Occupied Multifamily
For Sale
$895,000
401 West 5th Street, Tempe, AZ 85281
R3-zoned property positioned within Tempe’s transportation overlay district near light rail and streetcar connections.
Property SizeContact for details
Days on Market221
Property Features for 401 West 5th Street
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
R3
Occupancy
100%
Net Operating Income
$32,283
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,831
Amenities
Ceiling Fan(s), See Remarks, Heat Pump
See Remarks, Heat Pump
Other
Yes
0.0
Built-Up
No Pool
1
4
Painted, Block
Building Details
Year Built
1960
Listing Agency:
HomeSmart
(602) 369-7994
Listed By:
Ron Fedri · License #BR007057000
(602) 369-7994
Source:
Compass
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This multifamily property was built in 1960 and is currently 100% occupied, providing an existing operating profile for a purchaser. The asset carries R3 zoning and is situated within Tempe’s transportation overlay district.
The surrounding area includes office and commercial projects, a boutique hotel, and condominium developments. Access to regional transportation includes Valley light rail and Tempe’s streetcar service, placing the property within a connected urban setting.
The surrounding area includes office and commercial projects, a boutique hotel, and condominium developments. Access to regional transportation includes Valley light rail and Tempe’s streetcar service, placing the property within a connected urban setting.
Key Highlights
- 100% occupancy across the existing units
- R3 zoning
- Located within Tempe’s transportation overlay district
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - R3-zoned property positioned within Tempe’s transportation overlay district near light rail and streetcar connections.
Where is this multifamily property located?
The property is located at 401 West 5th Street Tempe, AZ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 100% occupancy across the existing units; R3 zoning; Located within Tempe’s transportation overlay district
