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: 5/18/2026

Overview

Description

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
Assessor's Map #
33
Legal Description (Abbrev)
LOT 6 ORTH SUB MCR 003340
Assessor's Parcel #
6
Tax Municipality
Tempe
Taxes
1347

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
Half Bathrooms
0

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
Text
Yes
Email
Yes
Phone Call
Yes

Special Listing Cond

FIRPTA may apply
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Association & Fees

HOA Y/N
N
PAD Fee Y/N
N
Land Lease Fee Y/N
N
Ttl Mthly Fee Equiv
0

Lockbox Type

See Private Remarks
Yes
None
Yes

Master Bathroom

None
Yes

Add'l Property Use

See Remarks
Yes

Flooring

Tile
Yes

Community Features

Biking/Walking Path
Yes
Children's Playgrnd
Yes
Near Bus Stop
Yes
Near Light Rail Stop
Yes
Transportation Svcs
Yes

Dining Area

Eat-in Kitchen
Yes

Heating

Natural Gas
Yes

View

City Lights
Yes

Kitchen Features

Gas Cooktop
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Interior Features

No Interior Steps
Yes

Laundry

Washer Hookup
Yes

Other Rooms

Family Room
Yes

Separate Den/Office

Sep Den/Office Y/N
Y

Road Responsibility

City Maintained Road
Yes

Technology

Cable TV Avail
Yes

Fencing

Block
Yes
Chain Link
Yes

Water Source

City Water
Yes

Exterior Features

Patio
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Plumbing

Gas Hot Water Heater
Yes

Utilities

APS
Yes
SW Gas
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

North/South Exposure
Yes
Alley
Yes

Landscaping

Dirt Front
Yes
Dirt Back
Yes
Gravel/Stone Front
Yes
Gravel/Stone Back
Yes

Services

City Services
Yes

Unit Style

All on One Level
Yes

Disclosures

Seller Discl Avail
Yes
Agency Discl Req
Yes

Possession

Close of Escrow
Yes
Subject To Tenant Rights
Yes

Association Fee Incl

No Fees
Yes

Assoc Rules/Info

None
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: May - 18 - 2026
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