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421 W 5TH Street

Tempe, AZ 85281
  • $795,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: 7029919
UPDATED: 107 min ago
$795,000
  • 3
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
  • $795
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Information

Elementary School:
High School:

Description

Do NOT disturb tenants, drive-by Only! 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

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CANAM Realty Group. Data last updated 2026-09-07T00:13:05.203.
www.canamrealty.com/homes/176628279
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421 W 5TH Street Tempe, AZ 85281

  • Price: $795,000
  • Status: Active
  • On Site: 111 Days
  • Updated: 107 min ago
  • MLS #: 7029919
3
Beds
1
Baths
0
½ Baths
0.19
Acres
1,000
SQFT
$795
$/SQFT
1954
Built
Neighborhood:
orth subdivision
County:
Maricopa
Area:
Tempe
Elementary School:
Scales Technology Academy
Middle School:
Geneva Epps Mosley Middle School
High School:
Tempe High School
Property Description
Do NOT disturb tenants, drive-by Only! 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
Exterior Features

Architectural Style [] Carport Spaces 1 Construction Materials PaintedBlock Covered Spaces 1 Exterior Features [] Fencing BlockChain Link Horse Amenities [] Horse YN No Lot Features North/South ExposureAlleyDirt FrontDirt BackGravel/Stone FrontGravel/Stone Back Open Parking Spaces 2 Other Structures [] Parking Features [] Pool Features [] Pool Private YN No Road Responsibility City Maintained Road Road Surface Type [] Roof Composition Spa Features None View City Lights

Interior Features

Basement [] Basement YN No Bedrooms Plus 4 Common Walls [] Cooling Central AirCeiling Fan(s) Cooling YN Yes Family Room Yes Fireplace Features [] Fireplace YN No Heating Natural Gas Heating YN Yes Interior Features Eat-in KitchenNo Interior Steps Laundry Features Wshr/Dry HookUp Only Plumbing Gas Hot Water Heater Yes Separate Den Office YN Yes Window Features []

Property Features

Accessibility Features [] Alley Yes Association Fee Includes No Fees Association YN No Auction No Builder Name Unknown City Services Yes Community Features Transportation SvcsNear Light Rail StopNear Bus StopPlaygroundBiking/Walking Path Community Pool YN No Current Financing [] Disclosures Agency Discl ReqSeller Discl Avail Flood Zone No Flooring Tile Green Energy Efficient [] Green Water Conservation [] Land Lease YN No Listing Terms CashConventional1031 ExchangeFHAVA Loan North South Exposure Yes Ownership Fee Simple Ownership Fractional YN No PADFee YN2 No Possible Use See Remarks Property Attached YN No Property Condition [] Property Sub Type Single Family Residence Security Features [] Sewer Public Sewer Special Listing Conditions FIRPTA may apply Special Listing Conditions FIRPTA Yes Tax Annual Amount 1347 Tax Year 2024 Total Monthly Fee 0 Unit Style All On One Level Yes Utilities [] Water Source City Water

Arizona Regional MLS logo Listing provided by Windermere Real Estate & Property Management: .


Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CANAM Realty Group. Data last updated 2026-09-07T00:13:05.203.
 
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CANAM Realty Group
4435 E Chandler Blvd. Suite #100
Phoenix AZ, 85048