1234 S FARMER Avenue Tempe, AZ ^$ 949,995

1234 S FARMER Avenue

^$ 949,995

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1234 S FARMER Avenue

Tempe, AZ, 85281

^$ 949,995

Studio Baths0.0

Monthly Estimate*

^$ 5,927

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Studio

Multi-Family Home for sale in Tempe, AZ

for $949,995. This home was built in 1950.

Incredible triplex in the heart of downtown Tempe—just a stone's throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since 1996. Each unit has private access, with 410 W 13th featuring its own separate entrance. Prime walkable location near campus, Mill Ave, and Tempe Town Lake!

Multi-Family Active

Price

^$ 949,995

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,979

Style

Multiple Dwellings

Year Built

1950

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6887472

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air Ceiling Fan(s) Window/Wall Unit Electric

Roof Composition

Zoning R3

Construction Materials Painted Block

Year Built 1950

Electric SRP

Township 1N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 45600.0

Community Features No Pool

County Maricopa

Net Operating Income 38906.8

Operating Expense 1979.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name STATE COLLEGE HOMES LOTS 41-48

Garage Y/N N

Status Active

Directions West on 13th St / Right on Farmer. Home is on the corner of 13th and Farmer.

High School Tempe High School

City Tempe

Disclosures None

High School District Tempe Union High School District

Open Parking Spaces 3.0

Number Of Units Total 3

Carport Y/N N

Elementary School Holdeman Elementary School

Tax Annual Amount 1979.0

Middle/Junior High School Geneva Epps Mosley Middle School

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Tempe School District

Tax Lot 7

Cap Rate 4.1

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Ceramic Tile Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source City Franchise

Total Parking 6.0

Number of Buildings 1

Spa N

Lot Dimensions 100 x 70

Covered Spaces 3.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1234

* Excluded Features

List By

Venture Rei, Llc

Broker

alan@rezamp.com

Affordability Calculator

$6,092

Per Month

Monthly Principal & Interest: $5,927
Monthly Property Taxes: $165
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$1,195,700

Percent of Sale Price 26%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327796 Elementary School

4327128 Middle School

Tempe High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/1/2025	$949,995		Listed Price

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1234 S FARMER Avenue, Tempe, AZ, 85281 is a Multi-Family Home for sale at $949,995. 1234 S FARMER Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 85281 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The 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.

Data is updated as of 12/15/2025.

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1234 S FARMER Avenue

Multi-Family Home for sale in Tempe, AZ

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