Tempe, AZ 85281,1218 S FARMER Avenue
Tempe, AZ 85281,1218 S FARMER Avenue
Tempe, AZ 85281,1218 S FARMER Avenue
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Desert Dream Realty

Desert Dream Realty

+1(480) 252-8300
$1,675,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision State College Homes Lots 41-48

MLS Listing ID 6919748

Year Built 1960

Annual Tax Amount $2,668

Tax Year 2024

Lot Dimensions 9523

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community State College Homes Lots 41-48

Area Maricopa

Zoning R-3

Direction South on Farmer from University to property

Interior

Heating Heat Pump, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Vinyl

Appliance Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave

Exterior

Parking Features Add'l Parking Avail, 1 Space/Unit, Carport

Community Features Barbecue, Play Area, No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Holdeman Elementary School

Middle Schools Geneva Epps Mosley Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 124-70-026

Acceptable Financing Owner May Carry, Conventional, 1031 Exchange

Disclosures None

Listing Terms Owner May Carry, Conventional, 1031 Exchange

Read Less Info
Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Civic Center Real Estate

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    Ward Traditional Academy

    Public | KG - 8

  • 9

    Fuller Elementary School

    Public | KG - 5

  • 8

    Hudson Elementary School

    Public | KG - 5

  • 7

    Tempe Academy of International Studies Mckemy Camp

    Public | 6 - 6

  • 7

    Broadmor Elementary School

    Public | KG - 5

  • 5

    Nevitt Elementary School

    Public | PK - 5

  • 5

    Wood School

    Public | PK - 5

  • 5

    Carminati School

    Public | KG - 5

  • 5

    Laird Elementary School

    Public | KG - 8

  • 5

    Yavapai Elementary School

    Public | PK - 6

  • 5

    Arredondo Elementary School

    Public | KG - 5

  • 5

    Imagine Tempe

    Public | KG - 8

  • 5

    Curry Elementary School

    Public | KG - 5

  • 4

    Frank Elementary School

    Public | PK - 5

  • 4

    Scales Technology Academy

    Public | KG - 5

  • 4

    Aguilar School

    Public | KG - 5

  • 2

    Holdeman Elementary School

    Public | PK - 5

  • 1

    Children First Academy - Tempe

    Public | KG - 8

  • 0

    Getz School

    Public | PK - 12

  • 0

    Emmanuel Lutheran School

    Private | PK - 8

Middle Schools 7
  • 9

    Tempe Preparatory Academy

    Public | 7 - 12

  • 7

    James Madison Preparatory School

    Public | 7 - 12

  • 5

    Fees College Preparatory Middle School

    Public | 6 - 8

  • 5

    Connolly Middle School

    Public | 6 - 8

  • 4

    Gililland Middle School

    Public | 6 - 8

  • 0

    Supai Middle School

    Public | 6 - 8

  • 0

    New School for the Arts Middle School

    Public | 6 - 8

High Schools 11
  • 7

    McClintock High School

    Public | 9 - 12

  • 5

    Tempe High School

    Public | 9 - 12

  • 5

    New School for the Arts

    Public | 9 - 12

  • 1

    Student Choice High School

    Public | 9 - 12

  • 0

    Pinnacle High School - Tempe

    Public | 9 - 12

  • 0

    Evit - Tempe High School

    Public | 9 - 12

  • 0

    International Commerce High School - Tempe

    Public | 9 - 12

  • 0

    Humanities and Science High School - Tempe

    Public | 9 - 12

  • 0

    Humanities and Sciences Academy Arizona

    Public | 9 - 12

  • 0

    Pinnacle Virtual High School

    Public | 9 - 12

  • 0

    Evit - Mcclintock High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Desert Dream Realty

Desert Dream Realty

+1(480) 252-8300

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