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
For sale
$795,000
421 W 5TH Street, Tempe, AZ 85281
3beds
1,000sqft
Single Family Residence
Built in 1954
8,375 Square Feet Lot
$-- Zestimate®
$795/sqft
$-- HOA
What's special
- 41 days |
- 138 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Bruce Swift 480-766-6695,
Windermere Real Estate & Property Management
Source: ARMLS,MLS#: 7029919
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Cooktop
Features
- Eat-in Kitchen, No Interior Steps
- Flooring: Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,000
- Total interior livable area: 1,000 sqft
Property
Parking
- Total spaces: 3
- Parking features: Carport, Open
- Carport spaces: 1
- Uncovered spaces: 2
Features
- Stories: 1
- Patio & porch: Patio
- Spa features: None
- Fencing: Block,Chain Link
- Has view: Yes
- View description: City Lights
Lot
- Size: 8,375 Square Feet
- Features: North/South Exposure, Alley, Dirt Front, Dirt Back, Gravel/Stone Front, Gravel/Stone Back
Details
- Parcel number: 12433006
- Special conditions: FIRPTA may apply
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Transportation Svcs, Near Light Rail Stop, Near Bus Stop, Playground, Biking/Walking Path
- Subdivision: ORTH SUBDIVISION
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $795/sqft
- Tax assessed value: $302,100
- Annual tax amount: $1,347
- Date on market: 5/19/2026
- Cumulative days on market: 41 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $795,000$795/sqft |
Source:  ARMLS #7029919 Report a problem | ||
| 12/6/2025 | Listing removed | $795,000$795/sqft |
Source: ARMLS #6862698 Report a problem | ||
| 6/6/2025 | Price change | $795,000-11.7%$795/sqft |
Source: ARMLS #6862698 Report a problem | ||
| 5/8/2025 | Listed for sale | $900,000+91.5%$900/sqft |
Source: ARMLS #6862698 Report a problem | ||
| 12/8/2021 | Sold | $470,000-5.8%$470/sqft |
Source: ARMLS #6273322 Report a problem | ||
| 11/23/2021 | Contingent | $499,000$499/sqft |
Source: ARMLS #6273322 Report a problem | ||
| 8/30/2021 | Price change | $499,000-44.6%$499/sqft |
Source: ARMLS #6273322 Report a problem | ||
| 8/2/2021 | Listed for sale | $900,000$900/sqft |
Source: ARMLS #6273322 Report a problem | ||
| 8/27/2017 | Listing removed | $850$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/13/2017 | Listed for rent | $850+6.3%$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 4/26/2015 | Listing removed | $800$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 4/18/2015 | Listed for rent | $800$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 3/5/2015 | Listing removed | $800$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 2/27/2015 | Listed for rent | $800$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 3/2/2013 | Listing removed | $800$1/sqft |
Source: Rental Source Report a problem | ||
| 10/31/2012 | Listed for rent | $800$1/sqft |
Source: Rentbits Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,435 +7% | $30,210 -17.4% |
| 2024 | $1,341 +1.2% | $36,580 +235.4% |
| 2023 | $1,325 +3.8% | $10,906 -59.5% |
| 2022 | $1,276 +2.4% | $26,960 +9.1% |
| 2021 | $1,246 +1.9% | $24,720 +20.7% |
| 2020 | $1,223 +2.5% | $20,480 +29.4% |
| 2019 | $1,192 | $15,830 +14.3% |
| 2018 | $1,192 +3.1% | $13,850 +20.1% |
| 2017 | $1,157 +4.8% | $11,530 +16.9% |
| 2016 | $1,103 +3.4% | $9,860 +13.3% |
| 2015 | $1,067 | $8,700 +23.8% |
| 2014 | -- | $7,030 -10.1% |
| 2013 | -- | $7,820 -20.3% |
| 2012 | -- | $9,810 -26.2% |
| 2011 | -- | $13,300 -23.9% |
| 2010 | -- | $17,470 +4.8% |
| 2009 | -- | $16,670 -16.9% |
| 2008 | -- | $20,050 +12.3% |
| 2007 | -- | $17,850 +38.4% |
| 2006 | -- | $12,900 |
| 2005 | -- | $12,900 +44.1% |
| 2004 | -- | $8,950 |
| 2003 | -- | $8,950 +38.8% |
| 2002 | -- | $6,450 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Riverside
Nearby schools
GreatSchools rating
- 4/10Scales Technology AcademyGrades: PK-5Distance: 0.6 mi
- 2/10Geneva Epps Mosley Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Tempe High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Scales Technology Academy
- Middle: Geneva Epps Mosley Middle School
- High: Tempe High School
- District: Tempe School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Tempe
- 85281
- Riverside
- 421 W 5TH Street
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