1061 W 5th Street #3, Tempe, AZ 85281
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1061 W 5th Street #3,Tempe, AZ 85281
$324,000
- 0.24 Acres
- Lots / Land
- Active
Listed by:kate rosekate@kateroserealty.com
Office:kate rose realty
MLS#:6846759
Source:ARMLS
Price summary
- Price:$324,000
About this home
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!
Contact an agent
Home facts
- Listing Id #:6846759
- Updated:July 25, 2025 at 02:56 PM
Structure and exterior
- Lot area:0.24 Acres
Schools
- High school:Tempe High School
Utilities
- Water:City Franchise
- Sewer:Sewer Available
Finances and disclosures
- Price:$324,000
- Tax amount:$333 (2024)
New listings near 1061 W 5th Street #3
- New
$75,000Active2 beds 2 baths1,248 sq. ft.2609 W Southern Avenue #152, Tempe, AZ 85282
MLS# 6905699Listed by: EXP REALTY - New
$735,000Active4 beds 2 baths2,132 sq. ft.2032 E Pegasus Drive, Tempe, AZ 85283
MLS# 6905662Listed by: HOMESMART - New
$825,000Active-- beds -- baths1301 W 3rd Street, Tempe, AZ 85281
MLS# 6905604Listed by: REAL BROKER - New
$375,000Active2 beds 2 baths1,252 sq. ft.1445 E Broadway Road #208, Tempe, AZ 85282
MLS# 6905447Listed by: RUSS LYON SOTHEBY'S INTERNATIONAL REALTY - Open Fri, 3 to 5pmNew
$660,000Active4 beds 3 baths2,599 sq. ft.192 W Los Arboles Drive, Tempe, AZ 85284
MLS# 6905154Listed by: ENGEL & VOLKERS GILBERT - New
$339,000Active2 beds 2 baths1,090 sq. ft.2333 E Southern Avenue #2040, Tempe, AZ 85282
MLS# 6904900Listed by: GOLD TRUST REALTY - New
$325,000Active2 beds 2 baths987 sq. ft.552 S Allred Drive, Tempe, AZ 85288
MLS# 6904652Listed by: TWO BROTHERS REALTY & CO - New
$190,000Active3 beds 2 baths1,680 sq. ft.2401 W Southern Avenue #311, Tempe, AZ 85282
MLS# 6904673Listed by: WEST USA REALTY - New
$555,000Active3 beds 2 baths1,274 sq. ft.1323 W 10th Place, Tempe, AZ 85281
MLS# 6904680Listed by: PERK PROP REAL ESTATE - New
$795,000Active6 beds 3 baths2,298 sq. ft.1098 E Fremont Drive, Tempe, AZ 85282
MLS# 6904689Listed by: PERK PROP REAL ESTATE
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.