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$1,675,000
45 Days On Site

1218 S FARMER Avenue
Tempe, AZ 85281

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1960
Built
Subdivision:
STATE COLLEGE HOMES LOTS 41-48
County:
Maricopa
Call Now: 480-487-7770
Is this the listing for you? We can help make it yours.
480-487-7770
1218 S FARMER Avenue1218 S FARMER Avenue1218 S FARMER Avenue1218 S FARMER Avenue
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Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term tenants. The property sits on a generous lot with potential for future development (buyer to verify). On-site laundry, separate utility meters, This is a turnkey addition to any investor's portfolio. Easy access to transit, ASU, shopping, and major employment centers. Whether you're a seasoned investor or entering the multifamily market, this is a rare chance to acquire a stable, cash-flowing asset.

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Listing Snapshot
Price 
$1,675,000
Days On Site 
45 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1960
MLS® Number 
6919748
Status 
Active
Property Tax 
$2,668
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Cross Street 
University & Farmer
Disclosures 
None
Parking 
Carport
Parking Spaces 
16
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
R-3
Interior Features
Appliances 
DisposalDishwasherRefrigeratorBuilt-In Electric OvenMicrowave
Cooling 
Central AirCeiling Fan(s)Electric
Flooring 
Vinyl
Heating 
Heat PumpElectric
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Exterior Features
Construction Details 
Block
Roof 
Composition
Community Features
Financing Terms Available 
Owner May CarryConventional1031 Exchange
Roads 
Asphalt
School District 
Tempe Union High School District
Township 
1N
Schools
School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Middle School
Geneva Epps Mosley Middle School
High School
Tempe High School
Listing courtesy of Civic Center Real Estate.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2025-10-30 06:05 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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