1218 S Farmer Avenue, Tempe, AZ 85281
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.
Contact an agent
Home facts
- Year built:1960
- Listing ID #:6919748
- Updated:October 25, 2025 at 03:09 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Electric
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1960
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)
New listings near 1218 S Farmer Avenue
$449,000Pending4 beds 2 baths2,110 sq. ft.1655 E La Jolla Drive, Tempe, AZ 85282
MLS# 6938647Listed by: LOCALITY REAL ESTATE- New
$1,550,000Active5 beds 4 baths4,158 sq. ft.8629 S Stanley Place, Tempe, AZ 85284
MLS# 6938595Listed by: REALTY ONE GROUP - New
$625,000Active4 beds 2 baths2,008 sq. ft.315 W Riviera Drive, Tempe, AZ 85282
MLS# 6938354Listed by: KELLER WILLIAMS REALTY SONORAN LIVING - New
$150,000Active2 beds 2 baths1,464 sq. ft.2401 W Southern Avenue #53, Tempe, AZ 85282
MLS# 6938271Listed by: REAL BROKER - New
$685,500Active2 beds 2 baths1,600 sq. ft.140 E Rio Salado Parkway #409, Tempe, AZ 85281
MLS# 6938009Listed by: BRIDGEVIEW CONDOMINIUMS AT TEMPE TOWN LAKE - New
$565,000Active2 beds 2 baths1,484 sq. ft.6411 S River Drive #6, Tempe, AZ 85283
MLS# 6937867Listed by: RUSS LYON SOTHEBY'S INTERNATIONAL REALTY - New
$559,900Active3 beds 2 baths1,832 sq. ft.4616 S Poplar Street, Tempe, AZ 85282
MLS# 6937869Listed by: WEST USA REALTY - New
$489,900Active2 beds 2 baths1,208 sq. ft.945 E Playa Del Norte Drive #4020, Tempe, AZ 85288
MLS# 6937760Listed by: FATHOM REALTY ELITE - New
$758,000Active6 beds 3 baths2,926 sq. ft.2515 S Palm Drive, Tempe, AZ 85282
MLS# 6937461Listed by: FORT LOWELL REALTY & PROPERTY MANAGEMENT - New
$2,500,000Active1.94 Acres7026 E Warner Road, Tempe, AZ 85284
MLS# 6937547Listed by: GNS REALTY- AZ, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.