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Browse All Tempe AZ Between $400K - $500K Properties for Sale

$495,000
4 Beds 2 Baths 7051145 MLS 1,200 SqFt.
Do NOT disturb tenants, DRIVE-BY ONLY! Rare opportunity to own a home in the heart of Tempe WITH A STUDIO CASITA - close to ASU! Very charming, low maintenance & UPDATED!! This would make a great rental investment (currently rented for $2,500/mo) or live in the home and rent the casita for rental income; or use the casita as you like! AMAZING LOCATION: A short 2 min walk to the Blue Orbitz Bus (with connections to the Light Rail) and Valley Metro Bus pickups! Less than a mile to the 202! Just a 5 min drive to Sky Harbor Airport, 10 min drive to Downtown Phoenix and Old Town Scottsdale! Only a 5 min walk to the Light Rail, Mill Ave restaurants, shopping and nightlife, Tempe Beach Park and the ASU campus! Large concrete rear patio and new synthetic grass yard - with lots of room for pets, play, entertaining and more. New in 2023: fully remodeled kitchen and casita; all new interior doors, hardware, blinds, lighting, ceiling fans, interior and exterior painting; and newer roof and AC! Open, bright and very well maintained. Vaulted ceilings, warm custom paint tones and attractive low maintenance tile flooring throughout. Kitchen boasts gas cooking, all newer white shaker cabinets with quartz countertops, undermount sink, and ample cabinet and counter space. Bedrooms are generously sized with ceiling fans in each, and closet organizers. Private indoor laundry. Fully enclosed front and rear yards with no fuss landscaping. No HOA. This gem is a great combination of style and location - see it and make it yours - won't last long!! More photos coming soon!

315 S Beck Avenue, Tempe

$445,000
3 Beds 2 Baths 7044337 MLS 1,539 SqFt.
Beautifully updated home in a desirable Tempe location, offering a blend of modern updates, flexible living areas, and low-maintenance outdoor living. Fresh neutral finishes, wood-look tile flooring t/out, updated lighting, and abundant natural light create a clean, move-in-ready feel from the moment you enter. The spacious floor plan features an oversized dining room with custom built-in cabinetry and shelving, providing storage and entertaining space. Multiple living areas offer flexibility for working from home, hobbies, or creating the perfect media room. The kitchen features ample cabinetry, granite counters, and stainless-steel appliances. Private backyard designed for easy maintenance and year-round enjoyment with newly installed Gazebo. Over $75k in improvements - see supplement HOME IMPROVEMENTS since purchase: Fresh interior paint throughout in 2022 Shiplap to one bedroom wall in 2024 Window blinds to all rooms in 2022 Kitchen and laundry rooms have window blinds within the doors (built in) All windows replaced by previous owner. New GE stainless steel refrigerator in 2023 11/2025 - 12'x16' aluminum gazebo for backyard 3/2025 - installed/wired 3 ceiling fans w/ light kits in all bedrooms and family room 11/2024 - replaced all cast iron sewer ($21k) 5/2023 - new HVAC 2023 - refinished tub and shower 2022 & 2023 - 2 new bathroom vanities and installation and new toilets 10/2022 - ceramic tile plank flooring throughout 10/2022 - Backyard landscape (turf, fruit trees, pavers, pots) and front yard update (pavers, add rock)

1988 E Oxford Drive, Tempe

$450,000
4 Beds 2 Baths 7040780 MLS 1,791 SqFt.
Discover the perfect blend of location, flexibility, and modern updates in this refreshed Tempe home near Downtown Tempe, Arizona State University, and major transit including light rail, streetcar, Orbit bus, and Sky Harbor Airport. This spacious property offers multiple living areas with separate living and family rooms, plus a private rear master suite featuring an updated bathroom, new tiled shower, and walk-in closet. An adjoining flex room provides options for an office, gym, nursery, or bedroom. The updated kitchen includes white shaker cabinetry, quartz countertops, and a breakfast bar, making this home ideal for both comfortable living and strong rental or investment potential. Inside, you'll find thoughtful updates and versatile spaces throughout. Each secondary bedroom includes its own closet, and a nearby bonus room offers potential for a butler's pantry or workshop. Recent improvements include interior and exterior paint, newer roof (approx. 2 years), updated door hardware, and serviced A/C units (5-ton and 3-ton). Dual-pane windows enhance efficiency in the addition, while original front windows maintain mid-century character. Additional highlights include a large laundry room with washer and gas dryer hookups, an extended Arcadia door in the family room, carport parking, and accessible single-level living with a front entry ramp. The spacious lot features a newly added gate and fence on the east side yard, creating extra usable outdoor space. Note: home was not originally plumbed for a dishwasher, but space is available for a standalone unit.

