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Garden-Style 10-Plex Apartment Building

425 427 W 5th Street Tempe, AZ 85281

425 427 W 5th Street, Tempe, AZ, 85281
$2,300,000
For Sale
$2,300,000

Garden-style 10-plex with studio, one- and two-bedroom units, block construction from 1957 and 1963.

Property Size4,414 SF
Price / SF$521.07
Days on Market206

Property Features for 425 427 W 5th Street

General Information

Standard status
Active
Size
4,414 SF
Property subtype
General Commercial

Building Details

Year Built
1957
Listing agency Tierra Antigua Realty
Listed by Mark Hays · License #AZ BR556215000
Source Xome
Added: Dec 29, 2025 Updated: Jul 22 at 2:04AM Checked: Jul 22 at 2:04AM

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 Tierra Antigua Realty


Investment Insights

Based on property information with market context.

Offered for sale, this garden-style 10-plex comprises eight studios (approximately 388 sq. ft.), one-bedroom apartments (approximately 550 sq. ft.), and two-bedroom units (approximately 750 sq. ft.). The building features block construction dating to 1957 and 1963.

The property is located at 425–427 W 5th Street in Tempe and is described as a short walk to ASU’s main campus. It is also positioned near the 202 Freeway and Sky Harbor Airport, with nearby restaurants and attractions.

The unit mix is designed for a range of household sizes, while the consistent garden-style setup and long-held ownership reflect an opportunity for an owner-operator or investor to manage this income property at the asset level.

Key Highlights

  • Garden‑style 10‑plex in Tempe’s Orth subdivision built in 1957 and 1963 (block construction).
  • Unit mix includes 8 studios (~388 SF), one 1‑bedroom (~550 SF), and one 2‑bedroom (~750 SF).
  • Central air cooling and heating (3) are listed interior features.

Property Analytics

Location Intelligence

Current Use by Public Records

Collective IAP Coworking & Hybrid Office

Suggested Use

Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Storage Facility Pet Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Garden-style 10-plex with studio, one- and two-bedroom units, block construction from 1957 and 1963.
Where is this apartment building located?
The property is located at 425 427 W 5th Street Tempe, AZ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Garden‑style 10‑plex in Tempe’s Orth subdivision built in 1957 and 1963 (block construction).; Unit mix includes 8 studios (~388 SF), one 1‑bedroom (~550 SF), and one 2‑bedroom (~750 SF).; Central air cooling and heating (3) are listed interior features.
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