1218 S Farmer Avenue, Tempe, AZ 85281
- $1,610,000
- Sold Price
- $1,610,000
- List Price
- $1,675,000
- Status
- CLOSED
- Days on Market
- 285
- Closing Date
- Jul 03, 2026
- MLS#
- 6919748
- Subtype
- Multiple Dwellings
- Year Built
- 1960
- Subdivision
- State College Homes Lots 41-48
Property 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.
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Additional Information
- Exterior Features
- Sidewalk(s)
- Taxes
- $2,668
- Zoning
- R-3
- Heating
- Electric, Heat Pump
- Air Conditioning
- Central Air, Electric, Ceiling Fan(s)
- Exterior Construction
- Block, Wood Frame, Painted
- Parking Features
- 1 Space/Unit, Carport
- Elementary School
- Holdeman Elementary School
- Middle School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
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Listing courtesy of Listing Agent: Chris Bianco (602-291-2090) from Listing Office: Civic Center Real Estate.
Selling Office: Civic Center Real Estate.All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.