421 W 5TH St, Tempe, AZ 85281

Beds
3
Bath
1
Sqft
1,000

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Listed byWindermere Real Estate & Property Management
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Overview

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

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
3
Number of bathrooms
1
Square feet
1,000
Lot size (acres)
0.19
Year built
1954

Utilities

Heating
Natural Gas
Cooling
Central Air, Ceiling Fans
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$1,347

Public schools

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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 7029919 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.