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Overview
Location
Mortgage
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111 E Bonita Way Tempe, AZ 85281
$850,000
ACTIVEBeds
5
Baths
3
Sqft
Year
1951
Days on Site
19 Days
Property Type
Multiple Dwellings
Sub Type
Per Square Foot
$850,000
Date Listed
Aug 14, 2026
Description of 111 E Bonita Way, Tempe, AZ 85281
Listing details for 111 E Bonita Way, Tempe, AZ 85281 : 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.
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Listing Updated : 08-19-2026 at 5:54 PM MST
Listing Provided By : Brian J Cunningham, 480-370-6160, eXp Realty
Source :
ARMLS, MLS#: 7067136
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Property Details
Property Overview
Listing Price
$850,000
MLS #ID
7067136
Price
$850,000
Bedrooms
5
Bathrooms
3
Square Footage
Year
1951
Days on Site
19 Days
Property Type
Multiple Dwellings
Property Sub Type
Price per Sq Ft
$0
Date Listed
Aug 14, 2026
Location
Street Address
111 E Bonita Way
City
State
Arizona
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Head toward S Mill Ave. Turn left onto E Broadway Rd. Turn left onto S Encanto Dr. Turn right onto E Bonita Way. Home will be on the right.
Schools
Elementary School
Middle School
High School
School District
Home Specification
Bedrooms
5
Construction / Architecture
Year Built
1951
Construction Materials
Painted and Slump Block
Roof
Composition
New Construction
No
Price per Sq Ft
$0
Lot Dimensions
Irregular
Zoning
Residential
Interior Details
Flooring
Carpet and Vinyl
Fireplace
No
Heating
Electric
Cooling
Central Air
Exterior Details
Garage
Yes
Total Parking
1.5
Parking Features
Detached Garage
Fencing
None
Water Source
City Franchise
Sewer
Public Sewer
Community Features
No Pool
Additional Features
Road Surface Type
Asphalt
Taxes, HOA & Financing
Annual Property Tax
$1,683.00
HOA Fee Includes
None
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For more information on this listing contact us at 480-233-6433
Property History
DateEventPrice
8/14/2026
Listed for sale
$850,000 +27.1%
Source:ARMLS #7067136
ARMLS #7067136 8/11/2026
Listing removed
$669,000 0%
Source:ARMLS #7017678
ARMLS #7017678 7/28/2026
Price Change
$669,000 -0.7%
Source:ARMLS #7017678
ARMLS #7017678 7/20/2026
Price Change
$674,000 -2.7%
Source:ARMLS #7017678
ARMLS #7017678 6/10/2026
Price Change
$692,900 -1%
Source:ARMLS #7017678
ARMLS #7017678 5/6/2026
Price Change
$700,000 -3.4%
Source:ARMLS #7017678
ARMLS #7017678 4/22/2026
Listed for sale
$725,000
Source:ARMLS #7017678
ARMLS #7017678Interested in 111 E Bonita Way, Tempe, AZ 85281?
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For more information on this listing contact us at 480-233-6433
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For more information on this listing contact us at 480-233-6433