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$425,000
7050834 MLS
This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

1015 S Farmer Avenue Unit 5, Tempe
$620,000
7039647 MLS
Priced to sell! Lot split into four separately deeded parcels approved by the City of Tempe. Individual titling secured -- each unit is its own fee-simple lot. The Community Development Planning Division has APPROVED the Amended Subdivision Plat, meeting the Approval Criteria of Zoning and Development Code Section 6-307. This prime urban infill opportunity sits three blocks from Arizona State University. Each of the four parcels is designed for a three-story configuration with a ground-level garage and ~1,400-1,500 SF of living space across the second and third floors. In the heart of the ASU district, the property is minutes from dining, shopping, and entertainment along Mill Avenue and University Drive. Surrounded by year-round demand and strong long-term investment potential.

919 S Wilson Street Unit -, Tempe
$1,000,000
7037142 MLS
3353 S Rural Road presents a rare opportunity to acquire a ±0.57-acre (24,971 SF) commercial parcel in one of Tempe's most established and supply-constrained infill corridors. Zoned CSS (Commercial Shopping & Services), the property offers flexibility for a variety of retail, office, service-commercial, medical, and mixed-use development concepts. Positioned along the highly trafficked Rural Road corridor, the site benefits from exceptional visibility, convenient access, and immediate proximity to major transportation routes including Interstate 10, Loop 101, and Loop 202.

3353 S Rural Road Unit -, Tempe
$432,500
7019910 MLS
Infill opportunity in the heart of Tempe! Spanning 13,225 square feet, this ready-to-build homesite is located off a quiet cul-de-sac, offering an ideal setting for a custom home with added privacy. Situationed in a fully built neighborhood, this is the last remaining chance to build new in an established area with no additional residential land available nearby. The property offers flexible development potential, including the possibility of multiple structures on one parcel (buyer to verify), making it attractive to homeowners and investors alike. Whether you're looking to design a primary residence, income-producing units, or a multi-generational setup, this lot provides a versatile foundation. Position just minutes from Arizona State University, the location benefits from strong and consisent housing demand driven by students, faculty, and professionals. The surrounding area is anchored by major employers, including State Farm, JPMorgan Chase, Wells Fargo, Honeywell Aerospace, and ADP, which support long-term value and rental appeal. Enjoy close proximity to top retail, dining, and entertainment destinations, including Arizona Mills, Tempe Marketplace, the Mill Avenue district, and Tempe Town Lake. The location also offers excellent connectivity, with easy access to US-60, Loop 101, and Loop 202, enabling convenient commuting throughout the Phoenix metro area. With limited supply, strong demand drivers, and a prime central location, the property presents a unique opportunity to build, invest, and capitalize on one of the most supply-constrained submarkets. Buyers to verify all facts, figures, zoning and development potential

136 E Fremont Drive Unit 261, Tempe
$385,000
7016914 MLS
Great Investment Opportunity- Development already currently approved by the City of Tempe in an ''Opportunity Zone''. Subdivided for the possibility of 3 Detached Properties & a Common Area. Parking Spaces Already Accounted for in the Common Area Parcel/Lot. .Close Proximity to ASU, Mill Ave. & Tempe Amenities. A great find and investment opportunity.

1063 W 5th Street Unit 3, Tempe
$1,950,000
7013599 MLS
This ±1-acre site consists of two contiguous parcels located in Tempe's highly desirable Maple Ash Neighborhood, just steps from Arizona State University, Mill Avenue, and downtown Tempe. The property is zoned R-2, allowing up to 10 units per acre, and is designated Multi-Family Low-Moderate in the Tempe 2050 General Plan. This is a well-located infill opportunity in one of Tempe's most walkable and high-demand rental markets.

63 W 13th Street Unit 63 & 69, Tempe
$649,000
7002385 MLS
Location! Location! Location! Rare Tempe Multifamily R-3 Lot/project with 101 Highway street frontage!. Seller may carry!! This lot was previously approved to build 8 units and the seller will hand over everything to the buyer at no cost. includes: architectural plans, engineering reports, and final approval package. Tempe is pushing for higher density for vacant lots. Seller has hundred's of thousands of dollars and hours into this project and buyer could reap the benefits or you can build whatever suits your needs. Buyer will have to resubmit everything to get permits reapproved but should not take long. Steps away from Apache Blvd,, Circle K on the corner, and new development next to & behind the lot. Don't miss this opportunity to own this high density/high exposure lot.

1272 S Price Road Unit 80, Tempe
$800,000
6987590 MLS
Includes plans 8 single family attached townhomes!! 5 Parcels included. Prime Development Opportunity on University Drive. Ideal for a Commercial Site or Possibly Multi-Family Use. Rare chance to acquire a 1/2-acre assemblage on University Drive in Tempe, comprising 5 APN numbers, all selling together. This property offers expansive development potential with convenient freeway access, just 5 minutes from ASU and 11 minutes from Sky Harbor Airport. Don't miss out on this prime opportunity in a rapidly growing area!

807 S George Drive Unit 1, Tempe
$1,300,000
6978717 MLS
READY TO BUILD, PERMITS READY TO BE PULLED. City-approved construction docs ready to go for a 13-unit modern apartment development. Fantastic rental area in Tempe. Hayden Lane Townhomes is planned with (9) 2-bedroom, 2.5-bathroom and (4) 3-bedroom, 2.5-bathroom units. They all have 4 private balconies per unit and each unit includes a two-car garage. The planned redevelopment is a highly compatible infill development of a vacant parcel surrounded mainly by multi-family residential uses in the larger area between McClintock Drive and Smith Road, and University Drive to Apache Boulevard. . The north side of Hayden Lane here has transitioned to exclusively multi-family uses over the last 60 years. Hayden Townhomes is very similar to the existing multi-family in the area. Owner Agent.

1916 E Hayden Lane Unit -, Tempe
$329,000
6821625 MLS
GREAT NEW PRICE! Seller wants it sold! This wonderful lot is the second lot from a lot split where the adjoining lot has already sold. Don't miss the opportunity on one of the best located lots in the highly sought after Maple - Farmer - Ash District of Tempe, that offers significant potential for development or investment. This listing is for the **BACK Lot:** at 4,613 sq ft. which backs to the alley and fronts to Maple Ave. Zoned R-2 with potential to build a home and ADU whether to live in or rent out. This prime lot is strategically located near Arizona State University, shops, restaurants, and other attractions, making it ideal for investment or personal use. As ASU grows, so does the need for housing in the area. This is an opportunity for very savvy buyers.

1190 S Maple Avenue Unit 1, Tempe
$525,000
6797646 MLS
Great lot to build custom home. Conveniently located near freeway access and minutes to down town Tempe.

6320 S Shannon Drive Unit 9, Tempe

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