# 700 W UNIVERSITY Drive #122, Tempe, AZ 85281 > **TL;DR:** 2bd/1ba multi-family, $240,000 ($286/sqft), built 1982, 840 sqft. > A/C. Est. $1,499/mo. Listed 131 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $240,000 | | Price/sqft | $286 | | Bedrooms | 2 | | Bathrooms | 1 full | | Square Feet | 840 | | Year Built | 1982 | | Lot Size | 65 sqft (0.00 acres) | | Stories | 2 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 131 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,214 | | Estimated Insurance | $70 | | HOA | $215 | | **Total** | **$1,499** | ## Nearby Schools - **Elementary:** Scales Technology Academy - **Middle:** Geneva Epps Mosley Middle School - **High:** Tempe High School ## Key Amenities - A/C ## Property Highlights - Built in 1982 - 0.00 acre lot - 2 stories ## Description ### Agent Description Prime Tempe Location! Spacious, Freshly Painted Property Near ASU -- Great Investment Opportunity! Location, space, and value! This wonderful property is freshly painted and ready for its next owner. The home features a spacious kitchen with upgraded appliances and an abundance of cabinet and storage space, making it both functional and comfortable. Located conveniently near Tempe Downtown and Arizona State University (ASU), this property is an excellent opportunity for investors, college students, parents purchasing for their ASU student, or buyers looking for strong rental potential. " Close to ASU campus = degrees Excellent opportunity for investors ' Ideal for college students =E Great potential for rental income Prime location + spacious living + proximity to ASU = an opportunity you won't want to miss! Whether you're looking for a home for your college student or an investment property in a desirable Tempe location, come see what this property has to offer. ## Location - **Address:** 700 W UNIVERSITY Drive #122, Tempe, AZ 85281 - **County:** Maricopa - **Neighborhood:** SCENE 1 CONDOMINIUMS - **Coordinates:** 33.422826, -111.948598 - **Google Maps:** https://www.google.com/maps?q=33.422826,-111.948598 ## Listing Agent - **Name:** Pawan Gulati - **Brokerage:** HomeSmart - **Phone:** 6026255524 - **Broker Phone:** (602) 230-7600 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/700-W-University-Dr-Unit-122_Tempe_AZ_85281_M19214-81506?f=listhub&s=ARMLSAZ&m=7039225&c=propsimple) ## Photos ![700 W UNIVERSITY Drive #122 - Photo 1](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f4189996576r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 2](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f811067393r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 3](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3609055450r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 4](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3019022589r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 5](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f496557296r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 6](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f4170297759r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 7](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f1371696908r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 8](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f1445868049r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 9](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f1994709054r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 10](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f714318770r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 11](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f2461860860r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 12](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3563822896r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 13](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f672960504r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 14](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3596401821r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 15](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f1907454937r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 16](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f482414319r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 17](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3377195731r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 18](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f219914981r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 19](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3177626100r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 20](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3496619733r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 21](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f3799651533r.jpg) ![700 W UNIVERSITY Drive #122 - Photo 22](http://lh.rdcpix.com/88b3c6447630c998595d0cee8d7a4710l-f1595093716r.jpg) --- **MLS#:** 7039225 | **Updated:** 2026-10-13 **Source:** listhub *Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/700-w-university-drive-tempe-az-85281-7039225) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/700-w-university-drive-tempe-az-85281-7039225#listing", "url": "https://www.propertysimple.ai/listing/700-w-university-drive-tempe-az-85281-7039225", "name": "700 W UNIVERSITY Drive #122, Tempe, AZ 85281", "description": "Prime Tempe Location! Spacious, Freshly Painted Property Near ASU -- Great Investment Opportunity! Location, space, and value! This wonderful property is freshly painted and ready for its next owner. The home features a spacious kitchen with upgraded appliances and an abundance of cabinet and storage space, making it both functional and comfortable. Located conveniently near Tempe Downtown and Arizona State University (ASU), this property is an excellent opportunity for investors, college students, parents purchasing for their ASU student, or buyers looking for strong rental potential. \" Close to ASU campus = degrees Excellent opportunity for investors ' Ideal for college students =E Great potential for rental income Prime location + spacious living + proximity to ASU = an opportunity you won't want to miss! 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