1201 S Farmer Avenue #1, Tempe, AZ 85281

Tempe
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
1201 S Farmer Avenue #1,Tempe, AZ 85281
$352,500
  • - Acres
  • Lots / Land
  • Sold
Listed by: olivia guza
Office: compass
MLS#:6994729
Source:ARMLS

Sorry, we are unable to map this address


Price summary

  • Price:$352,500

About this home

This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:6994729
  • Updated:April 24, 2026 at 06:34 AM

Schools

  • High school:Tempe High School
  • Middle school:Getz School
  • Elementary school:Getz School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$352,500
  • Tax amount:$2,865 (2025)
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 1201 S Farmer Avenue #1