421 W 5TH Street, Tempe, AZ 85281
FOR SALE

421 W 5TH Street
Tempe, AZ 85281

Riverside
  • 3 Beds
  • 1 Bath
  • 1,000 sqft

$795,000

Est. Mortgage $4,317/mo*
Get Pre-Qualified

$795,000

Est. Mortgage $4,317/mo*
Get Pre-Qualified
3 Beds
1 Bath
1,000 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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

Home Highlights

Parking
2 Open Spaces
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$795
Listed
10 days ago

Home Details for 421 W 5TH Street

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1000 Square Feet
Appliances & Utilities
Appliances: Gas Cooktop
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Spa: NoneNo Fireplace
Windows, Doors, Floors & Walls
Flooring: Tile
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Tile
View
Has a ViewView: City Lights

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: PatioFencing: Block, Chain Link
Parking & Garage
Number of Carport Spaces: 1Number of Covered Spaces: 1Open Parking Spaces: 2Has a CarportNo GarageHas Open ParkingParking Spaces: 3Parking: Carport, Open
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Days on Market: 10

Property Information

Year Built
Year Built: 1954
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Painted, BlockNot Attached Property
Property Information
Usage of Home: See RemarksParcel Number: 12433006

Price & Status

Price
List Price: $795,000Price Per Sqft: $795
Status Change & Dates
Possession Timing: Close Of Escrow, Subject To Tenant Rights

Active Status

MLS Status: Active

Location

Direction & Address
City: TempeCommunity: ORTH SUBDIVISION
School Information
Elementary School: Scales Technology AcademyElementary School District: Tempe School DistrictJr High / Middle School: Geneva Epps Mosley Middle SchoolHigh School: Tempe High SchoolHigh School District: Tempe Union High School District

Agent Information

Listing Agent
Listing ID: 7029919

Building

Building Area
Building Area: 1000 Square Feet

Community

Community Features: Transportation Svcs, Near Light Rail Stop, Near Bus Stop, Playground, Biking/Walking Path
Other
Playground

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 8375 sqft

Listing Info

Special Conditions: FIRPTA may apply

Offer

Listing Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 7029919

Additional Information

Transportation SvcsNear Light Rail StopNear Bus StopPlaygroundBiking/Walking Path
Last check for updates: about 1 hour ago
Listing courtesy of Bruce Swift, (480) 766-6695
Windermere Real Estate & Property Management
Source: ARMLS, MLS#7029919
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 421 W 5TH Street

DatePriceEventSource
05/18/2026$795,000Listed For SaleARMLS #7029919
12/06/2025$795,000ListingRemovedARMLS #6862698
06/06/2025$795,000PriceChange
ARMLS #6862698
05/08/2025$900,000Listed For SaleARMLS #6862698
12/08/2021$470,000Sold
ARMLS #6273322
11/23/2021$499,000ContingentARMLS #6273322
08/30/2021$499,000PriceChange
ARMLS #6273322
08/02/2021$900,000Listed For SaleARMLS #6273322
08/27/2017$850ListingRemovedAgent Provided
07/13/2017$850Listed For RentAgent Provided
04/26/2015$800ListingRemovedAgent Provided
04/18/2015$800Listed For RentAgent Provided
03/05/2015$800ListingRemovedAgent Provided
02/27/2015$800Listed For RentAgent Provided
03/02/2013$800ListingRemovedAgent Provided
10/31/2012$800Listed For RentAgent Provided

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Property Tax and Assessment

Year2025
Tax$1,435
Assessment$302,100
Home facts updated by county records

Comparable Sales for 421 W 5TH Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
517 W BROWN Street, Tempe, AZ
0.10
Single-Family Home
$450,000
11/10/25
3
1.5
672
430 S ROBERT Road, Tempe, AZ
0.58
Single-Family Home
$369,000
03/27/26
3
1
1,076
1226 S ROOSEVELT Street, Tempe, AZ
0.71
Single-Family Home
$452,000
02/18/26
3
1
1,234
219 S ROOSEVELT Street, Tempe, AZ
0.22
Single-Family Home
$750,000
07/08/25
3
2
1,296
815 W ELNA RAE Street, Tempe, AZ
0.53
Single-Family Home
$470,000
12/11/25
3
2
1,264
1052 W ELNA RAE Street, Tempe, AZ
0.63
Single-Family Home
$455,000
04/15/26
3
2
1,120
705 W 11th Street, Tempe, AZ
0.55
Single-Family Home
$340,000
05/27/26
3
1.5
1,008
516 W BROWN Street, Tempe, AZ
0.12
Single-Family Home
$425,000
12/23/25
5
5
2,318

