1201 S Farmer Avenue #1, Tempe, AZ 85281

Tempe
Local realty services provided by:HUNT Real Estate ERA
1201 S Farmer Avenue #1,Tempe, AZ 85281
$395,000
  • 0.2 Acres
  • Lots / Land
  • Active
Listed by: olivia guza
Office: compass
MLS#:6994729
Source:ARMLS

Price summary

  • Price:$395,000

About this home

This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

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Home facts

  • Listing ID #:6994729
  • Updated:March 19, 2026 at 04:00 PM

Structure and exterior

  • Lot area:0.2 Acres

Schools

  • High school:Tempe High School
  • Middle school:Getz School
  • Elementary school:Getz School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$395,000
  • Tax amount:$2,865 (2025)
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