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401 W 5TH Street Tempe, AZ $ 895,000
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401 W 5TH Street
$ 895,000
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401 W 5TH Street

Tempe, AZ, 85281
$ 895,000
Baths0.0

Monthly Estimate*

$ 5,511

401 W 5TH Street, Tempe, AZ 85281 - Image 1
Studio

Multi-Family Home for sale in Tempe, AZ

for $895,000. This home was built in 1960.

PRIME PROPERTY LOCATED WITHIN TEMPE'S TRANSPORTATION OVERLAY DISTRICT. SURROUNDED BY A HIGH END COLLECTION OF OFFICE/COMMERCIAL DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY CONDOMINIUMS. THE PROPERTY IS ALSO INTERCONNECTED TO MULTIPLE TRANSPORTATION NETWORKS INCLUDING THE VALLEY LIGHT RAIL, AND TEMPE'S OWN STREET CAR SERVICE. THE EXISTING UNITS ARE 100% OCCUPIED WITH IMMEDIATE CASH FLOW ALLOWING FOR AN INCOME STREAM WHILE PLANNING YOUR FUTURE DEVELOPMENT.

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Multi-Family Active

Price

$ 895,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,831

Style

Multiple Dwellings

Year Built

1960

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6982393
Features
General
Sewer Sewer-In & Connected Public Sewer
Heating See Remarks Heat Pump
Cooling Ceiling Fan(s) See Remarks Heat Pump
Roof Built-Up
Zoning R3
Construction Materials Painted Block
Year Built 1960
Electric APS Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 0.0
Community Features No Pool
County Maricopa
Net Operating Income 32283.0
Operating Expense 1831.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name ORTH SUB
Garage Y/N N
Status Active
Directions THE PROPERTY OCCUPIES THE SOUTH WEST CORNER 5TH ST AND FARMER IN TEMPE.
City Tempe
Disclosures None
High School District Tempe Union High School District
Open Parking Spaces 4.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1831.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
Cap Rate 3.61
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Off Street 1 Space/Unit
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 8375
Road Surface Type Gravel
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 401
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* Excluded Features
List By
Homesmart

Broker

Ron@RealtyronAz.com

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Affordability Calculator

$5,663
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,511
Monthly Property Taxes
$153
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327087 Elementary School
4327661 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/10/2026$895,000 Listed Price

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401 W 5TH Street, Tempe, AZ, 85281 is a Multi-Family Home for sale at $895,000. 401 W 5TH Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 85281 which is in Tempe, AZ

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