1218 S FARMER Avenue, Tempe, AZ 85281

  • $1,675,000
1218 S FARMER Avenue, Tempe, AZ 85281
Active
1218 S FARMER Avenue, Tempe, AZ 85281
1218 S FARMER Avenue, Tempe, AZ 85281
  • $1,675,000

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.

  • Address 1218 S FARMER Avenue
  • City Tempe
  • State/county AZ
  • Zip/Postal Code 85281
  • Area STATE COLLEGE HOMES LOTS 41-48

Details

Updated on February 19, 2026 at 4:42 am
  • Property ID: 6919748
  • Price: $1,675,000
  • Garage Size: x x
  • Year Built: 1960
  • Property Type: Multiple Dwellings
  • Property Status: Active
  • MLS#: 6919748

Additional details

  • Listing Terms: Owner May Carry,Conventional,1031 Exchange
  • Roof: Composition
  • Sewer: Public Sewer
  • Cooling: Central Air,Ceiling Fan(s),Electric
  • Heating: Heat Pump,Electric
  • Flooring: Vinyl
  • County: Maricopa
  • Property Type: Multiple Dwellings
  • Parking: Add'l Parking Avail,1 Space/Unit,Carport
  • Elementary School: Holdeman Elementary School
  • Middle School: Geneva Epps Mosley Middle School
  • High School: Tempe High School
  • Community Features: Barbecue,Play Area,No Pool

Features

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