48 W Thomas Lane Unit 1, Tempe, AZ 85281

$350,000
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Sold Price
$350,000
List Price
$350,000
Status
CLOSED
Days on Market
7
Closing Date
Mar 03, 2025
MLS#
6803583
Subtype
Land
Lot Size
6,957
Acres
0.18
Subdivision
College View
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(602) 769-4725

Property Description

Walking distance to ASU and nearby hospital and business, this is a fantastic opportunity to develop a multi-family property or dream home. North south exposure, corner lot, quiet street, this lot has a ton of potential. AZ House Bill 2721 provides allowances to build mult family residential on land previously zones residential. Cities must have ordinances in place by 1/1/26.

(602) 769-4725
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Additional Information

Taxes
$2,631
Zoning
R-2
School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Middle School
Geneva Epps Mosley Middle School
High School
Tempe High School
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Trina Jonas (480-744-1580) from Listing Office: Real Broker.

Selling Office: AZ Brokerage Holdings, LLC.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.