1218 S Farmer Avenue Tempe, AZ 85281
Listing Courtesy of: Arizona Regional MLS / Civic Center Real Estate

  1218 S Farmer Avenue Tempe, AZ 85281

Active (202 Days)
$1,675,000 (USD)

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.

MLS #:
6919748
Taxes
$2,668
Type
Multifamily
Year Built
1960
County
Maricopa County

Listed By

Chris Bianco, Civic Center Real Estate
Source
Arizona Regional MLS
Last checked Apr 4 2026 at 3:14 PM MST
Bathroom Details
Heating and Cooling
  • Heat Pump
  • Electric
  • Central Air
  • Ceiling Fan(s)
Flooring
  • Vinyl
Exterior Features
  • Block
  • Painted
  • Wood Frame
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Holdeman Elementary School
  • Middle School: Geneva Epps Mosley Middle School
  • High School: Tempe High School
Parking
  • 1 Space/Unit
  • Add'L Parking Avail
  • Carport
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/4/26 08:14.