$895,000

401 W 5th St Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated payment $4,810/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Heat Pump System
  • 5-minute walk to Hayden Butte Preserve

About This Home

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 Agent

Ron Fedri

HomeSmart License #BR007057000 Listed on: 01/31/2026

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,831

Year Built

  • Built in 1960

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 124-33-001-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8375
  • Orth Sub Subdivision

Building Details

  • Operating Expense $1,831
  • Net Operating Income $32,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,831

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 5TH AVE AND FARMER
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2025
  • Road Surface Type: Gravel
  • Subdivision Name: ORTH SUB
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Refrigerator, Free-Standing Gas Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Built-Up

Garage/Parking

  • Parking Features: 1 Space/Unit, Off Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump, See Remarks, Ceiling Fan(s)
  • Heating: Heat Pump, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 8375
  • Additional Parcels: No
  • Parcel #: 124-33-001-A

Multi Family

  • Owner Pays: Other
  • Tenant Pays: Water, Sewer, Gas, Trash Collection
  • Number Of Units Total: 4
  • Property Net Operating Income: 32283.0
  • Annual Operating Expense: 1831.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1831.0
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,960 $16,350 -- --
2024 $1,809 $15,572 -- --
2023 $1,809 $54,470 $10,890 $43,580
2022 $1,736 $41,960 $8,390 $33,570
2021 $1,748 $34,300 $6,860 $27,440
2020 $1,695 $30,130 $6,020 $24,110
2019 $1,662 $25,800 $5,160 $20,640
2018 $1,621 $19,180 $3,830 $15,350
2017 $1,573 $17,850 $3,570 $14,280
2016 $1,562 $16,160 $3,230 $12,930
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2026 01/31/26 For Sale $895,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $220,000 Chicago Title Agency Inc
Warranty Deed $177,000 American Title Service Agenc
Trustee Deed $120,001 None Available
Quit Claim Deed -- Fidelity Title
Special Warranty Deed $350,000 Title Management Agency
Warranty Deed $285,000 Lawyers Title Of Arizona Inc
Warranty Deed $285,000 Lawyers Title Of Arizona Inc
Warranty Deed $285,000 Lawyers Title Of Arizona Inc
Warranty Deed $285,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6982393

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-33-001A

Arizona Maricopa County Tempe 85281 Downtown Tempe

401 W 5th St, Tempe, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Ron Fedri
Listing Agent
Ron Fedri
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HomeSmart
(602) 610-9287