1218 S Farmer Avenue, Tempe, AZ 85281
- $1,610,000
- Sold Price
- $1,610,000
- List Price
- $1,675,000
- Closing Date
- Jul 03, 2026
- Days on Market
- 285
- Status
- CLOSED
- MLS#
- 6919748
- City
- Tempe
- Subdivision
- State College Homes Lots 41-48
- Year Built
- 1960
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
- Elementary School
- Holdeman Elementary School
- High School
- Tempe High School
- Middle School
- Geneva Epps Mosley Middle School
- Community Features
- No Pool, Play Area, Barbecue
- Construction
- Block, Wood Frame, Painted
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Electric
- APS
- Exterior Features
- Sidewalk(s)
- Heating
- Electric, Heat Pump
- New Financing
- Conventional, 1031 Exchange, Owner May Carry, Cash
- Parking Features
- 1 Space/Unit, Carport
- Roofing
- Composition
- Subdivision
- State College Homes Lots 41-48
- Taxes
- $2,668
- Tax Year
- 2024
- Tenant Pays
- Electricity, Gas
- Units
- 9
- Water
- City Franchise
- Zoning
- R-3
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Listing courtesy of 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.