940 E Tempe Dr, Tempe, AZ 85281
OFF MARKET

$433,700

Trulia Estimate
  • Studio
  • 1,344 sqft

940 E Tempe Dr, Tempe, AZ 85281

East Rio
Est. Refi. Payment $2,602/mo*
Refinance Your Home
Currently Off Market - Sold Mar 5, 1999 for $58,000

Home Value

Trulia Estimate
$434K
Since last month
Decreased$500 (-0.1%)
Since last year
Increased$66K (+18.1%)
Since last sale
Increased$376K (+647.6%)
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 +164% in the last 10 years
MonthEstimated value
2026
September 2026$434K
August 2026$434K
July 2026$437K
June 2026$427K
May 2026$433K
April 2026$430K
March 2026$418K
February 2026$416K
January 2026$432K
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
1231 N OLEANDER Street, Tempe, AZ
0.35
Multi-Family Home
$1,125,000
07/03/26
9
5
3,290
401 W 5th St, Tempe, AZ
1.65
Multi-Family Home
$700,000
06/01/26
-
2,148
1909 N 72nd Place, Scottsdale, AZ
1.83
Multi-Family Home
$800,000
02/06/26
2
1
1,820
105 S HARDY Drive, Tempe, AZ
1.83
Multi-Family Home
$675,000
03/23/26
4
4
1,928
508 S FARMER Avenue, Tempe, AZ
1.66
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400
425 - 427 W 5TH Street W, Tempe, AZ
1.69
Multi-Family Home
$1,300,000
08/12/26
3
3
4,400
914 S Kenwood Cir, Tempe, AZ
2.11
Multi-Family Home
$900,000
06/05/26
-
500
8444 E CORONADO Road, Scottsdale, AZ
2.29
Multi-Family Home
$660,000
08/31/26
4
4
2,052
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 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
932 E TEMPE Drive, Tempe, AZ 85281
0.01
$582,200
4
1
1,584
Off Market
0 N NEAR NEW RIVER (SOUTH) Road, Phoenix, AZ 85086
0.08
-
-
-
-
Off Market
1108 N ESTHER Street, Tempe, AZ 85281
0.08
$407,800
3
2
1,238
Off Market
954 E HENRY Street, Tempe, AZ 85288
0.07
$499,000
3
1.5
1,161
Recently Sold
1005 E TEMPE Drive, Tempe, AZ 85288
0.05
$422,600
3
2
984
Off Market
933 E HARRY Street, Tempe, AZ 85288
0.03
$394,990
2
1
900
For Sale
1214 N ESTHER Street, Tempe, AZ 85288
0.05
$426,500
3
2
1,155
Off Market
1100 N ESTHER Street, Tempe, AZ 85281
0.10
$373,400
2
1
1,000
Off Market
925 E HENRY Street, Tempe, AZ 85281
0.11
$389,990
2
1
1,000
For Sale
1016 E Tempe Drive, Tempe, AZ 85288
0.05
$311,400
2
1
576
Off Market
1016 E TEMPE Drive, Tempe, AZ 85288
0.05
-
3
3.5
2,626
Off Market
1018 E TEMPE Drive, Tempe, AZ 85288
0.06
$449,000
3
2.5
1,493
Off Market

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

Multi-Family
Built in 1962
1,344 sqft
$323/sqft

About this House

What's unique:Mill avenueMountain bikeFine diningFresh two tone paint
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $433,700, with a rent estimate of $2,102/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 and Tax history

DateEventPrice
Mar 5, 1999
Source: N/A
Sold
$58,000

Market trends in Tempe

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$461K
$1.5KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$0MoM
Available listings
593
22MoM

Around this home

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

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 $433,700.
  • 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 seller's market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $461K. That is down $1.5K from the prior month.
  • Does 940 E Tempe Dr have air conditioning?
    Yes, 940 E Tempe Dr has air conditioning.

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Apartments for Rent

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Off Market Homes Near 940 E Tempe Dr

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