$1,675,000
1218 S FARMER Avenue, Tempe, AZ 85281
STATE COLLEGE HOMES LOTS 41-48 · Maricopa County
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.
Property details
Interior
Bathrooms
- Total Bathrooms: 0
Appliances
- Refrigerator
- Dishwasher
- Disposal
- Microwave
- Built-In Electric Oven
Heating and Cooling
- Cooling Features: Central Air, Electric, Ceiling Fan(s)
- Heating Features: Electric, Heat Pump
Exterior
Exterior and Lot Features
- Sidewalk(s)
Land Info
- Lot Size Dimensions: 9523
Garage and Parking
- Attached Garage: No
- Parking Features: 1 Space/Unit, Carport
Community
Neighborhood
- Subdivision: STATE COLLEGE HOMES LOTS 41-48
Listing
Other Property Info
- Annual Tax Amount: $2,668
- Source Listing Status: Active
- County: Maricopa
- Directions: South on Farmer from University to property
- Parcel Number: 124-70-026
- Zoning: R-3
- Postal City: Tempe
- Listing Date: 9/15/2025
- MLS#: 6919748
Features
Building and Construction
- Year Built: 1960
- Property Age: 66
- Construction Materials: Block, Wood Frame, Painted
- Roof: Composition
Utilities
- Water Source: City Franchise
Contact Us
Contact Us
Ask a question or schedule a showing
Listing updated: February 19, 2026
MLS#: 6919748
Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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