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● For sale

$949,995

1234 S FARMER Avenue, Tempe, AZ 85281

STATE COLLEGE HOMES LOTS 41-48 · Maricopa County

Built 1950 No HOA

336 days on market

Description

Incredible triplex in the heart of downtown Tempe—just a stone's throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since 1996. Each unit has private access, with 410 W 13th featuring its own separate entrance. Prime walkable location near campus, Mill Ave, and Tempe Town Lake!

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile

Appliances

Refrigerator
Microwave
Washer/Dryer
W/D Hookup
Free-Standing Electric Oven

Heating and Cooling

Cooling Features: Central Air, Electric, Window/Wall Unit, Ceiling Fan(s)
Heating Features: Electric

Exterior

Exterior and Lot Features

Sidewalk(s)

Land Info

Lot Size Dimensions: 100 x 70

Garage and Parking

Attached Garage: No
Parking Features: 1 Space/Unit

Community

Neighborhood

Subdivision: STATE COLLEGE HOMES LOTS 41-48

Listing

Other Property Info

Annual Tax Amount: $1,979
Source Listing Status: Active
County: Maricopa
Directions: West on 13th St / Right on Farmer. Home is on the corner of 13th and Farmer.
Parcel Number: 124-70-031-B
Zoning: R3
Postal City: Tempe
Listing Date: 6/30/2025
MLS#: 6887472

Features

Building and Construction

Year Built: 1950
Property Age: 76
Construction Materials: Block, Painted
Roof: Composition

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Alan Kittelman Venture REI, LLC

Listing updated: January 23, 2026

MLS#: 6887472

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