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Courtesy of Windermere Real Estate & Property Management, Bruce Swift Listing Contact: 480-766-6695 
3 Beds
1 Bath
1,000 sqft

$790,000

421 W 5TH Street, Tempe AZ, 85281

Price per sqft$790.00
Built in1954
Property size1,000 sqft
Property typeResidential

Overview

Active

Listed May 18, 2026

Updated 3 days ago

R3 zoning near Mill Ave, on 5th! RARE opportunity to own a property just a few blocks away from Mill Ave! Large 8,300+ sf lot! Located on one of the best streets - 5th St! 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!! Do NOT disturb tenants, drive-by Only! 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

$5,256/mo

Est. mortgage payment based on a $790,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7029919

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$1,347
Tax Frequency
Annually
View
Yes

Courtesy of Windermere Real Estate & Property Management, Bruce Swift

Listing Contact: 480-766-6695 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Desert Momentum Real Estate Collection shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 4:13 AM UTC, 10/4/2026.

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