R-3 Multifamily Development
For Sale
$675,000
1272 South Price Road Unit 80, Tempe, AZ 85281
Tempe R-3 lot approved for 8 units with 101 Freeway frontage and included architectural and engineering package.
Property Size15,560 SF
Price / SF$43.38
Days on Market154
Property Features for 1272 South Price Road Unit 80
General Information
Standard status
Active
Size
15,560 SF
Property subtype
Land
Zoning
R3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$1,279
Amenities
No
Listing Agency:
West USA Realty
(480) 948-5554
Listed By:
John A Kovalik · License #SA529382000
(480) 948-5554
Source:
Compass
Added: Mar 22
Changed: Aug 8
Last Checked: Mar 25 at 6:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West USA Realty
Investment Insights
Based on property information with market context.
This Tempe R-3 multifamily development lot is approved to build 8 units. The sale includes architectural plans, engineering reports, and a final approval package, with the seller indicating all materials will be handed over to the buyer at no cost. The property information also notes the city is promoting higher density for these multifamily lots.
The site is described as having desirable 101 Freeway street frontage and being steps away from Apache Blvd. The immediate area includes newly built units next door, and Circle K is identified on the corner. The seller also indicates possible terms are available, including a seller-carry note with 50% down at a negotiated rate.
For buyers interested in reviewing the approved materials, the seller states plans can be emailed upon request.
The site is described as having desirable 101 Freeway street frontage and being steps away from Apache Blvd. The immediate area includes newly built units next door, and Circle K is identified on the corner. The seller also indicates possible terms are available, including a seller-carry note with 50% down at a negotiated rate.
For buyers interested in reviewing the approved materials, the seller states plans can be emailed upon request.
Key Highlights
- Tempe R‑3 multifamily lot approved to build 8 units
- Very desirable 101 Freeway street frontage for high vehicle traffic exposure
- Steps from Apache Blvd, with nearby Circle K on the corner
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Tempe R-3 lot approved for 8 units with 101 Freeway frontage and included architectural and engineering package.
Where is this residential land & home lot located?
The property is located at 1272 South Price Road Unit 80 Tempe, AZ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Tempe R‑3 multifamily lot approved to build 8 units; Very desirable 101 Freeway street frontage for high vehicle traffic exposure; Steps from Apache Blvd, with nearby Circle K on the corner
