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421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281
421 5th St, Tempe, AZ 85281

421 5th St Tempe, AZ 85281

$795,000

ACTIVE
Beds
3
Baths
1
Sqft
1,000
Acres
0.19
Year
1954
Days on Site
31
Property Type
Residential
Sub Type
Single Family
Per Square Foot
$795
Date Listed
May 5, 2025

Description of 421 5th St, Tempe, AZ 85281

Listing details for 421 5th St, Tempe, AZ 85281 : 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 huge cash flow and they are much further away from ASU and Mill Ave 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!! At 900k that's just 300k per unit land cost (if you build 3 units)! The home on this property was updated in 2021 when the current buyer purchased it, and it's currently rented for 2,250/mo, it's a mo to mo lease, tenants have been there for since current owner purchased the home. Drive by only, do not disturb the tenants! Thank you!! 5 min to 202 Freeway, 10 min to Sky Harbor Airport, 15 min to downtown Phoenix, and much more!
Listing Updated : 09-15-2025 at 01:48 PM EST
Home Details
421 5th St, Tempe, AZ 85281
Status
Active
MLS #ID
6862698
Price
$795,000
Bedrooms
3
Bathrooms
1
Square Footage
1,000
Acres
0.19
Year
1954
Days on Site
31
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$795
Date Listed
May 5, 2025
Community Information for 421 5th St, Tempe, AZ 85281
Address
421 5th St
State
Arizona
Zip Code 85281
School Districts
Utilities
Sewer
Public Sewer
Water Source
City Water
Interior
Interior Features
Eat-in Kitchen and No Interior Steps
Heating
Natural Gas
Cooling
Central Air and Ceiling Fan(s)
Fireplace
No
Exterior
Roof
Composition
Foundation
HOA
Has HOA
None
Additional Information
Styles
Price per Sq Ft
$795
Builder Name
Unknown
Listed By

Bruce Swift, 480-766-6695, Windermere Real Estate & Property Management

Source

ARMLS, MLS#: 6862698

Source Logo
Comments
Home Worth Check

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Location of 421 5th St, Tempe, AZ 85281

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This beautiful 3 beds 1 bath home is located at 421 5th St, Tempe, AZ 85281 and is listed for sale at $795,000.00. This home was built in 1954, contains 1000 square feet of living space, and sits on a 0.19 acre lot. This residential home is priced at $795.00 per square foot.

If you'd like to request a tour or more information on 421 5th St, Tempe, AZ 85281, please call us at 480-233-6433 so that we can assist you in your real estate search. To find homes like 421 5th St, Tempe, AZ 85281, you can search homes for sale in Tempe , or visit the neighborhood of Orth Subdivision , or by 85281 . We are here to help when you're ready to contact us!

Schools Near 421 5th St, Tempe, AZ 85281

Home Details
421 5th St, Tempe, AZ 85281
Status
Active
MLS #ID
6862698
Price
$795,000
Bedrooms
3
Bathrooms
1
Square Footage
1,000
Acres
0.19
Year
1954
Days on Site
31
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$795
Date Listed
May 5, 2025
Community Information for 421 5th St, Tempe, AZ 85281
Address
421 5th St
State
Arizona
Zip Code 85281
School Districts
Utilities
Sewer
Public Sewer
Water Source
City Water
Interior
Interior Features
Eat-in Kitchen and No Interior Steps
Heating
Natural Gas
Cooling
Central Air and Ceiling Fan(s)
Fireplace
No
Exterior
Roof
Composition
Foundation
HOA
Has HOA
None
Additional Information
Styles
Price per Sq Ft
$795
Builder Name
Unknown
Listed By

Bruce Swift, 480-766-6695, Windermere Real Estate & Property Management

Source

ARMLS, MLS#: 6862698

Source Logo
Comments
HomeTempe