1101 S FARMER Avenue Tempe, AZ ^$ 995,000

1101 S FARMER Avenue

^$ 995,000

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1101 S FARMER Avenue

Tempe, AZ, 85281

^$ 995,000

Studio Baths0.0

Monthly Estimate*

^$ 6,126

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Studio

Multi-Family Home for sale in Tempe, AZ

for $995,000. This home was built in 1975.

Welcome to this well-maintained fourplex in Tempe! Each of the four units has two bedrooms one bath. The property has recently been upgraded with a new roof and fresh exterior paint, ensuring a modern and appealing aesthetic. The location is a standout feature, being just a short walk away from ASU and the bustling Mill Avenue shops and restaurants. This proximity to local amenities not only provides convenience for tenants but also contributes to the property's stable income, with little to no vacancy. Ample parking is available for tenants, adding to the property's appeal. This is a fantastic opportunity for those seeking a great income-producing property in a prime location.

Multi-Family Active

Price

^$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,859

Style

Multiple Dwellings

Year Built

1975

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6952689

Features

General

Sewer Public Sewer

Heating Heat Pump

Cooling Central Air

Roof Foam

Zoning R-3

Construction Materials Wood Frame Painted Stucco

Year Built 1975

Electric SRP Individual Meter

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 77689.0

Community Features Manager Res/Office No Pool

County Maricopa

Net Operating Income 72674.0

Operating Expense 7874.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 1653.0

Subdivision Name FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5

Garage Y/N N

Status Active

Directions US 60 and Mill North of Mill ave West on 13th North of Farmer. Property on the Right hand side.

High School Tempe High School

City Tempe

Disclosures Seller Prop Disc Stm

High School District Tempe Union High School District

Open Parking Spaces 6.0

Number Of Units Total 4

Carport Y/N N

Elementary School Holdeman Elementary School

Tax Annual Amount 2859.0

Electric Expense 848.0

Fuel Expense 0.0

Middle/Junior High School Geneva Epps Mosley Middle School

Trash Expense 0.0

Water Sewer Expense 2350.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Tempe School District

Tax Lot 1

Cap Rate 7.3

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Carpet Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Add'l Parking Avail 1 Space/Unit

Water Source City Franchise

Total Parking 6.0

Number of Buildings 1

Spa N

Lot Dimensions 7838

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1101

* Excluded Features

List By

Maclay Real Estate

Broker

jenmaclay@gmail.com

Affordability Calculator

$6,365

Per Month

Monthly Principal & Interest: $6,126
Monthly Property Taxes: $238
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$1,183,326

Percent of Sale Price 19%

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
1/10/2026	$995,000	-0.50%	Price Down
12/1/2025	$999,999		Listed Price

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1101 S FARMER Avenue, Tempe, AZ, 85281 is a Multi-Family Home for sale at $995,000. 1101 S FARMER Avenue is a studio with 0.0 baths and was built in 1975. 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 6.25% 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 1/30/2026.

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1101 S FARMER Avenue

Multi-Family Home for sale in Tempe, AZ

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