
Residential Land for Sale in Tempe, Arizona
1061 W 5th St, Tempe, AZ 85281
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.
Location
- Street address
- 1061 W 5th St, Unit : 3
- County
- Maricopa County
- Community
- Treble
- School district
- Tempe Union High School District
- Elevation
- 1,152 feet
Directions
On south side of 5th St between Beck and Hardy, just one mile west of ASU. East of Scales Technology Academy Elementary School. Use the adjacent condo entrance/easement access road.
Property details
- Lot size
- 0.24 acres10,454 sq ft
- Zoning
- R-3
- MLS #
- ARMLS 6846759
- Posted
Property taxes
- 2024
- $333 - LOT 3 TREBLE MCR 149024
Parcels
- 124-36-190
Legal description
LOT 3 TREBLE MCR 149024
Details and features
Listing
- Type
- Land
Lot
- Features
- East/ West Exposure
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Tempe High School | High | Tempe Union High School District | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 4, 2025 | Price drop | $299,000 | $75,950 -20.3% | ARMLS |
| Oct 17, 2025 | Price drop | $374,950 | $50 -0.01% | ARMLS |
| Oct 7, 2025 | Price increase | $375,000 | $63,000 20.2% | ARMLS |
| Sept 13, 2025 | Price drop | $312,000 | $12,000 -3.7% | ARMLS |
| July 24, 2025 | Price drop | $324,000 | $900 -0.3% | ARMLS |
| June 30, 2025 | New listing | $324,900 | — | ARMLS |
| Apr 26, 2025 | Listing removed | $325,000 | — | Listing agent |
| Apr 13, 2025 | Price drop | $325,000 | $24,900 -7.1% | ARMLS |
| Apr 5, 2025 | New listing | $349,900 | — | ARMLS |










