940 E Tempe Dr, Tempe, AZ 85281
OFF MARKET

940 E Tempe Dr
Tempe, AZ 85281

East Rio
  • Studio
  • 1,344 sqft

$439,900

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $2,482/mo*
Refinance Your Home

$439,900

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $2,482/mo*
Refinance Your Home
Studio
1,344 sqft

Local Information

  • Map ViewExplore the area around 940 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
1962
Living Area
1,344 sqft
Price/Sqft
$327

About this House

This multi-family home is located at 940 E Tempe Dr, Tempe, AZ. 940 E Tempe Dr is in the East Rio neighborhood in Tempe, AZ and in ZIP code 85281. This property has approximately 1,344 sqft of floor space. This property has a lot size of 7619 sqft and was built in 1962.
940 E Tempe Dr, Tempe, AZ 85281 is a studio, 1,344 sqft multi-family in East Rio, built in 1962. It last sold for $58,000 on Mar 5, 1999. It is currently off market. The Trulia Estimate is $439,900, with a rent estimate of $2,092/month.

Home Details for 940 E Tempe Dr

Interior Features

Heating & Cooling
Heating: Forced AirCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: Built UpExterior: Cement Concrete

Property Information

Year Built
Year Built: 1962Year Updated: 1962
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Lot Information

Lot Area: 7619 sqft

Price History for 940 E Tempe Dr

DatePriceEventSource
03/05/1999$58,000Sold
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$1,362
Assessment$426,800
Home facts updated by county records

Comparable Sales for 940 E Tempe Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1231 N OLEANDER Street, Tempe, AZ
0.35
Multi-Family Home
$1,125,000
07/03/26
9
5
3,290
1127 N Harold Street, Tempe, AZ
0.18
Multi-Family Home
$539,000
08/19/25
4
2
1,356
401 W 5th St, Tempe, AZ
1.65
Multi-Family Home
$700,000
06/01/26
-
2,148
105 S HARDY Drive, Tempe, AZ
1.83
Multi-Family Home
$675,000
03/23/26
4
4
1,928
1411 S BONARDEN Lane, Tempe, AZ
2.08
Multi-Family Home
$700,000
08/15/25
4
1
1,440
1413 S JENTILLY Lane, Tempe, AZ
2.10
Multi-Family Home
$715,000
11/26/25
4
1
1,540
508 S FARMER Avenue, Tempe, AZ
1.66
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400
914 S Kenwood Cir, Tempe, AZ
2.11
Multi-Family Home
$900,000
06/05/26
-
500
538 W 13TH Street #A, Tempe, AZ
2.34
Multi-Family Home
$650,000
02/23/26
5
3
2,106
5316 E Polk St, Phoenix, AZ
2.52
Multi-Family Home
$130,000
04/29/26
-
892

Nearby homes

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Assigned Schools

These are the assigned schools for 940 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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Homes for sale near 940 E Tempe Dr

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Off Market Homes Near 940 E Tempe Dr

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Frequently asked questions about 940 E Tempe Dr

  • What is 940 E Tempe Dr estimated to be worth?
    Trulia's estimated value for 940 E Tempe Dr is $439,900.
  • What is the price history for 940 E Tempe Dr?
    940 E Tempe Dr last sold for $58,000 in March 1999.
  • 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 940 E Tempe Dr have air conditioning?
    Yes, 940 E Tempe Dr has air conditioning.