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Downtown Tempe Homes for Sale

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  • /57

    $975,000 Open Sat 11AM - 2PM

    • 3 Beds
    • 2 Baths
    • 1,860 Sq Ft

    141 E Bonita Way, Tempe, AZ 85281

    Nestled in one of the most sought-after and unique pockets of Tempe, this fully remodeled 3-bedroom home offers a rare blend of tranquility, charm, and modern elegance. Surrounded by mature, massive trees and lush greenery, the property features sprawling front and back yards that create a serene oasis just minutes from Arizona State University, Tempe Town Lake, and downtown Scottsdale. As you

    Shant Janesian Pak Home Realty

    141 E Bonita Way, Tempe, AZ 85281
  • /54

    $425,000

    • 1 Bed
    • 1 Bath
    • 1,035 Sq Ft

    435 W Rio Salado Pkwy Unit 210, Tempe, AZ 85281

    Spacious condo all on 1 level except for laundry room basement which has direct entry from garage* No interior steps once you enter the living area* New A/C in 2023 w/10 year parts warranty & lifetime warranty on compressor* Dual-pane windows* Newer luxury vinyl floors* New light fixtures & ceiling fans* Open kitchen with big breakfast bar* Washer, dryer, refrig incl* Private covered patio with

    Kelly Hundelt Realty Executives

    435 W Rio Salado Pkwy Unit 210, Tempe, AZ 85281
  • /32

    $1,550,000

    • 7 Beds
    • 7 Baths
    • 2,605 Sq Ft

    725 E Encanto Dr, Tempe, AZ 85281

    Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping,

    Rob Sullivan Berkshire Hathaway HomeServices Arizona Properties

    725 E Encanto Dr, Tempe, AZ 85281
  • /18

    $1,200,000

    1440 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1440 S Stanley Place, Tempe, AZ 85281
  • /15

    $700,000

    • 4 Beds
    • 2 Baths
    • 2,450 Sq Ft

    1432 S Stanley Place, Tempe, AZ 85281

    Strong cash flow with this AZ OZ single-family on the doorstep to ASU, the 5th largest university in the US. Student-housing with $4000/month rent. Tenants pay all utilities, including water/sewer. Lease expiration 7/28/2025. Huge 2450 sf 5 bed/2 bath single-level house with newer pool in the backyard. 6+ CAP with low owner expenses. Available individually or as part of a package of 15 units (MLS

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1432 S Stanley Place, Tempe, AZ 85281
  • /21

    $800,000

    1424 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Available

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /18

    $800,000

    1428 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1428 S Stanley Place, Tempe, AZ 85281
  • /41

    $3,500,000

    1424 S Stanley Place, Tempe, AZ 85281

    This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.5 CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,500,000. Or sold individually: 1424

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /27

    $565,000

    • 2 Beds
    • 2 Baths
    • 1,055 Sq Ft

    420 W 1st St Unit 217, Tempe, AZ 85281

    Welcome to urban living at its finest at 420 West 1st Street, Unit 217, Tempe, AZ. This delightful 2-bedroom, 2-bathroom condo spans 1,055 sq ft, offering a harmonious blend of comfort and style. High ceilings and tile floors create an inviting ambiance in the living area, perfect for relaxation or entertaining. The modern kitchen features a breakfast bar and refrigerator, catering to all your

    Lisa Marvel Tull Compass

    420 W 1st St Unit 217, Tempe, AZ 85281
  • /15

    $585,000

    • 3 Beds
    • 3.5 Baths
    • 1,685 Sq Ft

    1427 S Terrace Rd, Tempe, AZ 85281

    This spacious and beautiful 3-bedroom home in Tempe is an exceptional investment opportunity. Located just a 1/4 mile from ASU and close to the light rail. Currently leased at $2,795/month through July 31, 2025, it offers immediate rental income and long-term potential. Inside, you'll find tile flooring throughout the main areas and plush carpeting in all bedrooms. Each generously sized bedroom

    Fady Abuhmaidan Urban and Company

    1427 S Terrace Rd, Tempe, AZ 85281
  • /24

    $374,000

    • 2 Beds
    • 1 Bath
    • 640 Sq Ft

    1424 S Bonarden Ln, Tempe, AZ 85281

    This charming 2-bedroom, 1-bathroom home is an absolute gem, offering an unbeatable location just a short walk or scooter ride from ASU Main Campus. Situated in one of Tempe's most desirable neighborhoods, this property is not only close to everything you need, but it's also in a Designated Opportunity Zone, providing even more potential for future growth.The home features a spacious backyard

