1101 S FARMER Avenue Tempe, AZ $ 999,999
1101 S FARMER Avenue
$ 999,999
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1101 S FARMER Avenue

Tempe, AZ, 85281
$ 999,999
Baths0.0

Monthly Estimate*

$ 6,239

1101 S FARMER Avenue, Tempe, AZ 85281 - Image 1
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 2
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 3
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 4
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 5
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 6
1101 S FARMER Avenue, Tempe, AZ 85281 - Image 7
Studio

Multi-Family Home for sale in Tempe, AZ

for $999,999. 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.

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Multi-Family Active

Price

$ 999,999

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 69000.0
Community Features Manager Res/Office No Pool
County Maricopa
Net Operating Income 53581.23
Operating Expense 15837.17
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1750.28
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 3150.73
Fuel Expense 0.0
Middle/Junior High School Geneva Epps Mosley Middle School
Trash Expense 0.0
Water Sewer Expense 2136.65
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 5.36
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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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
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Internal Only
Street Number 1 1101
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* Excluded Features
List By
Maclay Real Estate

Broker

jenmaclay@gmail.com

Email

Affordability Calculator

$6,477
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,239
Monthly Property Taxes
$238
Monthly 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
4327796 Elementary School
4327128 Middle School
Tempe High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$999,999 Listed Price

Map


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1101 S FARMER Avenue, Tempe, AZ, 85281 is a Multi-Family Home for sale at $999,999. 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