Luxury homes for sale & real estate in Downtown Tempe-Rio Salado, AZ

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ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 * * Buyer to verify all facts, figures, schools & measurements * *

$1,600,000

— beds— baths— sq ft

1229 E Spence Ave, Tempe, AZ 85281

Heart of asu campus • Multi family land • R-4 zoned

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Three separate detached units on the lot, LOCATION, LOCATION, LOCATION! Unique opportunity in desirable area of Tempe, walking distance ASU campus and downtown Tempe attractions. The main house is about 1800 square feet with 3 bedrooms 2 baths, second home (1224 1/2 Maple) is a 2 bedroom 2 bath, third (1224 3/4 Maple) is a 1 bedroom 1 bath with great room which could be turned into second bedroom. All units have been updated with flooring, baths and kitchen remodels. Alley access for the back units plus a drive through tandem garage and covered parking space.

$1,148,000

— beds— baths— sq ft

1224 S Maple Ave, Tempe, AZ 85281

Alley access • Updated baths • Updated flooring

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Soar where the eagles fly—atop Tempe Town Lake's most exclusive residence, Bridgeview Condominiums. Spacious 12th-floor penthouse redefines Arizona luxury with 5,186 sq ft of sophisticated design and breathtaking lake, mountain, and skyline views. Three ensuite retreats, a chef's kitchen with Sub-Zero, Wolf & Miele appliances, and expansive private terraces create the ultimate indoor-outdoor lifestyle. Every detail reflects refined craftsmanship, privacy, and prestige unmatched anywhere in the Valley—even Scottsdale. Enjoy a private elevator, spa, and the some of the largest patios in the building ideal for relaxing or entertaining under the stars. Built with premium glass

$4,625,000

3 beds3.5 baths5,186 sq ft

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

Private elevator • Premium glass • Chef's kitchen

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Very special opportunity in this 3BR/2B ASU/15th Street neighborhood. Lovely home on over 1/3 Acre in downtown Tempe-ASU'S Arcadia! This EPIC home, built in 1948 has been meticulously manicured & maintained with many original features: cove ceilings, plaster walls, archways, built-ins, beamed ceilings in den/office, tongue & groove wood. Windows, HVAC, Roof, Kitchen/Bath/Flooring all tastefully updated. Very private outdoor living w/ pergola & outdoor BBQ, Surrounded by mature lush & gorgeous trees. Attached Carriage house w/ laundry, storage & soaring beamed ceilings has incredible potential for addition to this lovely home. RV gate at the end of the over 100

$850,000

3 beds2 baths1,235 sq ft

22 E 15th St E, Tempe, AZ 85281

0.36 acre lot • 8 parking spots • Built 1948

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus! This turnkey, multi-unit property includes: Three 2 bed / 1 bath units One 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready, featuring: Modern kitchens with updated appliances In-unit washer/dryer Spacious covered patios Private, fenced yards Dedicated carports with additional storage Ample overflow parking in the back lot. Located just 1,200 feet from the iconic Frank Lloyd Wright-designed Gammage Theater, and only a 3

