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

$795,000

  • 3 Beds
  • 1 Bath
  • 1,000 sqft

421 W 5TH Street, Tempe, AZ 85281

Riverside
Est. Mortgage $4,417/mo*
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Home Highlights

Parking
2 Open Spaces
Outdoor
Patio
Price/Sqft
$795
Listed
103 days ago
Climate Control
Natural Gas & Central Air, Ceiling Fans

Local Information

  • Map ViewExplore the area around 421 W 5TH Street.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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
Last check for updates: about 15 hours 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.

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

Cumulative Days on Market: 85Days on Market: 103

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

Around this home

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
    Flag
  • 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

Market trends in Tempe

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$1.67KMoM
Sale-to-List Price
98.3%
0.1%MoM
Price per sq ft
$289
$3MoM
Available listings
571
21MoM

Home Value

Trulia Estimate
$749K
Since last month
Decreased$6K (-0.8%)
Since last year
Decreased$17K (-2.2%)
Since last sale
Increased$279K (+59.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +355% in the last 10 years
MonthEstimated value
2026
August 2026$749K
July 2026$755K
June 2026$763K
May 2026$771K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
318 S TERRY Circle, Tempe, AZ
0.64
Single-Family Home
$399,999
08/05/26
3
1
912
1226 S ROOSEVELT Street, Tempe, AZ
0.71
Single-Family Home
$452,000
02/18/26
3
1
1,234
1117 S ASH Avenue, Tempe, AZ
0.61
Single-Family Home
$420,000
06/22/26
2
1
1,055
815 W ELNA RAE Street, Tempe, AZ
0.53
Single-Family Home
$470,000
12/11/25
3
2
1,264
720 W 12TH Street, Tempe, AZ
0.67
Single-Family Home
$335,000
06/10/26
2
1
858
1052 W ELNA RAE Street, Tempe, AZ
0.63
Single-Family Home
$455,000
04/15/26
3
2
1,120
512 W BROWN Street, Tempe, AZ
0.12
Single-Family Home
$550,000
12/24/25
4
4.5
2,364
705 W 11th Street, Tempe, AZ
0.55
Single-Family Home
$340,000
05/27/26
3
1.5
1,008

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
508 S FARMER Avenue, Tempe, AZ 85281
0.04
$1,400,000
8
1
4,400
Recently Sold
425 - 427 W 5TH Street W, Tempe, AZ 85281
0.02
$1,300,000
3
3
4,400
Recently Sold
421 W 6TH Street #1008, Tempe, AZ 85281
0.07
$750,000
3
3.5
2,270
For Sale
421 W 6TH Street #1009, Tempe, AZ 85281
0.07
-
2
2.5
1,472
Off Market
421 W 6TH Street #1012, Tempe, AZ 85281
0.07
$549,000
2
3
1,734
Off Market
603 S WILSON Street, Tempe, AZ 85281
0.07
$850,000
3
3.5
2,181
Recently Sold
548 S WILSON Street #104, Tempe, AZ 85281
0.07
$285,000
2
2
1,048
Recently Sold
421 W 6TH Street #1022, Tempe, AZ 85281
0.09
$500,800
3
3
1,553
Off Market
505 W 6TH Street, Tempe, AZ 85281
0.08
$575,000
2
2.5
1,964
Recently Sold
544 S WILSON Street #103, Tempe, AZ 85281
0.07
$294,300
2
2
1,048
Off Market
421 W 6TH Street #1014, Tempe, AZ 85281
0.09
$488,100
2
3
1,470
Off Market

Price and Tax history

DateEventPrice
May 18, 2026
Source: ARMLS #7029919
Listed For Sale
$795,000
Dec 6, 2025
Source: ARMLS #6862698
ListingRemoved
$795,000
Jun 6, 2025
Source: ARMLS #6862698
PriceChange
$795,000
Price decreased by 12%
May 8, 2025
Source: ARMLS #6862698
Listed For Sale
$900,000
Dec 8, 2021
Source: ARMLS #6273322
Sold
$470,000

LGBTQ Local Legal Protections

Bruce Swift, Windermere Real Estate & Property Management
Agent Phone: (480) 766-6695

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Frequently asked questions about 421 W 5TH Street

  • What is the estimated monthly payment for 421 W 5TH Street?
    Based on a $795,000 list price with 20% down at today's rates, the estimated monthly payment for 421 W 5TH Street in Tempe, AZ is approximately $4,548 (about $4,201 principal & interest, $272 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 421 W 5TH Street compare to homes in Tempe?
    421 W 5TH Street in Tempe, AZ is listed at $795,000, about 72% above the $463K median sale price in Tempe.
  • What are the closest schools to 421 W 5TH Street?
    The closest schools to 421 W 5TH Street in Tempe, AZ are Geneva Epps Mosley Middle School (rated 2/10), Scales Technology Academy (Pre-K/Elementary, rated 4/10), Tempe High School (rated 5/10).
  • What is 421 W 5TH Street estimated to be worth?
    Trulia's estimated value for 421 W 5TH Street in Tempe, AZ is $749,000.
  • Does 421 W 5TH Street have air conditioning?
    Yes, 421 W 5TH Street in Tempe, AZ has air conditioning.
  • How big is the lot at 421 W 5TH Street?
    The lot at 421 W 5TH Street in Tempe, AZ is about 0.19 acres (8,375 sq ft).
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.