136 E Fremont Drive # 261
Tempe, AZ, 85282 $ 485,000
Baths0.0 Monthly Estimate*
$ 2,986
Studio for $485,000. The lot size is 0.3.
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
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FeaturesGeneralSewer Other See Remarks Public Sewer
Development Status Plans Available On Site Imp Needed
Zoning R1-6
Electric SRP Individual Meter
Topography Level
Township 1N
Unit Number 261
Tax Year 2025
County Maricopa
Property Type Land
HOA N
Subdivision Name Tempe Gardens 3
Possible Use Single Family
Other Structures See Remarks None
Special Listing Conditions N/A
Status Active
Directions GPS & Navigation friendly
High School Tempe High School
City Tempe
Disclosures None
High School District Tempe Union High School District
Lot Size Units Acres
Lot Size Square Feet 13255.0
Carport Y/N N
Elementary School Arredondo Elementary School
Tax Annual Amount 965.0
Middle/Junior High School Connolly Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Elementary School District Tempe School District
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 261
New Financing: Conventional True
Senior Community N
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ExteriorVegetation Other
Fencing Chain Link
Lot Features Other Cul-De-Sac North/South Exp
Water Source City Franchise
Lot Size Area 0.3
Spa N
Lot Dimensions 50X140.95X40X148.99X101.43
Lot Size Acres 0.3
Road Surface Type Concrete Sidewalk(s)
Waterfront Y/N N
Number of Lots 1
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByE & G Real Estate ServicesBroker
danny@eandgrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,986
- Monthly Property Taxes
- $80
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Tempe, AZ
Average List Price $909,077
Percent of Sale Price 87%
About Tempe, AZ 178,468 Population
13% Since 2002
$ 52,533 Median Income
31.86 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327526 Elementary School
4327180 Middle School
Tempe High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/27/2026 | $485,000 | | Listed Price |