1027 S Farmer Avenue #7, Tempe, AZ 85281

Tempe
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1027 S Farmer Avenue #7,Tempe, AZ 85281
$495,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: katherine r ortmeier, ari jakobov
Office: exp realty
MLS#:7077357
Source:ARMLS

Price summary

  • Price:$495,000

About this home

PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL This parcel may be purchased individually or together with the adjacent parcel 124-70-003, offering the opportunity for a larger redevelopment site. See MLS #7077345 for the adjacent parcel. A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Opportunities of this scale and proximity to ASU are rare to find

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Home facts

  • Subdivision & Development:FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
  • Listing ID #:7077357
  • Updated:September 08, 2026 at 11:49 PM

Structure and exterior

  • Lot area:0.16 Acres

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$495,000
  • Tax amount:$2,714 (2025)
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