1218 S Farmer Avenue, Tempe, AZ 85281

Tempe
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1218 S Farmer Avenue,Tempe, AZ 85281
$1,675,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: chris bianco
Office: civic center real estate
MLS#:6919748
Source:ARMLS

Price summary

  • Price:$1,675,000

About this home

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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Home facts

  • Year built:1960
  • Listing ID #:6919748
  • Updated:March 19, 2026 at 03:09 PM

Rooms and interior

  • Flooring:Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:1960
  • Construction Materials:Block, Painted

Schools

  • High school:Tempe High School
  • Middle school:Geneva Epps Mosley Middle School
  • Elementary school:Holdeman Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$1,675,000
  • Tax amount:$2,668 (2024)

Parking

  • Total parking spaces:16
  • Parking description:1 Parking Space/Unit, Additional Parking Available, Carport
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.

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