1218 S Farmer Avenue, Tempe, AZ 85281
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
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:September 16, 2025 at 03:07 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)
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