhood Overview

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

What Locals Say about Sunset

  • Cainiac
    "Tempe is a very large area. Even a zip code like 85281 can vary. I live in the ASU area near 1st and University. Walkable to Whole-foods and many restaurants. Tempe Beach is like an oasis. "
    0
    Flag
  • Trulia User
    "There are homeless people in the area, but the neighborhood generally feels safe and clean when I go for runs."
    0
    Flag
  • Sydney B.
    "lots of students and some sketchy characters, but good for public transit and there are a lot of good jobs/companies in the area. Very close to everything you need (downtown Tempe, ASU, the highway, etc)."
    3
    Flag
  • Heather B.
    "There is a recenter around the corner, plus a dog part, an elementary school and kids playing. Also, a colorful, building wall, mural that seems to be the hotspot in photography/photoshoot location."
    2
    Flag
  • Heather B.
    "Living next to Tempe town lake, there is a wide selection of events that brings many faces you otherwise wouldn’t have ever met."
    0
    Flag
  • Samuelrstuart
    "Up and coming neighborhood...Very quiet, very close to mill, very close to highway. Really greet place to live"
    4
    Flag
  • bg33martinka
    "I use to live here!!! Everything is close by such as Mill ave, 5 min bike ride to ASU and parks/recreational near by."
    8
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1331 W 3rd St

  • What is 1331 W 3rd St estimated to be worth?
    Trulia's estimated value for 1331 W 3rd St in Tempe, AZ is $747,800.
  • What is the price history for 1331 W 3rd St?
    1331 W 3rd St in Tempe, AZ last sold for $316,800 in September 2016.
  • 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 down $1.67K from the prior month.
  • Does 1331 W 3rd St have air conditioning?
    Yes, 1331 W 3rd St in Tempe, AZ has air conditioning.
  • Does 1331 W 3rd St have laundry facilities?
    Yes, 1331 W 3rd St in Tempe, AZ has in-unit laundry.

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Off Market Homes Near 1331 W 3rd St

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