Listing details for 421 5th St, Tempe, AZ 85281 : 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
View More
Listing Updated : 05-18-2026 at 1:46 PM MST
Listing Provided By : Bruce Swift, 480-766-6695, Windermere Real Estate & Property Management
Source :
ARMLS, MLS#: 7029919
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Property Details
Overview
Status
Active
MLS #ID
7029919
Price
$795,000
Bedrooms
3
Bathrooms
1
Square Footage
1,000
Acres
0.19
Year
1954
Days on Site
3
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$795
Date Listed
May 18, 2026
Community Information for 421 5th St, Tempe, AZ 85281