    Paul Aslaber HomeSmart

    1424 S Bonarden Ln, Tempe, AZ 85281
  • /45

    $560,000

    • 3 Beds
    • 2 Baths
    • 1,273 Sq Ft

    154 W 5th St Unit 249, Tempe, AZ 85281

    Don't miss this rare chance to own in one of Tempe's most desirable locations! This gorgeous 3-bed, 2-bath townhome in Hayden Square offers modern elegance in an UNBEATABLE LOCATION. Just steps from Mill Ave, ASU, light rail, and top dining, this is urban living at its finest. Recent remodel includes kitchen with sleek finishes, new cabinetry and appliances, plus upgraded bathrooms with

    Lexy Sanchez eXp Realty

    154 W 5th St Unit 249, Tempe, AZ 85281
  • /15

    $349,899

    • 2 Beds
    • 2 Baths
    • 964 Sq Ft

    154 W 5th St Unit 157, Tempe, AZ 85281

    Location, style, and convenience come together in this incredible Tempe condo! Perfectly situated within walking distance to ASU and Mill Ave, with easy access to the airport, Old Town Scottsdale, and major freeways, this home puts you right where you want to be. Inside, you'll find a thoughtfully designed space with granite countertops, stainless steel appliances, and the convenience of an

    Bradley Stewart eXp Realty

    154 W 5th St Unit 157, Tempe, AZ 85281
  • /31

    $549,900

    • 2 Beds
    • 2 Baths
    • 1,342 Sq Ft

    21 E 6th St Unit 412, Tempe, AZ 85281

    Great opportunity to own this LIVE/WORK 2 bedroom/2 bathroom (2 underground parking spots) with amazing 4th floor views to the south over ASU. Live in the heart of Downtown Tempe, walk, bike or shuttle everywhere. Perfect for Asu students/employees (walk or bike to class) or anyone who wants to experience Urban Living! *Remodeled with new wood plank floors and complete new kitchen with large

    Brian Ivener NextHome City to City

    21 E 6th St Unit 412, Tempe, AZ 85281
  • /14

    $950,000

    908 S Mariana St, Tempe, AZ 85281

    Capitalize on a rare investment opportunity with this well-maintained four-plex, ideally situated in the heart of Tempe. This property boasts an unbeatable location, placing you within walking distance to the vibrant Arizona State University Tempe campus, ensuring consistent tenant demand. Additionally, you're just minutes away from the cutting-edge Novus Innovation Corridor, a hub of technology

    Garrett Pedicini Grace CRE

    908 S Mariana St, Tempe, AZ 85281
  • /43

    $1,150,000

    • 4 Beds
    • 4 Baths
    • 2,803 Sq Ft

    32 E 14th St, Tempe, AZ 85281

    Welcome to the highly sought after University Park neighborhood. Steps away from ASU, Gammage theater, and downtown Tempe. This home has been meticulously maintained, a perfect blend of historic charm and modern updates. Gorgeous flood irrigated lot with shady trees. Large guest house above the big 2 car garage, includes modern features and great views. Main house is 2205 sf, guest house is 598

    Hilary Sutter My Home Group Real Estate

    32 E 14th St, Tempe, AZ 85281
  • /61

    $685,000

    • 2 Beds
    • 2 Baths
    • 1,742 Sq Ft

    120 E Rio Salado Pkwy Unit 101, Tempe, AZ 85281

    Experience resort-style living in this beautifully updated 2 bed / 2 bath at the Edgewater Condominiums in Tempe. This rare ground-floor unit boasts 300 sq. ft. of private patio space with exclusive gated access to the lakeside. Inside, high-end designer finishes elevate the space, including wood-look tile flooring, a fully renovated chef's kitchen, and Hunter Douglas smart blinds. The kitchen is

    Rachael Richards RHouse Realty

    120 E Rio Salado Pkwy Unit 101, Tempe, AZ 85281
  • /62

    $4,625,000

    • 3 Beds
    • 3.5 Baths
    • 5,251 Sq Ft

    140 E Rio Salado Pkwy Unit 1205, Tempe, AZ 85281

    Discover the Pinnacle of Luxury Living at Tempe Town LakeWelcome to the Crown Jewel of Arizona's Luxury Real Estate—a stunning Penthouse on the 12th floor of the iconic Bridgeview Condominium. This is more than a home; it's a statement of elegance and exclusivity, offering the finest living experience in the valley.Unmatched Panoramic ViewsFrom sunrise to sunset, immerse

    Laura Clounch Bridgeview Condominiums at Tempe Town Lake

    140 E Rio Salado Pkwy Unit 1205, Tempe, AZ 85281
  • /47

    $725,000

    • 1 Bed
    • 1.5 Baths
    • 1,708 Sq Ft

    140 E Rio Salado Pkwy Unit 111, Tempe, AZ 85281

    Welcome to Your Dream Condo! 🏡Prepare to be blown away by this spectacular 1-bedroom + den, 1.5-bath, 1708 sq.ft. luxury condo offering a massive 810 sq.ft. patio..that redefines perfection. Boasting an expansive, open layout, this residence is appointed with top-tier, high-end finishes and thoughtfully designed custom built-ins—including a sleek desk and an elegant wine/bar setup