1205 W 5th Street, Tempe

$495,000
4 Beds 2 Baths 7028024 MLS 1,953 SqFt.
Seller just dropped the price $82,000 on 8/20/2026.! Located in a peaceful pocket of Tempe, this beautifully updated 4-bedroom, 2-bath home offers the perfect blend of modern upgrades, comfort, and convenience. Featuring durable block construction and a high block wall for added backyard privacy, this home has been thoughtfully renovated throughout. Step inside to find newer paint, upgraded baseboards, Venetian bronze hardware, recessed lighting, and new fan/light fixtures throughout. The popcorn ceilings have been removed, and stylish vinyl plank flooring flows seamlessly through the entire home. The spacious living area is highlighted by a cozy wood-burning fireplace. The upgraded kitchen features quartz countertops, newer shaker-style cabinetry, stainless steel appliances an undermount stainless kitchen sink, and modern finishes designed for both style and functionality. The spacious primary suite includes blackout blinds and private access to the backyard. The remodeled primary bathroom offers double undermount sinks, upgraded mirrors, stainless fixtures, neutral-toned shower tile, and tasteful modern finishes. The secondary bathroom has also been beautifully updated with double undermount sinks, hard surface counters, upgraded mirrors, a new vanity, new toilet, and a tub/shower combination. Enjoy Arizona living in the backyard oasis featuring a diving pebble-tech swimming pool, covered patio, low-maintenance desert landscaping, and a extra storage shed. Additional upgrades include vinyl-frame dual-pane windows throughout, a new roof, new 4-ton Trane air conditioning unit, security closet, utility sink in the garage, electric garage door opener, new garage door, and garage side door. Ideally located minutes from top-rated schools, shopping, dining, and major freeways including the 101 and US-60, with easy access to ASU, Downtown Tempe, and Sky Harbor Airport--this home truly puts everything you need right at your doorstep.

1971 E Pegasus Drive, Tempe

$450,000
3 Beds 2 Baths 6999292 MLS 1,640 SqFt.
Beautifully updated Tempe home with private pool, modern upgrades, and incredible flexibility for both homeowners and investors. This spacious 3-bedroom, 2-bath property offers approximately 1,640 square feet of living space on a generous lot in a highly convenient Tempe location near ASU, major freeways, shopping, and dining. The home features an open and functional layout with an updated kitchen, upgraded appliances, and comfortable living spaces designed for everyday living or entertaining. Step outside to a private backyard oasis featuring a fully renovated pool with PebbleTec finish and heater (2022)--perfect for relaxing or hosting guests year-round. Major system upgrades provide peace of mind, including a new air conditioning system (2022), new sprinkler electrical and irrigation system (2021), and washer/dryer upgrades. The property also benefited from a full remodel in 2017 including replacement of the main water line, along with the addition of a rear privacy wall creating a quiet and secluded backyard space. With no HOA, strong rental demand, and a flexible layout suitable for both short-term and long-term rentals, this property also presents an outstanding investment opportunity. The home has previously performed exceptionally well as a short-term rental, while the most recent occupants enjoyed it as a full-time family residence--highlighting its versatility and broad appeal. Whether you're looking for a move-in ready primary residence, vacation property, or high-performing investment, this Tempe gem offers location, upgrades, and versatility. Rental and STR history available upon request.

4706 S Grandview Avenue, Tempe

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Between $400K - $500K Tempe Real Estate

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