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Residential Land for Sale in Tempe, Arizona

1061 W 5th St, Tempe, AZ 85281

$299,000
0.24 acres
Active
$76k drop
Est $2,069/mo

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
Community
Treble
School district
Tempe Union High School District
Elevation
1,152 feet
Coordinates
33.4248, -111.9544

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

Details and features

Listing

Type
Land

Lot

Features
East/ West Exposure

Nearby schools

NameLevelDistrictDescription
Tempe High SchoolHighTempe Union High School District

Listing history

DateEventPriceChangeSource
Dec 4, 2025Price drop$299,000$75,950 -20.3%ARMLS
Oct 17, 2025Price drop$374,950$50 -0.01%ARMLS
Oct 7, 2025Price increase$375,000$63,000 20.2%ARMLS
Sept 13, 2025Price drop$312,000$12,000 -3.7%ARMLS
July 24, 2025Price drop$324,000$900 -0.3%ARMLS
June 30, 2025New listing$324,900ARMLS
Apr 26, 2025Listing removed$325,000Listing agent
Apr 13, 2025Price drop$325,000$24,900 -7.1%ARMLS
Apr 5, 2025New listing$349,900ARMLS
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This 0.24-acre property is located at 1061 W 5th St Unit : 3 in Tempe, AZ 85281. The property is available for sale for $299,000.

Checked 7 hours ago — Updated

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