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● For sale

$1,675,000

1218 S FARMER Avenue, Tempe, AZ 85281

STATE COLLEGE HOMES LOTS 41-48 · Maricopa County

Built 1960 No HOA

260 days on market

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

Ask a question or schedule a showing

Listed by Chris Bianco Civic Center Real Estate

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.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.