421 W 5TH Street, Tempe, AZ 85281 (MLS# 7029919)

421 W 5TH Street, Tempe, AZ 85281

$795,000

Front Yard View across the street & East

rear alley view - nice skyline and mountain views from a 2nd or 3rd floor

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

Listing Office: Windermere Real Estate & Property Management

Last Updated: May - 18 - 2026