    Laura Clounch Bridgeview Condominiums at Tempe Town Lake

    140 E Rio Salado Pkwy Unit 111, Tempe, AZ 85281
  • /88

    $1,350,000

    • 3 Beds
    • 3 Baths
    • 2,633 Sq Ft

    14 E 14th St, Tempe, AZ 85281

    Entertainers Dream home, This California Style Classic Custom Home was built in 2011. OAK floors thru out, high tongue & groove ceilings, spacious open living area , beautiful custom cabinetry through out home. Custom Entertainment center, built in book shelves, high end appliances, Viking gas range. Stain glass, top of the line doors and hardware. Very well maintained home Huge Laundry room &

    Molly Dalton HomeSmart

    14 E 14th St, Tempe, AZ 85281
  • /52

    $1,290,000

    • 2 Beds
    • 2 Baths
    • 1,718 Sq Ft

    140 E Rio Salado Pkwy Unit 506, Tempe, AZ 85281

    Introducing a front lake rare gem of luxury living nestled in the heart of Tempe with unparalleled vistas.In your next home, you'll find a blend of sophistication and comfort with two spacious bedrooms and two bathrooms. The layout boasts a formal dining area and a living room with a cozy fireplace, leading to a balcony perfect for soaking in the panoramic views.The chef's kitchen is a

    Yadira Solorio Crane Crane Real Estate

    140 E Rio Salado Pkwy Unit 506, Tempe, AZ 85281
  • /46

    $2,274,000

    • 5 Beds
    • 5 Baths
    • 4,385 Sq Ft

    221 E 14th St, Tempe, AZ 85281

    This brand new mid-century modern ranch is truly something special. Built with impeccable style and exceptional attention to detail, not a detail was overlooked in this modern showpiece. The open floor plan is super livable, and each room features unique quality design elements. The custom kitchen is absolutely gorgeous with composite Caesarstone counters, beautiful tile backsplash, a huge

    Robert Joffe Compass

    221 E 14th St, Tempe, AZ 85281
  • /35

    $10,995

    • 4,588 Sq Ft

    21 E 6th St Unit 110-112, Tempe, AZ 85281

    Work in the heart of Downtown Tempe in this timeless 4,588 sf, 2 story, corner Brownstone office at the Lofts at Orchidhouse. The space can be leased as only one 2,250 s.f. office, or two offices at 2,250 s.f. each, or combined at 4,588 s.f. Stunning bay windows and high ceilings enclose this office with warm wood flooring on the 1st floor. Formal Reception, Desk seating for up to 35 to 40,

    Tom Tokoph Urban Realty & Development, LLC

    21 E 6th St Unit 110-112, Tempe, AZ 85281
  • /8

    $2,653

    • 342,563 Sq Ft

    1135 E Apache Blvd Unit 103, Tempe, AZ 85281

    Street retail space located at the base of a new luxury Park Place apartment complex. Conveniently located less than a quarter mile from Arizona State University. Walking distance away from Arizona State University. High residential density and visibility. Foot and street traffic. Just steps to light rail station.

    Don Mortensen LRA Real Estate Group, LLC

    1135 E Apache Blvd Unit 103, Tempe, AZ 85281
  • /34

    $460,000

    • 1 Bed
    • 1 Bath
    • 1,264 Sq Ft

    120 E Rio Salado Pkwy Unit 201, Tempe, AZ 85281

    Experience Tempe Town Lake living to it's finest! This beautiful condo has everything you need with a gourmet kitchen and appliances including refrigerator, gas cooktop/oven, DW. Also includes W/D, fireplace, prewired for surround sound and an extra storage room in the garage! This is the largest one bedroom floorplan available in Edgewater with a large patio offer stunning views of Tempe Town

    Diana Watson HomeSmart

    120 E Rio Salado Pkwy Unit 201, Tempe, AZ 85281
  • /33

    $1,250,000

    • 5 Beds
    • 3 Baths
    • 2,961 Sq Ft

    5 E 14th St, Tempe, AZ 85281

    Amazing Tempe Location Offering A Ton Of Possibilities. Just Steps Away From ASU, Grady Gammage And The Spectacular Entertainment District Of Down Town Tempe. Single Level 5 Bedroom And 3 Bathroom Home With Huge Lot And Private Pool And Entertaing Area. Newer Windows, Newer Main Sewer Line, Updated Kitchen And A Split Floor Plan Which Allows A Great Opportunity For Private Residence, Rental For

    David Kupfer Keller Williams Realty Sonoran Living

    5 E 14th St, Tempe, AZ 85281
  • /12

    $225,000

    • 1 Bed
    • 1 Bath
    • 631 Sq Ft

    1111 E University Dr Unit 244, Tempe, AZ 85281

    LOCATION! LOCATION! LOCATION!! Great condo, walking distance to ASU, light rail, Tempe Town Lake, Mill Ave, and popular eateries and grocery store. Steps away from bus stop and easy access to 101 & 202 freeways. Inside laundry w/ stacked washer and dryer and all kitchen appliances including built-in microwave. Spacious clubhouse, gas grills, picnic areas, sparkling pool and relaxing spa.

