506 W 5th St #Duplex, Tempe, AZ 85281
Property image
Property image
OFF MARKET

506 W 5th St #Duplex
Tempe, AZ 85281

Riverside
  • Studio
  • 1 Bath
  • 550 sqft
Studio
1 Bath
550 sqft

Local Information

  • Map ViewExplore the area around 506 W 5th St #Duplex.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

550 Studio/Loft
Old Style charm
Close to everything
Light Rail
ASU
Tiled
AC
Free Bus LIne

Owner pays water and trash/ resident responsible for gas and electric.
Minimum credit score of 650. Perfect for a person without a vehicle.
Just a friendly reminder, this is a no pet property.
506 W 5th St #Duplex, Tempe, AZ 85281 is a studio, 1 bathroom, 550 sqft apartment in Riverside, built in 1950. More recently, it was listed as a rental in July 2017 with an asking price of $650 per month. That rental listing was removed on March 24, 2021. It is currently off market. The Trulia Estimate rent is $1,310/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 506 W 5th St #Duplex

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: Apartment

Interior Features

Interior Details
Types of Rooms: Master Bath
Appliances & Utilities
Refrigerator
Heating & Cooling
Air ConditioningCooling System: Central
Levels, Entrance, & Accessibility
Floors: Tile

Exterior Features

Parking & Garage
Parking: Off Street

Price History for 506 W 5th St #Duplex

DatePriceEventSource
03/24/2021ListingRemovedN/A
08/05/2017$650ListingRemovedN/A
07/29/2017$650Listed For RentN/A
06/27/2017$650ListingRemovedN/A
05/30/2017$650Listed For RentN/A
09/03/2016$650ListingRemovedN/A
09/01/2015$575ListingRemovedN/A
08/22/2015$575Listed For RentN/A
05/08/2015$640ListingRemovedN/A
04/08/2015$640Listed For RentN/A
07/26/2014$625ListingRemovedN/A
07/18/2014$625Listed For RentN/A

Market trends in Tempe

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$5KMoM
Sale-to-List Price
98.5%
0.1%MoM
Price per sq ft
$291
$2MoM
Available listings
550
13MoM
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Comparable Sales for 506 W 5th St #Duplex

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
700 W UNIVERSITY Drive #253, Tempe, AZ
0.27
Apartment
$155,500
03/02/26
1
1
595
154 W 5TH Street #137, Tempe, AZ
0.25
Apartment
$262,000
07/01/26
1
1
666
154 W 5TH Street #105, Tempe, AZ
0.27
Apartment
$255,000
04/07/26
1
1
666
700 W UNIVERSITY Drive #A206, Tempe, AZ
0.27
Apartment
$240,000
10/16/25
2
1
840
616 S HARDY Drive #146, Tempe, AZ
0.40
Apartment
$290,000
08/07/25
2
2
779
435 W RIO SALADO Parkway #111, Tempe, AZ
0.31
Apartment
$425,000
06/08/26
2
2
1,180
616 S HARDY Drive #116, Tempe, AZ
0.44
Apartment
$215,000
06/09/26
2
2
779
616 S HARDY Drive #224, Tempe, AZ
0.47
Apartment
$320,000
12/01/25
2
2
779
1065 W 1ST Street #106, Tempe, AZ
0.59
Apartment
$225,000
12/18/25
2
2
751
1245 W 1st St, Tempe, AZ
0.75
Apartment
$230,000
04/15/26
2
1
900

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Assigned Schools

These are the assigned schools for 506 W 5th St #Duplex.
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
    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

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Off Market Homes Near 506 W 5th St #Duplex

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