Browse All University Estates Properties for Sale

Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

111 E Bonita Way, Tempe

Listing courtesy of Listing Agent: Brian J Cunningham (480-370-6160) from Listing Office: eXp Realty.

$925,000

4 Beds ⋅ 3 Baths ⋅ 7048679 MLS

Nestled in one of the most sought-after and unique pockets of Tempe, this beautifully updated 4-bedroom, 3-bathroom home offers a rare blend of tranquility, charm, and timeless character. Surrounded by mature, towering trees and lush greenery, the property sits on a sprawling lot with expansive front and back yards that create a serene oasis just minutes from Arizona State University, Tempe Town Lake, and downtown Scottsdale. Step inside and you'll immediately appreciate the tasteful updates and thoughtful finishes throughout. The stylish kitchen features crisp white cabinetry, quartz countertops, stainless appliances, and an island with seating that flows effortlessly into the light-filled living spaces, anchored by a stunning stone fireplace. The spacious laundry room is a true standout -- complete with abundant cabinetry, generous counter space, and a built-in mudroom bench that makes everyday living effortless. Out back, the possibilities are endless. A separate air-conditioned workshop offers the perfect space for hobbies, projects, or a private studio, while the huge grassy yard, mature shade trees, and covered patio create an outdoor escape ideal for entertaining and evenings under the stars. And with a rare 2-car garage -- a true find in this neighborhood -- there's room for everything. It's an incredible opportunity to live in a neighborhood that offers both privacy and proximity to all the best that Tempe has to offer. Don't miss your chance to make this remarkable place your home!

115 E Encanto Drive, Tempe

Listing courtesy of Listing Agent: Shant Janesian (480-370-8501) from Listing Office: Pak Home Realty.

$999,000

6 Beds ⋅ 4 Baths ⋅ 7047489 MLS

Spacious and beautifully updated, this 6-bedroom, 4-bath home offers exceptional versatility in a quaint neighborhood just minutes from the ASU campus. Recent upgrades, including new AC units, provide modern comfort and peace of mind. The private backyard features a sparkling pool surrounded by mature landscaping, creating the perfect space to relax or entertain. With no HOA, you'll enjoy added flexibility and freedom. This property has generated positive cash flow as a rental, making it an outstanding investment opportunity, while its generous layout also makes it ideal for multigenerational living. A rare combination of size, location, updates, and income potential!

137 E Vista Del Cerro Drive, Tempe

Listing courtesy of Listing Agent: Gracie D Smith (928-830-2059) from Listing Office: Realty ONE Group.

$690,000

3 Beds ⋅ 2 Baths ⋅ 7021127 MLS

This stunning home has been completely transformed from top to bottom, offering true turnkey convenience with modern upgrades throughout. Inside, you'll find fresh paint, new flooring, windows and doors, and a thoughtfully designed layout that blends comfort with style. The spacious primary suite features a private en suite bathroom. A large laundry room with flexible space adds extra functionality--ideal for a home office or additional storage. Situated on an oversized lot, this property boasts both a generous front and backyard with lush grass and irrigation, offering plenty of room to relax or entertain. Nestled in a beautiful, quiet neighborhood, you'll enjoy the best of both worlds-peaceful living just minutes from ASU and some of Tempe's best shopping and dining destinations

117 E Vista Del Cerro Drive, Tempe

Listing courtesy of Listing Agent: Gracie D Smith (928-830-2059) from Listing Office: Realty ONE Group.

Selling Office: Jason Mitchell Real Estate.

$669,000

4 Beds ⋅ 2 Baths ⋅ 7017678 MLS

Premier ASU Investment Opportunity! Fully renovated and move-in ready, this rare property sits on an oversized 11,000+ sq. ft. lot just minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. The expansive lot offers future value-add potential, including the possibility of an ADU, casita, or other improvements (buyer to verify with the City of Tempe). Conveniently located near ASU, Tempe Marketplace, Downtown Tempe, Loop 202, and Sky Harbor Airport. A unique opportunity to own a turnkey property with immediate rental appeal and long-term upside in one of Tempe's most desirable locations.

