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1218 S FARMER Ave, Tempe, AZ 85281

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCivic Center Real Estate
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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.

Location

Full feature list

Basic info

Property type
Multi-family
Lot size (acres)
0.22
Year built
1960

Exterior features

Horse amenities
Stable

Utilities

Heating
Heat Pump, Electric
Cooling
Central Air, Ceiling Fans, Electric
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Insurance
$333

Taxes

Tax Annual Amount (2024)
$2,668

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6919748 Last checked:

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.