- $1.7M Price
1218 S Farmer Avenue
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.
Essential Information
- MLS® #6919748
- Price$1,675,000
- Acres0.00
- Year Built1960
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address1218 S Farmer Avenue
- SubdivisionSTATE COLLEGE HOMES LOTS 41-48
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85281
Amenities
- AmenitiesBarbecue, Play Area, No Pool
- Parking Spaces16
Parking
Add'l Parking Avail, 1 Space/Unit, Carport
Interior
- HeatingHeat Pump, Electric
Appliances
Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Cooling
Central Air, Ceiling Fan(s), Electric
Exterior
- RoofComposition
- ConstructionWood Frame, Painted, Block
School Information
- ElementaryHoldeman Elementary School
- HighTempe High School
District
Tempe Union High School District
Middle
Geneva Epps Mosley Middle School
Additional Information
- ZoningR-3
Listing Details
- OfficeCivic Center Real Estate
Civic Center Real Estate.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on September 25th, 2025 at 10:48pm MST.