0.23 Acres of Land for Sale in Tempe, AZ

Sale will include four individual parcel APNs. Zoned Multi-Family R-3 and currently in the final phase of subdivision approval, this prime urban infill opportunity is located just three blocks from Arizona State University. Each of the four planned parcels is designed for a three-story configuration, featuring a ground-level garage and approximately 1,400-1,500 square feet of living space across the second and third floors. Ideally situated in the heart

of the ASU district, the property is just minutes from the dining, shopping, and entertainment along Mill Avenue and

University Drive, including Whole Foods Market, Oregano's, Starbucks, and more. Surrounded by year-round activity

and consistent demand, this site offers exceptional rental upside and strong long-term investment potential.