1055 W 5TH Street 13, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Townhouse-style Condo is a Strong Value Opportunity, listed at $269,000—positioned well below the $280,700 Fair Market Value by 4%. This valuation gap offers $11,700 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring modern bathroom updates and a private enclosed patio. Located just over a mile from ASU, this asset provides high rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance Tempe residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1055 W 5TH Street 13 Subject | $265,000* List Price | 2 | 2 | 984 | $279 | - |
A 1245 W 1ST Street 125 Active | $308,000 List Price | 2 | 2 | 984 | $313 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1984 (40 years old), the interior shows evidence of significant updates within the 5-15 year range. The bathroom features a modern white shaker-style vanity, updated fixtures, and contemporary lighting. The property is described as a low-maintenance, move-in ready unit, suggesting systems and the kitchen are functional and well-maintained.
Situated just over a mile from Arizona State University and minutes from Downtown Tempe and Tempe Town Lake, this property offers exceptional convenience for students, faculty, and urban professionals.
The two-story design effectively separates the living and sleeping quarters, featuring a private enclosed rear patio and a dedicated covered carport space for added privacy and convenience.
With a competitive price point under $270,000 in a high-demand rental market, this property presents an excellent opportunity for investors or first-time buyers looking for a low-maintenance entry into Tempe.
The 1.5-bath arrangement requires both bedrooms to share a single full bathroom on the upper level, which may be a drawback for roommates or those seeking more private facilities.
Built in 1984, the unit may require modern cosmetic updates or system upgrades to compete with the newer luxury condominium developments prevalent in the surrounding area.
This property is located in a Community Lending-eligible area, offering potential buyers incentives such as reduced rates or closing cost assistance. Your Tempe Lifestyle Awaits! This 2-story, 2-bed, 1.5-bath townhome-style condo offers low-maintenance living without sacrificing the unbeatable urban convenience of being minutes from ASU and local hot spots. The lower level features a living room, a convenient half-bath, and an eat-in kitchen that flows seamlessly to your own enclosed rear patio. Upstairs, you'll find two bedrooms with roomy closet space and a full shared bathroom, providing a private retreat from the living areas below. Complete with a covered carport parking space and access to a refreshing community pool. Minutes from Downtown Tempe, Tempe Town Lake, and easy freeway access (Loop 202 & I-10). Don't miss this incredible opportunity!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 984 | - |
| Lot Size | 49 | - |
| Price | $265.0K | $315.5K |
| Price per sq ft | $269 | $270 |
| Built year | 1984 | 0 |
| HOA | $300 | $0 |
| Days on market | 55 | 2203 |
Jul 7, 2026
$265,000
$269,000
-1% Price Drop
Initial Listing
May 28, 2026
$269,000
Initial Listing