2402 E 5TH Street NW 1524, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 3 bath
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Tempe, AZ 85288
This Modern Turnkey Townhouse represents a stable residential acquisition, listed at $365,000—aligning precisely with its $364,843 Fair Market Value. Maintaining a Good Condition Rating, the home features a modernized kitchen with quartz countertops, stainless steel appliances, and updated flooring throughout the main living areas. Its strategic location in the heart of Tempe provides immediate access to ASU and Tempe Marketplace, offering both lifestyle convenience and high rental demand. This move-in-ready asset is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking a low-maintenance property in a high-growth corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2402 E 5TH Street NW 1524 Subject | $365,000* List Price | 2 | 3 | 1,100 | $332 | - |
A 552 S ALLRED Drive Sold | $302,500 | 2 | 2 | 987 | $306 | 0.2 mi |
B 552 S ALLRED Drive Sold | $302,500 | 2 | 2 | 987 | $306 | 0.2 mi |
C 280 S EVERGREEN Road 1263 Active | $409,900 List Price | 2 | 3 | 1,135 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2007, placing it within the 10-20 year age range for a 'good' rating. It is move-in ready with several high-quality updates, including a modernized kitchen with quartz countertops, two-tone cabinetry, and stainless steel appliances. While the flooring and kitchen have been recently updated, the bathrooms appear to retain some original 2007-era features such as the oak-style vanities and standard light fixtures, which prevents it from meeting the 'excellent' criteria of a full recent renovation of all components.
Situated in the heart of Tempe with immediate access to ASU, Tempe Marketplace, and major highways, making it an ideal spot for students and professionals.
Features high-end quartz countertops, newer appliances, and updated flooring, offering a turnkey, move-in ready experience.
Located in a high-demand area with a functional 2-bedroom, 3-bathroom layout, this property serves as a strong investment opportunity for the rental market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =684, other record lot size in square feet = 1190. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 1161.
As a condominium unit, outdoor space is restricted to a private balcony, which may not appeal to those seeking a traditional private yard.
The property is currently 'Active Under Contract,' indicating it is already under a purchase agreement, which limits immediate accessibility for new buyers.
Beautifully updated condo in the heart of Tempe! This move-in ready home features newer flooring throughout the main living areas and guest room with brand-new plush carpet in the primary bedroom for added comfort. The upgraded kitchen shines with modern quartz countertops, newer appliances, and ample cabinet space, perfect for cooking and entertaining. The open-concept layout offers abundant natural light and a spacious feel. Enjoy a private balcony, community amenities, and convenient access to ASU, Tempe Marketplace, Loop 202, Sky Harbor, shopping, dining, and nightlife. Ideal for a primary residence, student living, or a strong investment opportunity in a high-demand area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,100 | 1,188 | 38% |
| Lot Size | 684 | 988 | 50% |
| Price | $365.0K | $335.0K | 50% |
| Price per sq ft | $332 | $306 | 63% |
| Built year | 2007 | 1984 | 75% |
| HOA | $248 | $278 | 50% |
| Days on market | 95 | 470 | 13% |
Mar 3, 2026
$365,000
Initial Listing