421 W 5th Street, Tempe, AZ 85281

Local realty services provided by:HUNT Real Estate ERA
421 W 5th Street,Tempe, AZ 85281
$795,000
  • 3 Beds
  • 1 Baths
  • 1,000 sq. ft.
  • Single family
  • Active
Listed by: bruce swift
Office: windermere real estate & property management
MLS#:6862698
Source:ARMLS

Price summary

  • Price:$795,000
  • Price per sq. ft.:$795

About this home

Calling all investors and builders/developers!! This is a VERY 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 to build and sell. This is also a Great location to build luxury townhome rentals for students! There are models with 4 bed/5 bath that builders are constructing with

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Home facts

  • Year built:1954
  • Listing ID #:6862698
  • Updated:November 15, 2025 at 05:47 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,000 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Natural Gas

Structure and exterior

  • Year built:1954
  • Building area:1,000 sq. ft.
  • Lot area:0.19 Acres

Schools

  • High school:Tempe High School
  • Middle school:Geneva Epps Mosley Middle School
  • Elementary school:Scales Technology Academy

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$795,000
  • Price per sq. ft.:$795
  • Tax amount:$1,347 (2024)
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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