$1,675,000

1218 S FARMER Avenue, Tempe, AZ 85281

Multi-Family Home
Built in 1960
—— sqft lot
—— car garage
$——/sqft
Listed 2 months ago

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.

Listing Status:: Active
Date Added:: September 15, 2025 at 05:00AM
Listing Office:: Civic Center Real Estate : 602-291-2090
Listing Agent:: Chris Bianco : 602-291-2090
MLS ID:: 6919748

Flooring: Vinyl
A/C: Central AirCeiling Fan(s)Electric
Heating: Heat PumpElectric

Parking: Add'l Parking Avail1 Space/UnitCarportParking spaces: 16

Roofing: Composition
General: Wood FramePaintedBlock

Road/Access: AsphaltSidewalk(s)
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Tempe School District
County: Maricopa

Zoning: R-312470026

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Chris Bianco, Civic Center Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Holdeman Elementary School

1326 W 18th St, Tempe, AZ, 85281

Grades KG-5

0.95 miles away

Gililland Middle School

1025 S Beck Ave, Tempe, AZ, 85281

Grades 6-8

0.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.