    Christine Coulter HomeSmart

    1111 E University Dr Unit 244, Tempe, AZ 85281
  • /48

    $790,000

    1413 S Jentilly Ln, Tempe, AZ 85281

    BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered; completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors.

    Fabiola Felix HomeSmart

    1413 S Jentilly Ln, Tempe, AZ 85281
  • /46

    $790,000

    1411 S Bonarden Ln, Tempe, AZ 85281

    BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered (gas & electric); completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New

    Fabiola Felix HomeSmart

    1411 S Bonarden Ln, Tempe, AZ 85281
  • /62

    $799,989

    1610 S College Ave, Tempe, AZ 85281

    This remodeled duplex property in Tempe! Upon arrival, you will be greeted with a well-kept landscape, a swaying shade tree, and a carport/covered patio! Walk into a great rooms inside, designed to maximize space for an airy feel. Offering wood-look floors, soothing paint, & recessed lighting. One living room showcases an accented fireplace, creating a warm & inviting atmosphere. Upgraded

    Ruby Threlkel DeLex Realty

    1610 S College Ave, Tempe, AZ 85281

About Downtown Tempe

Downtown Tempe, centered around University Drive and Mill Avenue, is a lively neighborhood with a mix of students, retirees, and long-term residents. Arizona State University is a major influence, leading to many rental properties available for students. Major employers like Honeywell and Carvana offer job opportunities, and the light rail system makes commuting easy. The neighborhood offers a variety of things to do, including outdoor activities at Tempe Town Lake and “A” Mountain, as well as cultural experiences at the Tempe Center for the Arts and the ASU Art Museum. Mill Avenue is a hub of entertainment with venues like the Valley Art Theater and the Low Key Piano Bar. Dining options include breakfast at Snooze and craft beers at Four Peaks Brewing Company. Residential streets feature single-family ranch-style homes, condos with Pueblo and Spanish eclectic elements, and luxury high-rise units with river views. Traffic can be heavy due to ASU's growth, but the light rail provides an efficient alternative. Sky Harbor International Airport is just four miles away. Despite the typical challenges of city living, the neighborhood's amenities and vibrant atmosphere attract a diverse range of residents.

Frequently Asked Questions

Is Downtown Tempe a good place to live?
Downtown Tempe is a good place to live. Downtown Tempe is considered fairly walkable and a biker's paradise with good transit options. Downtown Tempe is a suburban neighborhood. Downtown Tempe has 12 parks for recreational activities. It is somewhat dense in population with 8.6 people per acre and a median age of 26. The average household income is $59,751 which is below the national average. College graduates make up 61.7% of residents. A majority of residents in Downtown Tempe are renters, with 91.2% of residents renting and 8.8% of residents owning their home. A local real estate agent serving Downtown Tempe can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Tempe neighborhood guide.
Is Downtown Tempe, AZ a safe neighborhood?
Downtown Tempe, AZ is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Downtown Tempe?
The median home price in Downtown Tempe is $550,000. If you put a 20% down payment of $110,000 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $2,880 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $123K a year to afford the median home price in Downtown Tempe. The average household income in Downtown Tempe is $60K.
What are the best public schools in Downtown Tempe?
The best public schools that serve Downtown Tempe are:
What are the best private schools in Downtown Tempe?
The best private schools that serve Downtown Tempe are:
What are the most popular zip codes in Downtown Tempe, Tempe, AZ?
The most popular zip codes in Downtown Tempe, Tempe, AZ include 85142, 85251, 85255, 85207 and 85268.
What are the most popular neighborhoods near Downtown Tempe, Tempe, AZ?
The most popular neighborhoods near Downtown Tempe, Tempe, AZ are Maple Ash, Riverside, Marilyn Ann, Alameda and Gililland.

Home Trends in Downtown Tempe, AZ

Home Trends

Median Price (12 Mo)
$505,000
Median Single Family Price
$577,500
Median Townhouse Price
$547,500
Median 2 Bedroom Price
$510,000
Median 1 Bedroom Price
$433,250
Average Price Per Sq Ft
$415
Number of Homes for Sale
20
Last 12 months Home Sales
62
Months of Supply
3.90
Median List Price
$550,000
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
10%
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