$374,950

1061 W 5TH Street 3, Tempe, AZ 85281

Land
Built in ——
10,454sqft lot
—— car garage
$——/sqft
Listed 7 months ago

Property Description

Awesome opportunity to build housing a mile from ASU! This project includes all 4 lots plus approved plans for 3 homes plus easement from 5th St done! Possibility of 4 homes with rezoning to R4 which is already on the Master Community Development plans. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC and are being sold including approved plans - currently expired - needs renewing. Whatever you build, the footprint of the buildings should not cover more than 5000sf with max height - 30 feet. Please check with Lucas at City Planning before writing offer - prior escrow fell out because they did not check with Lucas during DD period. Parents are selling this land after son moved out of state and they (continued in Supplement) cannot finish project without him being here. Updated info seller found out from Tempe City Planning FYI. (Please verify for yourself of course - not to be relied upon.) He said the property is now zoned R3 but could be changed to R4, with preliminary review and a rezoning application. On the Master Community Development plans they already have property as an R4, so it may not be as extensive to change it from R3 to R4, which would expand the number of units (if buyer wants to apply for the rezoning). Seller also learned that if garages were part of the footprint sq ft, it could lend itself to be 4 units rather than 3 units, because of the parking ratio. Hurry before someone else grabs this!

Listing Status:: Active
Date Added:: June 30, 2025 at 05:00AM
Listing Office:: Kate Rose Realty : 602-722-7673
Listing Agent:: Kate Rose : 602-722-7673
MLS ID:: 6846759

General: None

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Tempe Union High School District
County: Maricopa

Topography: Level
Zoning: R-312436190
Fencing: Block

Water: City Franchise
Sewer: Sewer - Available

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Kate Rose, Kate Rose Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Scales Technology Academy

1115 W 5th St, Tempe, AZ, 85281

Grades KG-5

0.05 miles away

Gililland Middle School

1025 S Beck Ave, Tempe, AZ, 85281

Grades 6-8

0.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.