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Off Market

1556 W 5th St

Tempe AZ 85281

5
Multi-Family
Last sold for $915,000
Michael J. MisheskiMichael J. Misheski, last sold this property on 21 November 2025 after 70 days on market.

Overview

Incredible and rare opportunity to own a newly rebuilt duplex in the heart of Tempe. Property was expanded to include 2 mirror image units (approx 1,800 sq ft each) with 3 bedrooms and 3 baths - all en suite! Each unit features vaulted ceilings in living areas and primary suite, wood plank tile throughout, individual laundry with tankless water heater, a private outdoor space, and off street parking. Large kitchens with custom cabinetry, center island, granite countertops, and stainless appliances. Spacious primary suites offer a luxurious bath featuring a walk-in shower, soaking tub, and walk-in closet. Proximity to ASU, Sky Harbor Airport, and freeways make it perfect opportunity for a savvy investor or an income stream for an owner occupant. See floor plan for layout details. Off street parking for 5 vehicles including 2 at the rear of the property off of the alley. Front bathroom is a walk-thru bath with access to both the front bedroom and living room. Both kitchens have an RO water filtration system. Free City of Tempe Orbit Shuttle to ASU campus and more drops off and picks up just outside the property for the ultimate in convenience.

Features

5 carspaces
5 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Tempe over the last 12 months, the estimated median property value of 1556 W 5th St is $700k.

Median value
$700k
Estimated value range
$480k - $2.4m
Median days on market
69
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Tempe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1556 W 5th St

2025
Sold
$915,000
21 Nov 2025 by Michael J. Misheski, of HomeSmart

Happy sellers in Tempe

95%
95% of sellers in Tempe reported that their sale price either exceeded or met their price expectations.

Tempe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Tempe over the last 12 months.

Local market activity for multi families in Tempe

In the last 12 months, 18 multi families similar to 1556 W 5th St, have been sold.

This represents a 26% decrease in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Tempe

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Kelli Gubrud

Sellers who recommend Kelli Gubrud have praised them for being local expert, clear communication, hard-working, and supportive

  •   5   (29 reviews)
  •  3 Reviews in Tempe
  •  4 Sales in Tempe
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Braden Johnson

Sellers who recommend Braden Johnson have praised them for being local expert and clear communication

  •   5   (31 reviews)
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Elaine Beery

Elaine Beery is a recommended agent for Tempe.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (33 reviews)
  •  2 Reviews in Tempe
  •  1 Sale in Tempe
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Randy Courtney

Sellers who recommend Randy Courtney have praised them for being local expert, reliable, responsive, supportive, clear communication, great negotiation, and great team

  •   5   (87 reviews)
  •  1 Review in Tempe
  •  3 Sales in Tempe
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