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 421 W 5TH Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Riverside
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Riverside

  • Trulia User
    "I am very centralized to a lot of things including work. This location is perfect and I really couldn’t have asked for anything better"
    1
    Flag
  • Trulia User
    "Students live around the neighborhood and there is a nice park with spaces for playing soccer, baseball, basketball and tennis"
    0
    Flag
  • Wilby
    "Riverside has access to everything as you a couple minutes from Mill Ave. The 10 freeway is also close as well as Sky Harbor airport. Everything you probably need is within a 15 minute drive if that. "
    0
    Flag
  • Alishakayevaughn
    "I would say there is plenty area to walk the dogs. wouldn't like the fact that people don't clean up after their dogs "
    0
    Flag
  • Daphney H.
    "there is a local community center, people of sorts walk through the neighborhood we have sketchy neighbors "
    0
    Flag
  • Samantha Spillers
    "Drive my car to work and use the light rail usually when we are going to downtown Phoenix or other areas. "
    0
    Flag
  • Parya S.
    "It’s a college city. Mostly young people live here. It’s close to almost everything. It’s close to ASU"
    5
    Flag
  • George L.
    "One can walk to any number of restaurants, bars, or coffee shops and the light rail is close enough to walk to (or ride a bike). Based on the level of development the amount of urban living activities will continue to increase over the next several years."
    3
    Flag
  • George L.
    "This is an area that is changing and becoming more urban friendly. As someone else noted, a nice mix of transportation options with the local free bus Orbit, along with the light rail, within walking distance, and the bike paths are well laid out and the walkability score is quite high (my house is 77) and should continue to improve. Right now they are finishing up West 6th, the two large towers off of Mill, and that should provide some additional retail (probably to include at least a small grocery store) and a low income seniors community is being built right now, that should have 56 residencies, is being built right now in the Farmer's Arts district between 5th and 6th St and between the train tracks and Wilson Ave, which will improve the diverse mix of the community. Finally, there are so many things to do in this area, from events at Gammage and play houses on ASU to cultural events at Tempe Center for the Arts and regular events at Tempe Town Lake and annual street fairs on Mill Avenue. As someone else noted, the area also has quite a selection of restaurants to choose from ranging from extremely affordable and casual (e.g. Casey Moore's) to fairly high end and upscale (e.g. Cafe Boa). For those who like to be able to walk out there door and have a variety of options to choose from in the immediate area, a nice place to live. Even my parents, who have retired and want to move to Phoenix, have fallen in love with this area and want to find a place in the surrounding community. By the way, not a Realtor, I actually moved out here so I could catch the light rail to work and now my favorite part of the area, being able to take walks by Tempe Town Lake, great exercise and a wonderful view, and it is only, as far as I can tell, going to get better."
    3
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  • Ron M.
    "This area has changed over the last 5 years ( been here since 1998 ). Used to be very low key except during holidays. Many smaller single family homes and low density apartment buildings. Now there are several townhouse complexes within less than a mile of each other. Very bike and pedestrian friendly, just watch out for trust fund kids driving their Beemers in excess of posted speed limits and ignoring stop signs. The noise level is MUCH higher. Still see many of the same faces but due to a high number of renters, there is a constant state of flux. There is a bleed off from Mill Ave. on the weekends and during special events, so expect some craziness. Shopping is a drawback. The closest supermarket is over a mile away. You will become very familiar with Tempe Marketplace. Drug stores, convenience stores more plentiful. Mill Ave. has restaurants and bars in walking distance, where you may pay top dollar and perhaps wait on line. The presence of ASU permeates the area - many students, undergrad and graduate. More of an ethnic mix now, than ten years ago. Public transport is optimal - you can ride the blue Orbit buses, catch the regular Metro buses, or get on the nearby Light Rail. Traffic control during events has improved dramatically over the last five years. Although crimes are sometimes reported, the area is patrolled more frequently. If you leave your bike outside unlocked, it will disappear quickly. Some streets look a little deserted late at night so I would say use common sense. Despite appearances, this is not Winesburg, Ohio. "
    3
    Flag

LGBTQ Local Legal Protections

Bruce Swift, Windermere Real Estate & Property Management
Agent Phone: (480) 766-6695
421 W 5TH Street, Tempe, AZ 85281 is a 3 bedroom, 1 bathroom, 1,000 sqft single-family home built in 1954. 421 W 5TH Street is located in Riverside, Tempe. This property is currently available for sale and was listed by ARMLS on May 18, 2026. The MLS # for this home is MLS# 7029919.