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1061 W 5TH Street 3, Tempe, AZ, 85281

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$299,000
245 Days On Site

1061 W 5TH Street 3
Tempe, AZ 85281

For Sale|Land|Active
Subdivision:
TREBLE
County:
Maricopa

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1061 W 5TH Street 31061 W 5TH Street 31061 W 5TH Street 31061 W 5TH Street 3
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Awesome opportunity to build housing a mile from ASU! Easement from 5th St is in place. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC. Whatever is built, the footprint of the buildings should not cover more than 5000sf, with max height - 30 feet. Please check with Lucas at City of Tempe Planning before writing offer. He tells us a pre-planning review can be done over the phone or in person. Prior escrow fell out because buyer wanted to do 8 units. Parents are selling this land after son moved out of state. (Continued in Supplement) 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 (3 dwellings) but could be changed to R4 (4 dwellings), with preliminary review and a rezoning application. On the Master Community Development plans they already have property as an R4, so it should be easy to change it to R4. 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! ALL FIGS/MEAS/INFO/SF/SCHOOLS APPROX. BUYER TO VERIFY ALL INFO OF IMPORTANCE TO THEM.

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Listing Snapshot
Price 
$299,000
Days On Site 
245 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.24 Acres
Year Built 
N/A
MLS® Number 
6846759
Status 
Active
Property Tax 
$333
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
2 days agoPrice changed to $299,000
5 months agoStatus changed to Active
8 months agoListing first seen on site
General Features
Acres 
0.24
Additional Property Use 
Multi-Family
Cross Street 
University Dr & Hardy St
Disclosures 
Soil TestSeller Prop Disc StmBoundary Survey AvlbFlood Elevation Certificate
Water Source 
Public
Zoning 
R-3
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Exterior Features
Fencing 
Block
Lot Features 
OtherSee Remarks
Other Structures 
None
Community Features
Financing Terms Available 
CashConventional
Roads 
Asphalt
School District 
Tempe Union High School District
Township 
1N
Schools
School District
Tempe Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Tempe High School
Listing courtesy of Kate Rose Realty.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2025-12-06 05:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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