421 W 5TH Street, Tempe, AZ 85281

$795,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,000 Lot Size (sq. ft.): 8,375 Status: Active
Current Price: $795,000 Last Modified: 8/11/2026

Overview

Description

Do NOT disturb tenants, drive-by Only! RARE opportunity to own a property just a few blocks away from Mill Ave! Located on one of the best streets - 5th St! Great R3 zoning! Large 8,300+ sf lot! New construction abounds! Urban infill at its best! - there is a new 50m+ upscale mid-rise project directly across the street that is just being completed! And less than 100 yards to the east is Farmer Ave, where hundreds of millions have been spent on a variety of commercial, multifamily, and mixed used developments, including the new Westin Vib hotel! Only a block to the Tempe Streetcar, which connects to the Light Rail, which is less than 2 min away! Walk to ASU, Mill Ave, Tempe Town Lake and more! This is a GREAT AREA!!

Supplements: R-3 ZONING, large/deep lot!! Perfect location for new condos/townhomes etc. Zoning should allow for 3 units but check with city as owner/agent makes no guarantees. Imagine the views from the 3rd floor rooftop balconies of the West 5 towers and the Tempe skyline, plus the mountain views!! Drive by only, do not disturb the tenants, Thx

Listing Details MLS# 7029919

Location, Tax & Legal

House Number
421
Compass
W
Street Name
5TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2709
Country
US
County Code
Maricopa
Assessor Number
124-33-006
Subdivision
ORTH SUBDIVISION
Tax Year
2024

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
3
Full Bathrooms
Yes
Total Bathrooms
Yes
Approx SQFT
1000
Price/SqFt
795
Horses
N
Builder Name
Unknown
Year Built
1954
Lead Based Hazard Disclosure
Yes
Approx Lot SqFt
8375
Approx Lot Acres
0.192
Flood Zone
No
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Scales Technology Academy
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
5th St and Farmer Ave
Directions
From Mill Ave, take 5th St, go 3 blocks west and the property is the 3rd property on your left past Farmer Ave.

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
6

Basement

Basement Y/N
N

More Information

Parking Spaces

Carport Spaces
Yes
Slab Parking Spaces
2
Total Covered Spaces
Yes

Showing Notification Methods

Showing Service
Aligned Showings

DPR Eligible

DPR Eligible
Yes

Property Features

Special Listing Cond: FIRPTA may apply Add'l Property Use: See Remarks View: City Lights Master Bathroom: None Flooring: Tile Spa: None Community Features: Biking/Walking Path; Children's Playgrnd; Near Bus Stop; Near Light Rail Stop; Transportation Svcs Dining Area: Eat-in Kitchen Kitchen Features: Gas Cooktop Laundry: Washer Hookup Other Rooms: Family Room Interior Features: No Interior Steps Technology: Cable TV Avail Exterior Features: Patio Road Responsibility: City Maintained Road Construction: Block Const - Finish: Painted Roofing: Composition Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Plumbing: Gas Hot Water Heater Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block; Chain Link Property Description: North/South Exposure; Alley Landscaping: Dirt Front; Dirt Back; Gravel/Stone Front; Gravel/Stone Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Possession: Close of Escrow; Subject To Tenant Rights Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Disclosures: Seller Discl Avail; Agency Discl Req
IDX
Listing Office: Windermere Real Estate & Property Management
Last Updated: August - 11 - 2026
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