427 W 5th St, Tempe, AZ 85281
Property image
Property image
OFF MARKET

$754,800

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 1,554 sqft (on 0.25 acres)

427 W 5th St, Tempe, AZ 85281

Riverside
Est. Refi. Payment $4,302/mo*
Refinance Your Home

Home Value

Trulia Estimate
$755K
Since last month
Increased$1K (+0.2%)
Since last year
Decreased$113K (-13%)
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 +151% in the last 10 years
MonthEstimated value
2026
August 2026$755K
August 2026$751K
July 2026$753K
June 2026$764K
May 2026$754K
April 2026$746K
March 2026$745K
February 2026$754K
January 2026$735K
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
425 - 427 W 5TH Street W, Tempe, AZ
0.01
Multi-Family Home
$1,300,000
08/12/26
3
3
4,400
105 S HARDY Drive, Tempe, AZ
0.46
Multi-Family Home
$675,000
03/23/26
4
4
1,928
538 W 13TH Street #A, Tempe, AZ
0.73
Multi-Family Home
$650,000
02/23/26
5
3
2,106
508 S FARMER Avenue, Tempe, AZ
0.05
Multi-Family Home
$1,400,000
05/28/26
8
1
4,400
1301 W 3RD Street, Tempe, AZ
0.79
Multi-Family Home
$800,000
09/30/25
6
2
2,800
1321 W 5th Street, Tempe, AZ
0.84
Multi-Family Home
$827,000
09/19/25
8
4
2,800
401 W 5th St, Tempe, AZ
0.06
Multi-Family Home
$700,000
06/01/26
-
2,148
626 S Wilson Street, Tempe, AZ
0.13
Multi-Family Home
$2,375,000
04/21/26
14
12
7,340
1218 S FARMER Avenue, Tempe, AZ
0.68
Multi-Family Home
$1,610,000
07/03/26
7
8
6,250
1558 W 5TH Street, Tempe, AZ
1.13
Multi-Family Home
$915,000
11/21/25
6
6
3,602

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
421 W 5TH Street, Tempe, AZ 85281
0.01
$795,000
3
1
1,000
For Sale
508 S FARMER Avenue, Tempe, AZ 85281
0.05
$1,400,000
8
1
4,400
Recently Sold
425 - 427 W 5TH Street W, Tempe, AZ 85281
0.01
$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
$543,800
2
2.5
1,472
Off Market
421 W 6TH Street #1012, Tempe, AZ 85281
0.07
$545,000
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
0.06
$285,000
2
2
1,048
Recently Sold
421 W 6TH Street #1022, Tempe, AZ 85281
0.09
$497,000
3
3
1,553
Off Market
505 W 6TH Street, Tempe, AZ 85281
0.07
$575,000
2
2.5
1,964
Recently Sold
544 S WILSON Street #103, Tempe, AZ 85281
0.06
$294,200
2
2
1,048
Off Market
421 W 6TH Street #1014, Tempe, AZ 85281
0.08
$485,600
2
3
1,470
Off Market

Local Information

  • Map ViewExplore the area around 427 W 5th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1963
0.25 acre lot
1,554 sqft
$486/sqft

About this House

Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.
427 W 5th St, Tempe, AZ 85281 is a 3 bedroom, 3 bathroom, 1,554 sqft multi-family in Riverside, built in 1963. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $754,800, with a rent estimate of $2,335/month.

Home Details for 427 W 5th St

Interior Features

Heating & Cooling
Heating: Forced AirCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: OtherExterior: Block
Parking & Garage
Parking Spaces: 8

Property Information

Year Built
Year Built: 1963Year Updated: 1963
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 4

Lot Information

Lot Area: 10759 sqft

Price and Tax history

DateEventPrice
Feb 9, 2025
Source: ARMLS #6462063
ListingRemoved
$2,750,000
Mar 30, 2023
Source: HomeSmart
ListingRemoved
Feb 11, 2023
Source: ARMLS #6462063
PriceChange
$2,750,000
Price decreased by 8%
Feb 6, 2023
Source: ARMLS #6462063
PriceChange
$3,000,000
Price increased by 20%
Sep 27, 2022
Source: ARMLS #6462063
PriceChange
$2,500,000
Price decreased by 14%

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

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

LGBTQ Local Legal Protections

Frequently asked questions about 427 W 5th St

  • What is 427 W 5th St estimated to be worth?
    Trulia's estimated value for 427 W 5th St in Tempe, AZ is $754,800.
  • Is Tempe a buyer's or seller's market?
    Tempe is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $463K. That is down $1.67K from the prior month.
  • What are the closest schools to 427 W 5th St?
    The closest schools to 427 W 5th St 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).
  • Does 427 W 5th St have air conditioning?
    Yes, 427 W 5th St in Tempe, AZ has air conditioning.
  • Does 427 W 5th St have parking?
    Yes, 427 W 5th St in Tempe, AZ has on-site parking.

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