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$790,000 -$5,000 (-0.63%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 0.19 Acres
  • Updated 1 day ago
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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

Full Property Details for 421 W 5th St

General

  • Price: $790,000
  • Taxes: $1,347 (2024)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7029919
  • Updated: 10/3/2026
  • Added to Site: 139 day(s) ago

Interior

  • Interior Features: Eat-in Kitchen, No Interior Steps
  • Appliances: Gas Cooktop
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Wshr/Dry HookUp Only

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: ORTH SUBDIVISION
  • Cross Streets: 5th St and Farmer Ave

Community

  • Assoc. Fees Include: No Fees

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Natural Gas

Utilities

  • Water: Public

Structural Information

  • Exterior Const.: Painted, Block
  • Roof: Composition
  • Year Built: 1954

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,375
  • Lot Size Source: Assessor
  • Lot Features: North/South Exposure, Alley, Dirt Front, Dirt Back, Gravel/Stone Front, Gravel/Stone Back

Financial Considerations

  • Tax Amount: $1,347
  • Tax Year: 2024
  • Terms: VA Loan, Cash, Conventional, 1031 Exchange, FHA

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: LOT 6 ORTH SUB MCR 003340
  • Property ID: 124-33-006
  • Range: 4E
  • Section: 16
  • Lot Number: 6

Listed by Windermere Real Estate & Property Management

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Listing agent

— 421 W 5th St —

  • Windermere Real Estate & Property Management

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 421 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
6-80.7 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 421 W 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/03/2026
Price Reduced
$790,000
-0.63%
MLS
5/18/2026
Listed
$795,000
69.15%
MLS
11/24/2021
Sold
$470,000
—
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 421 W 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,441
—
$12,024
-63%
2025
$1,441
8%
$32,450
-11%
2023
$1,331
4%
$36,580
11%
2022
$1,276
—
$32,850
22%
2022
$1,276
-1%
$26,960
9%
2021
$1,285
3%
$24,720
21%
2020
$1,246
2%
$20,480
29%
2019
$1,223
3%
$15,830
14%
2018
$1,192
3%
$13,850
20%
2017
$1,157
1%
$11,530
17%
2016
$1,149
4%
$9,860
13%
2015
$1,103
3%
$8,700
24%
2014
$1,067
-10%
$7,030
-10%
2013
$1,190
—
$7,820
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Windermere Real Estate & Property Management

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421 W 5th Street, Tempe, AZ 85281 (MLS# 7029919) is a Single Family property with 3 bedrooms and 1 full bathroom. 421 W 5th Street is currently listed for $790,000 and was received on May 18, 2026. Want to learn more about 421 W 5th Street? Do you have questions about finding other Single 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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