Tempe Multifamily R-3
For Sale
$649,000
1272 S PRICE Road, Tempe, AZ 85281
LAND - Tempe, AZ
Property SizeContact for details
Lot Size0.36 Acres
Days on Market156
Property Features for 1272 S PRICE Road
General Information
Property type
Land
Property subtype
Other
Zoning
R3
Subdivision
LOLA VISTA
Elementary school district
Tempe Union High School District
Middle school district
Tempe Union High School District
High school district
Tempe Union High School District
Directions
Next to circle K/West on Apache Blvd/Right(N) on River/Right(E) on Howe/Right(S) to lot north of Circle K
Standard status
Active
APN
132-72-040
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOLA VISTA PT TR A S 74.81' OF E 208'
Tax Annual Amount
1279
Legal Description
LOLA VISTA PT TR A S 74.81' OF E 208'
Utilities
Sewer type
Public Sewer
Listing Agency:
DeLex Realty
(602) 910-3002
Listed By:
John A Kovalik · License #SA529382000
(602) 465-8227
Added: Mar 22
Changed: Aug 19
Last Checked: Aug 24 at 12:06AM
MLS# 7002385
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Tempe lot is zoned R-3 for multifamily development and offers frontage on the 101 Highway. Previously approved for an 8-unit project, the seller will provide architectural plans, engineering reports, and the final approval package to the buyer at no additional cost. The buyer will need to resubmit for permit reapproval. Located steps from Apache Blvd and a Circle K, the lot is situated near new developments. The property is suitable for high-density development. The lot size is 0.36 acres.
Key Highlights
- Approved R‑3 lot in Tempe with high‑density development potential
- Includes architectural plans and engineering reports
- Prime location with 101 Highway street frontage and high exposure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Rare Tempe lot with highway frontage and previous approvals.
Where is this land located?
The property is located at 1272 S PRICE Road Tempe, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Approved R‑3 lot in Tempe with high‑density development potential; Includes architectural plans and engineering reports; Prime location with 101 Highway street frontage and high exposure
