- $299k Price
- .24 Acres
1061 W 5th Street (unit 3)
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.
Essential Information
- MLS® #6846759
- Price$299,000
- Acres0.24
- TypeLand
- StatusActive Under Contract
Community Information
- Address1061 W 5th Street (unit 3)
- SubdivisionTREBLE
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85281
Exterior
Lot Description
Other, See Remarks, East/West Exposure
School Information
- HighTempe High School
District
Tempe Union High School District
Additional Information
- ZoningR-3
Listing Details
- OfficeKate Rose Realty
Price Change History for 1061 W 5th Street (unit 3), Tempe, AZ (MLS® #6846759)
| Date | Details | Change | |
|---|---|---|---|
| Status Changed from Active to Active Under Contract | – | ||
| Price Reduced from $374,950 to $299,000 | |||
| Price Reduced from $375,000 to $374,950 | |||
| Price Increased from $312,000 to $375,000 | |||
| Price Reduced from $324,000 to $312,000 | |||
| Show More (3) | |||
| Price Reduced from $324,900 to $324,000 | |||
| Status Changed from Active Under Contract to Active | – | ||
| Price Reduced from $325,000 to $324,900 | |||
Kate Rose Realty.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on January 14th, 2026 at 2:46pm MST.