MLS# 7017678 – 111 E Bonita Way, Tempe, AZ 85281

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$692,900 - 4Br/2Ba - for Sale in University Estates, Tempe
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Price: $692,900
Beds: 4
Baths: 2
Living Area SqFt: 1,572
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.26
Lot Size SqFt: 11,273
Year Built: 1951
Neighborhood: University Estates
Days on Website: 85

Courtesy of eXp Realty

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Property Description

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.

Open House

Property Details and Features

  • Appliances & Equipment
  • “Refrigerator”
  • “Disposal”
  • “Electric Cooktop”
  • “Built-In Electric Oven”
  • Bathrooms
  • 2 full bathrooms
  • 2 total bathrooms
  • Bedrooms
  • 4 total bedrooms
  • Building
  • Built in 1951
  • Architectural style: “Ranch”
  • Living area: 1572
  • Construction materials: “Painted”, “Slump Block”
  • Cooling
  • “Central Air”
  • Accessibility Features
  • Accessibility features: “Bath Grab Bars”
  • Exterior Features
  • “Screened in Patio(s)”
  • Fence
  • “Back Yard”
  • “Block”
  • Floors
  • “Carpet”
  • “Vinyl”
  • Garage
  • 1 spaces
  • Heating
  • “Electric”
  • Home Owner’s Association
  • Association fee includes: “No Fees”
  • Interior Features
  • “High Speed Internet”
  • “Breakfast Bar”
  • “No Interior Steps”
  • “Laminate Counters”
  • Laundry
  • “Inside”
  • “Gas Dryer Hookup”
  • Listing
  • Listing ID: 7017678
  • Standard status: Active
  • 85 days on market
  • Location
  • Subdivision name: UNIVERSITY ESTATES
  • Lot
  • 0.26 acres
  • 11,273 sqft
  • “North/South Exposure”
  • “Grass Front”
  • “Grass Back”
  • Parking
  • “Detached Garage”
  • “Detached”
  • Possession
  • “Close Of Escrow”
  • Property
  • Patio and porch features: “Covered Patio(s)”
  • Roof
  • “Composition”
  • Schools
  • Elementary school: Broadmor Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $1,683
  • Lot: 25

Property Map

$692,900 – 111 E Bonita Way, Tempe, AZ 85281

Street View

Nearby Schools

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This content last updated on July 16, 2026 5:21AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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