1218 S Farmer Avenue, Tempe, AZ 85281

Local realty services provided by:ERA Brokers Consolidated
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:December 17, 2025 at 07:44 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)
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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