$2,595,000

8 beds5 baths— sq ft

117 W 10th St, Tempe, AZ 85281

16 parking spots • Built 1977 • Listed 49 days

Property at 1218 S Farmer Ave, Tempe, AZ 85281, 7 beds, 8 baths

$1,675,000

7 beds8 baths— sq ft

1218 S Farmer Ave, Tempe, AZ 85281

Property at 140 E Rio Salado Pkwy #507, Tempe, AZ 85281, 2 beds, 2 baths

$1,075,000

2 beds2 baths1,686 sq ft

140 E Rio Salado Pkwy #507, Tempe, AZ 85281

Property at 626 S Wilson St, Tempe, AZ 85281

$2,500,000

— beds— baths— sq ft

626 S Wilson St, Tempe, AZ 85281

Property at 725 E Encanto Dr, Tempe, AZ 85281, 7 beds, 7 baths

$1,400,000

7 beds7 baths2,605 sq ft

725 E Encanto Dr, Tempe, AZ 85281

Property at 14 E 14th St, Tempe, AZ 85281, 2 beds, 3 baths

$1,349,000

2 beds3 baths2,633 sq ft

14 E 14th St, Tempe, AZ 85281

Property at 1219 S Farmer Ave, Tempe, AZ 85281, 5 beds, 7 baths

$1,470,000

5 beds7 baths— sq ft

1219 S Farmer Ave, Tempe, AZ 85281

Property at 120 E Rio Salado Pkwy E #102, Tempe, AZ 85281, 2 beds, 2.5 baths

$995,000

2 beds2.5 baths1,840 sq ft

120 E Rio Salado Pkwy E #102, Tempe, AZ 85281

Property at 1401 S Rita Ln, Tempe, AZ 85281, 3 beds, 4 baths

$995,000

3 beds4 baths2,000 sq ft

1401 S Rita Ln, Tempe, AZ 85281

Property at 1234 S Farmer Ave, Tempe, AZ 85281

$949,995

— beds— baths— sq ft

1234 S Farmer Ave, Tempe, AZ 85281

Property at 522 W Howe St, Tempe, AZ 85281

$1,000,000

— beds— baths— sq ft

522 W Howe St, Tempe, AZ 85281

Property at 63 W 13th St Unit 63 & 69, Tempe, AZ 85281

$2,950,000

— beds— baths— sq ft

63 W 13th St Unit 63 & 69, Tempe, AZ 85281

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ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Enjoy comfort and convenience in this well-appointed home featuring two Jack-and-Jill suites on opposite wings, quartz countertops, durable vinyl flooring, and sleek flush-mount lighting. The primary suite includes a walk-in closet and ¾ bath with safety grab bar. Each bedroom offers private vanities, built-in desks, ceiling fans, and extra storage. The fully equipped kitchen boasts Whirlpool and Frigidaire appliances plus plenty of storage. Ideally located near ASU, Tempe Town Lake, Mill Ave, and top dining and shopping spots. Attic storage included!

$899,000

6 beds4 baths2,627 sq ft

1314 E Orange St, Tempe, AZ 85281

Quartz countertops • Walk-in closet • Built-in desks

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Welcome to University Heights in Tempe, one of the most sought-after neighborhoods near Arizona State University. This unique property offers both a 3-bedroom, 1-bath main home (1,200 sq ft) and a brand-new 3-bedroom, 2-bath detached ADU (850 sq ft). The ADU is designed with private entrances for each bedroom, making it perfect for individual student rentals or flexible tenant arrangements. This property sits just minutes from campus, shopping, and nightlife, making it an ideal investment for student housing, multi-generational living, or owner-occupied income generation.

$899,000

6 beds3 baths— sq ft

1324 E Hall St, Tempe, AZ 85281

Detached adu • Private entrances • Minutes from campus

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
MultiFamily Developer Opportunity to acquire and assemble multiple land parcels for redevelopment. Property has been rezoned to MultiFamily and previous developer was unable to close. Home is in As-Is Where-Is although rental income is possible for a Buyer who choses to buy and hold.

$850,000

3 beds2 baths1,820 sq ft

1887 E Hayden Ln, Tempe, AZ 85281

0.42 acre lot • 6 parking spots • Built 1957

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
MultiFamily Developer Opportunity to acquire and assemble multiple land parcels for redevelopment. Property has been rezoned to MultiFamily and previous developer was unable to close. Homes are As-Is Where-Is although rental income is possible for a Buyer who choses to buy and hold. This offering is for two parcels 1895 & 1903 E Hayden Lane. .832 acres (2 lots) Agent also has 1887 E Hayden Ln listed

$899,000

2 beds1 bath2,346 sq ft

1903 E Hayden Ln, Tempe, AZ 85281

0.83 acre lot • Parking • Built 1964

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. Tempe is in e

$999,000

4 beds4 baths— sq ft

914 S Kenwood Cir, Tempe, AZ 85281

Quartz counters • Modern cabinetry • In unit laundry

ABOUT THIS HOME
Luxury Home for sale in Downtown Tempe-Rio Salado, AZ:
Here it is, the Multi-Family HIGH DENSITY opportunity you've been waiting for. Located by ASU and the heart of Tempe. This is two parcels totaling 30,882 SqFt (1871 & 1879 E Hayden Lane). Zoned R4, High Density. Perfect for a brand new apartment complex, This property has been in the family for nearly 6 decades, and it's finally available for development. Don't blink, there are very few large parcels like this available, let alone in such a fantastic, central location with high rents. Currently there are two small houses on the land. Buyer to verify all information.

$1,700,000

— beds— baths— sq ft

1871 E Hayden Ln Unit D, Tempe, AZ 85281

Zoned r4 • High density • Central location

Luxury Homes for Sale in Downtown Tempe-Rio Salado

There are currently 16 luxury homes for sale in Downtown Tempe-Rio Salado at a median listing price of $485K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Downtown Tempe-Rio Salado stay on the market for 89 days and receive 1 offers. Popular neighborhoods include Old Town, Central Phoenix, South Mountain, Camelback East, and Downtown Tempe. This map is refreshed with the newest listings in Downtown Tempe-Rio Salado every 15 minutes.

In the past month, 18 homes have been sold in Downtown Tempe-Rio Salado. In addition to houses in Downtown Tempe-Rio Salado, there were also 41 condos, 17 townhouses, and 6 multi-family units for sale in Downtown Tempe-Rio Salado last month. Find your dream home in Downtown Tempe-Rio Salado using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Downtown Tempe-Rio Salado are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Downtown Tempe-Rio Salado. If you're looking to sell your home in the Downtown Tempe-Rio Salado area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Downtown Tempe-Rio Salado with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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