Listing MLS# 6919748 Tempe AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Tempe AZ real estate, State College Homes Lots 41-48 - Tempe real estate for sale, Tempe, AZ homes for sale and Tempe real estate and Tempe homes.

$1,675,000 No Recent Price Change
1218 S Farmer Avenue
Tempe, AZ 85281
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1960Year Built
  • 0.00Acres
  • 65 yearsEst Age
  • MLS# 6919748
  • Multifamily
  • Multiple Dwellings
  • Active


Overview

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.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  Barbecue, Play Area, No Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Wood Frame, Painted, Block

Roof:  Composition

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Trash Collection,Water,Sewer

Gross Income:  119700

Insurance Expense:  4000

Garage / Parking

Parking Features:  Add'l Parking Avail, 1 Space/Unit, Carport

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Vinyl

Appliances:  Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave

Fireplace:  No

Lot Info

Lot Size:  9523

Number of Buildings:  3

Other School Info

Property Info

Road Surface Type:  Asphalt, Sidewalk(s)

Zoning:  R-3

Property Attached:  No

Tax Info

Tax Legal Description:  LOT 4 STATE COLLEGE HOMES LOTS 41-48 MCR 003620

Tax Amount Annual:  2668

Unit Info

Total Units:  9

Utilities / Hvac

Water Source:  City Franchise

Electric:  APS

Cooling:  Yes

Cool System:  Central Air, Ceiling Fan(s), Electric

Heating:  Heat Pump, Electric

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

Directions

South on Farmer from University to property

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On barbarabakerrealty.com since Mon, Sep 15th 2025
No Property History recorded for this listing.
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