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$895,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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Prime Property Located Within Tempe's Transportation Overlay District. Surrounded By A High End Collection Of Office/Commercial Developments, A Boutique Hotel, and Trendy Condominiums. The Property Is Also Interconnected To Multiple Transportation Networks Including The Valley Light Rail, and Tempe's Own Street Car Service. The Existing Units Are 100% Occupied With Immediate Cash Flow Allowing For An Income Stream While Planning Your Future Development.

Full Property Details for 401 W 5th St

General

  • Price: $895,000
  • Taxes: $1,831 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6982393
  • Updated: 2/10/2026
  • Added to Site: 2 day(s) ago

Interior

  • Appliances: Refrigerator, Free-Standing Gas Oven
  • Flooring: Other

Parking

  • Parking Features: Off Street, 1 Space/Unit

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: ORTH SUB
  • Cross Streets: 5TH AVE AND FARMER

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), See Remarks, Heat Pump
  • Heating Type: See Remarks, Heat Pump

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Painted, Block
  • Roof: Built-Up
  • Year Built: 1960

Unit Information

  • Vacancy %: .02

Lot Features

  • Lot Dimensions: 8375
  • Frontage: Gravel
  • Zoning: R3

Financial Considerations

  • Tax Amount: $1,831
  • Tax Year: 2025
  • Terms: Owner May Carry, Conventional
  • Owner Pays: Other

Disclosures and Reports

  • Legal Description: ORTH SUB N2 LOTS 1 & 2 BLK 1
  • Property ID: 124-33-001-A
  • Range: 4E
  • Section: 16
  • Lot Number: 1

Listed by HomeSmart

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— 401 W 5th St —

  • HomeSmart

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 401 W 5th St

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Scales Technology Academy
1115 West 5th Street, Tempe, AZ 85281
K-50.6 mi
Geneva Epps Mosley Middle School
1025 South Beck Avenue, Tempe, AZ 85281
6-80.8 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 401 W 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$895,000
306.82%
MLS
10/03/2012
Sold
$220,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 401 W 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,960
7%
$65,550
6%
2024
$1,831
1%
$61,700
1%
2023
$1,809
4%
$61,160
12%
2022
$1,736
—
$54,470
30%
2022
$1,736
-1%
$41,960
22%
2021
$1,748
3%
$34,300
14%
2020
$1,695
2%
$30,130
17%
2019
$1,662
3%
$25,800
35%
2018
$1,621
3%
$19,180
7%
2017
$1,573
1%
$17,850
10%
2016
$1,562
4%
$16,160
-1%
2015
$1,500
-11%
$16,320
17%
2014
$1,689
32%
$13,950
56%
2013
$1,283
—
$8,960
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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401 W 5th Street, Tempe, AZ 85281 (MLS# 6982393) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 401 W 5th Street is currently listed for $895,000 and was received on February 10, 2026. Want to learn more about 401 W 5th Street? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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