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● For sale

$795,000

421 W 5TH Street, Tempe, AZ 85281

ORTH SUBDIVISION · Maricopa County

3 beds 1 baths 1,000 sqft 0.19 acres Built 1954 $795 /sqft No HOA

14 days on market

What's special

City Lights views
No HOA

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

Interior

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Interior Features

Eat-in Kitchen
No Interior Steps
Flooring: Tile

Appliances

Gas Cooktop
Laundry Features: Washer Hookup

Heating and Cooling

Cooling Features: Ceiling Fan(s), Central Air
Heating Features: Natural Gas

Other Interior

Stories: 1

Exterior

Exterior and Lot Features

Patio and Porch Features: Patio
Fencing: Block, Chain Link

Land Info

North/South Exposure
Alley
Dirt Front
Dirt Back
Gravel/Stone Front
Gravel/Stone Back
Lot Size Acres: 0.19
Lot Size Square Feet: 8,375

Garage and Parking

Carport Spaces: 1

Home Features

View: City Lights

Community

Homeowners Association

Association: No
Association Fee Includes: No Fees

Neighborhood

Subdivision: ORTH SUBDIVISION

Listing

Other Property Info

Annual Tax Amount: $1,347
Source Listing Status: Active
County: Maricopa
Directions: From Mill Ave, take 5th St, go 3 blocks west and the property is the 3rd property on your left past Farmer Ave.
Property Subtype: Single Family Residence
Parcel Number: 124-33-006
Postal City: Tempe
Listing Date: 5/18/2026
MLS#: 7029919

Features

Building and Construction

Total Square Feet Living: 1,000
Year Built: 1954
Property Age: 72
Construction Materials: Block, Painted
Roof: Composition
Stories: 1
Living Area Source: Appraiser

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Bruce Swift Windermere Real Estate & Property Management

Listing updated: May 18, 2026

MLS#: 7029919

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