$895,000

401 W 5TH Street, Tempe, AZ 85281

Multi-Family Home
Built in 1960
—— sqft lot
—— car garage
$——/sqft
Listed 12 hours ago

Property Description

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.

Listing Status:: Active
Date Added:: January 31, 2026
Data Last Updated:: February 11, 2026 at 7:06AM
Listing Office:: HomeSmart : 480-443-7400
Listing Agent:: Ron Fedri : 602-369-7994
MLS ID:: 6982393

Flooring: Other
A/C: Ceiling Fan(s)See RemarksHeat Pump
Heating: See RemarksHeat Pump

Parking: Off Street1 Space/UnitParking spaces: 4

Roofing: Built-Up
General: PaintedBlock

Road/Access: Gravel
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Tempe Union High School District
County: Maricopa

Zoning: R312433001A

Water: City Franchise
Sewer: Sewer-In & ConnectedPublic Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Ron Fedri , HomeSmart

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Scales Technology Academy

1115 W 5th St, Tempe, AZ, 85281

Grades KG-5

0.62 miles away

Gililland Middle School

1025 S Beck Ave, Tempe, AZ, 85281

Grades 6-8

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.