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● For sale

$280,000

1245 W 1ST Street 116, Tempe, AZ 85281

RIO SALADO VILLAS · Maricopa County

2 beds 3 baths 1,072 sqft 54 acres Built 1985 $261 /sqft HOA $225/mo

Listed 4hrs ago

What's special

Fireplace

Description

Just minutes from Arizona State University, this 2-story townhome condo offers the perfect combination of location and lifestyle. Newer flooring throughout gives the space a clean, updated feel, and the two-level layout provides great separation of space. Step outside to a private front patio or head upstairs to the private balcony off the bedrooms -- outdoor space that truly sets this unit apart. Currently tenant-occupied with rental income in place, this property works equally well as an investment, a first home, or a future owner-occupant opportunity. Strong demand in this corridor means it holds its value year after year.

Property details

Interior

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1

Interior Features

Full Bth Master Bdrm
2 Master Baths
Pantry
Upstairs
Vaulted Ceiling(s)
Flooring: Laminate, Tile
Window Features: Skylight(s)

Appliances

Dishwasher
Refrigerator
Electric Oven
Electric Range
Stacked Washer/Dryer
Laundry Features: Inside

Heating and Cooling

Cooling Features: Ceiling Fan(s), Central Air
Heating Features: Electric
Fireplace: Yes
Fireplace Features: Wood Burning

Other Interior

Stories: 2

Exterior

Exterior and Lot Features

Balcony
Patio and Porch Features: Patio

Land Info

Lot Size Acres: 54.00
Lot Size Square Feet: 54

Garage and Parking

Carport Spaces: 1
Attached Garage: No
Parking Features: Assigned Parking

Community

Homeowners Association

Association: Yes
Association Fee: $225
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: $225
Association Fee Includes: Roof Repair, Roof Replacement, Water, Sewer, Trash

Neighborhood

Subdivision: RIO SALADO VILLAS

Listing

Other Property Info

Annual Tax Amount: $951
Source Listing Status: Active
County: Maricopa
Directions: W on 1st Street to Complex on Left
Property Subtype: Townhouse
Parcel Number: 124-28-069
Postal City: Tempe
Listing Date: 6/2/2026
MLS#: 7036269

Features

Building and Construction

Total Square Feet Living: 1,072
Year Built: 1985
Property Age: 41
Construction Materials: Wood Frame, Painted, Stucco
Roof: Foam
Stories: 2
Living Area Source: Assessor

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Deanna Heinze eXp Realty

Listing updated: June 2, 2026

MLS#: 7036269

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.