401 W 5TH Street, Tempe, AZ 85281
$895,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$895,000
Last Modified:
2/10/2026
Description
PRIME PROPERTY LOCATED WITHIN TEMPE'S TRANSPORTATION OVERLAY DISTRICT. SURROUNDED BY A HIGH END COLLECTION OF OFFICE/COMMERCIAL DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY CONDOMINIUMS. THE PROPERTY IS ALSO INTERCONNECTED TO MULTIPLE TRANSPORTATION NETWORKS INCLUDING THE VALLEY LIGHT RAIL, AND TEMPE'S OWN STREET CAR SERVICE. THE EXISTING UNITS ARE 100% OCCUPIED WITH IMMEDIATE CASH FLOW ALLOWING FOR AN INCOME STREAM WHILE PLANNING YOUR FUTURE DEVELOPMENT.
More Information MLS# 6982393
Contract Info
Ownership: Fee Simple
Current Price: $895,000
List Price: $895,000
Status: Active
List Date: 2026-01-31
Location, Tax & Legal
Assessor's Map #: 33
Legal Description (Abbrev): ORTH SUB N2 LOTS 1 & 2 BLK 1
Assessor's Parcel #: 1
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 1831
Legal: ORTH SUB N2 LOTS 1 & 2 BLK 1
Marketing Name: 5TH & FARMER
House Number: 401
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2768
County Code: Maricopa
Subdivision: ORTH SUB
Assessor Number: 124-33-001-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 8375
Flood Zone: No
Total # of Units: 4
High School District: Tempe Union High School District
Year Built: 1960
Zoning: R3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1831
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 3.61
Equity: 895000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
See Remarks: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Trash Collection: 1
Appliances Included
Free-Standing Gas Oven: 1
Refrigerator: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
1 Space/Unit: 1
Off Street: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Other: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 915
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 5TH AVE AND FARMER
Directions: THE PROPERTY OCCUPIES THE SOUTH WEST CORNER 5TH ST AND FARMER IN TEMPE.
Geo Lat: 33.425263
Geo Lon: -111.944521
Income Expenses
Net Operating Income: 32283
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Gas Oven; Refrigerator
Heating: Heat Pump; See Remarks
Cooling: Ceiling Fan(s); Heat Pump; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: 1 Space/Unit; Off Street
Road Surface Type: Gravel
Owner Pays: Other
Tenant Pays: Water; Sewer; Gas; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry
Environmental: None
Listing Office:
HomeSmart
Last Updated: February - 10 - 2026
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