111 E Bonita Way, Tempe

Listing courtesy of Listing Agent: Brian J Cunningham (480-370-6160) from Listing Office: eXp Realty.

$725,000

7011374 MLS

*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

1610 S College Avenue, Tempe

Listing courtesy of Listing Agent: Ruby Threlkel (623-326-0029) from Listing Office: Delex Realty.

$665,000

3 Beds ⋅ 3 Baths ⋅ 6890238 MLS

Highly sought-after University Estates location-- Less than1 mile to ASU, and less than that to ASU Gammage. This updated 3 bed, 2.5 bath home features recently painted interior & exterior, updated roof, updated kitchen with island & island bar seating, pot filler and recessed lighting. Flooring updated throughout. Primary suite includes renovated bathroom with large walk-in shower, & tub. Additional updates include ceiling fans, secondary bath updated. climate controlled 1 1/2 car garage with a workshop area/cabinets and half bath/laundry area. Low-maintenance backyard with artificial turf & patio areas. & flood-irrigated front yard, No HOA. Conveniently located near downtown Tempe, restaurants, & freeway access.

100 E Encanto Drive, Tempe

Listing courtesy of Listing Agent: Aron Johnson (602-374-0859) from Listing Office: Russ Lyon Sotheby's International Realty.

Selling Office: West USA Realty.

$897,250

3 Beds ⋅ 2 Baths ⋅ 6850018 MLS

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 step inside, you'll immediately notice the incredible attention to detail and stylish finishes throughout. Every room boasts a distinctive character that makes this home truly one-of-a-kind. From the gourmet kitchen with custom cabinetry and sleek quartz countertops to the spacious living areas, this home has been designed to elevate the living experience. The inviting master suite offers a peaceful retreat, while the home's thoughtful layout ensures ample space for both relaxation and entertaining. The beautiful patio and fire pit area provide the perfect outdoor escape, perfect for evening gatherings under the stars. With a 1-car garage, modern amenities, and a prime location, this home is an absolute gem. It's an incredible opportunity to live in a neighborhood that offers both privacy and proximity to all the best that Tempe has to offer. Don't miss your chance to call this remarkable place home!

141 E Bonita Way, Tempe

Listing courtesy of Listing Agent: Shant Janesian (480-370-8501) from Listing Office: Pak Home Realty.

Selling Office: Keller Williams Realty East Valley.

$600,000

3 Beds ⋅ 2 Baths ⋅ 6701806 MLS

Charming 3 LARGE bedrooms, 2 bathroom home in the heart of Tempe. Easy access to I-60, seconds away from Tempe HS and minutes from ASU. Lush mature trees give the essence that you are not in Arizona and offer tremendous shade for the home. Tile throughout and very clean. The home has been owned by the same family since purchased in the 1950's. Spectacular GEM in an ideal location for yourself or tenants. Don't miss this opportunity to own a piece of Tempe's history in one of its most sought-after neighborhoods.

133 E Vista Del Cerro Drive, Tempe

Listing courtesy of Listing Agent: Nicholas Martinez () from Listing Office: Polly Mitchell Global Realty.

Selling Office: Compass.

$400,000

2 Beds ⋅ 1 Baths ⋅ 6661390 MLS

MOVE-IN READY, single family home on a large lot with no HOA, close to ASU and convenient to freeways for commutes around the valley. This home offers 2 bedrooms with walk-in closets and 1 bath with tile floors and neutral two-tone paint throughout. The kitchen has recessed lighting, newer cabinetry, granite countertops, stainless electric range, built-in microwave, and pantry. The updated bath has granite countertops, decorative mirror and tiled shower. Other features include a new AC (2023), ceiling fans and window coverings; large, fenced backyard with RV gate; inside laundry, and carport with storage area. Great investment opportunity! Hurry and see today!

156 E Broadway Lane, Tempe

Listing courtesy of Listing Agent: Beth M Rider (602-315-8749) from Listing Office: Keller Williams Arizona Realty.

Selling Office: The Property Boutique.

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