421 W 5th Street Tempe, AZ 85281

3 Beds
1 Bath
1,000 Sqft
8,375 Sqft lot
0.19 Acre lot
$795,000 Est. $2,927 / mo.*
Status: Active
Property Type: Single Family Residence
Year Built: 1954
Neighborhood: Orth Subdivision
Days on Website: 34

Courtesy of Windermere Real Estate & Property Management {attribution_contact}

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!! 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

Property Details and Features

  • "Gas Cooktop"
  • 1 full bathroom
  • 1 total bathroom
  • 3 total bedrooms
  • Built in 1954
  • Living area: 1000
  • Construction materials: "Painted", "Block"
  • "Central Air"
  • "Ceiling Fan(s)"
  • "Block"
  • "Chain Link"
  • "Tile"
  • "Natural Gas"
  • Association fee includes: "No Fees"
  • "Eat-in Kitchen"
  • "No Interior Steps"
  • "Wshr/Dry HookUp Only"
  • Listing ID: 7029919
  • Standard status: Active
  • 34 days on market
  • Subdivision name: ORTH SUBDIVISION
  • 0.19 acres
  • 8,375 sqft
  • "North/South Exposure"
  • "Alley"
  • "Dirt Front"
  • "Dirt Back"
  • "Gravel/Stone Front"
  • "Gravel/Stone Back"
  • "Close Of Escrow"
  • "Subject To Tenant Rights"
  • Patio and porch features: "Patio"
  • View: "City Lights"
  • "Composition"
  • Elementary school: Scales Technology Academy
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • "Public Sewer"
  • Annual amount: $1,347
  • Lot: 6

This content last updated on June 22, 2026 12:11AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.