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

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1411 S Bonarden Ln, Tempe, AZ 85281
1411 S Bonarden Ln, Tempe, AZ 85281
1411 S Bonarden Ln, Tempe, AZ 85281
ABOUT THIS HOME
Downtown Tempe-Rio Salado, AZ Homes for Sale
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 Windows and Doors. Brand New Bathroom, New Kitchen with modern quartz countertops, white shaker cabinets, & SS Appliances. New porcelain tile and baseboards throughout. New washer/dryer combo inside the units. New synthetic stucco and fresh paint. Ample backyard with dividing fence for

$790,000

— beds— baths— sq ft

1411 S Bonarden Ln, Tempe, AZ 85281

7,140 sq ft lot • Very walkable

522 W Howe St, Tempe, AZ 85281
ABOUT THIS HOME
Downtown Tempe-Rio Salado, AZ Homes for Sale
TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ASU! * * DRIVE BY ONLY * * * * DO NOT DISTURB TENANTS * * * * VIEWING ONLY AFTER ACCEPTED CONTRACT * *

$1,000,000

— beds— baths— sq ft

522 W Howe St, Tempe, AZ 85281

Very walkable

63 W 13th St Unit 63 & 69, Tempe, AZ 85281
ABOUT THIS HOME
Downtown Tempe-Rio Salado, AZ Homes for Sale
This ±1-acre site consists of two contiguous parcels located in Tempe's highly desirable Maple Ash Neighborhood, just steps from Arizona State University, Mill Avenue, and downtown Tempe. Currently zoned R-2 (allowing up to 10 units/acre), the property is designated Multi-Family Low-Moderate in the Tempe 2050 General Plan, supporting potential densities of up to 25 units/acre (see page 4). An exceptional infill opportunity in one of Tempe's most walkable and high-demand rental markets.

$3,950,000

— beds— baths— sq ft

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

0.99 acre lot • Somewhat walkable

919 S Wilson St #5, Tempe, AZ 85281
919 S Wilson St #5, Tempe, AZ 85281
919 S Wilson St #5, Tempe, AZ 85281
ABOUT THIS HOME
Downtown Tempe-Rio Salado, AZ Homes for Sale
Exceptional opportunity to acquire a prime urban infill lot just three blocks from Arizona State University. The property is re-zoned for four-units, with building plans currently in final phase for city approval. Ideally situated just steps from the vibrant dining, shopping, and amenities of Mill Avenue and University Drive—including Whole Foods, Oregano's, Pita Jungle, Starbucks, and more. Located in the heart of the ASU experience, this development offers strong demand and outstanding rental potential.

$545,000

— beds— baths— sq ft

919 S Wilson St #5, Tempe, AZ 85281

0.23 acre lot • Very walkable

1201 S Farmer Ave #1, Tempe, AZ 85281
1201 S Farmer Ave #1, Tempe, AZ 85281
1201 S Farmer Ave #1, Tempe, AZ 85281
ABOUT THIS HOME
Downtown Tempe-Rio Salado, AZ Homes for Sale
Seize a rare Urban Infill Opportunity in Tempe's sought-after Farmer Arts District w/ easy access to the Light rail & Tempe Streetcar it is a walkable, thriving neighborhood perfect for ASU Students. Close to Mill Ave, Tempe Town Lake, & ASU. This lot is ready to build & * fully entitled by the City of Tempe in Jan 2025 for a proposed 3-Story 4-plex residential apartment project. The 7,315 SF four-plex consists of 4-Three Bedroom Units or 12 bedrooms Total (See documents tab). Located near valley's most sought-after retailers, Residents will enjoy close access to an extensive selection of top retailers. The neighborhood offers a blend of vintage appeal & redevelopmen

$604,095

— beds— baths— sq ft

1201 S Farmer Ave #1, Tempe, AZ 85281

8,755 sq ft lot • Somewhat walkable

Property at 421 W 5th St #6, Tempe, AZ 85281

$795,000

— beds— baths— sq ft

421 W 5th St #6, Tempe, AZ 85281

Property at 1061 W 5th St #3, Tempe, AZ 85281

$324,900

— beds— baths— sq ft

1061 W 5th St #3, Tempe, AZ 85281

Property at 1190 S Maple Ave #1, Tempe, AZ 85281

$349,000

— beds— baths— sq ft

1190 S Maple Ave #1, Tempe, AZ 85281

Viewing page 3 of 3

Average home prices near Downtown Tempe-Rio Salado, AZ

Cities

Queen Creek homes for sale
$659,000
Tolleson homes for sale
$377,500
Sun Lakes homes for sale
$480,000
Goodyear homes for sale
$507,207
Tempe homes for sale
$499,945
Peoria homes for sale
$575,000
San Tan Valley homes for sale
$459,990
Scottsdale homes for sale
$929,000
Fountain Hills homes for sale
$697,000
Gilbert homes for sale
$625,000
Mesa homes for sale
$495,000
Paradise Valley homes for sale
$5,703,000
Glendale homes for sale
$461,545
Phoenix homes for sale
$489,000
Chandler homes for sale
$570,000

Neighborhoods

Downtown Tempe-Rio Salado, AZ real estate trends

All Home Types trends in Downtown Tempe-Rio Salado, AZ

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$438,328

-9.97% YoY | May 2025

1 year
3 year
5 year

Based on Redfin calculations of home data from MLS and/or public records.

Location

Data

May 2025

Growth

% YoY

Downtown Tempe-Rio Salado, AZ

$438,329

-9.97%

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