1219 S Farmer Avenue Tempe, AZ ^$ 1,420,000

1219 S Farmer Avenue

^$ 1,420,000

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Recently Listed

1219 S Farmer Avenue

Tempe, AZ, 85281

^$ 1,420,000

Studio Baths0.0

Monthly Estimate*

^$ 8,743

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1219 S Farmer Avenue, Tempe, AZ 85281 - Image 8

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1219 S Farmer Avenue, Tempe, AZ 85281 - Image 10

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Studio

Multi-Family Home for sale in Tempe, AZ

for $1,420,000. This home was built in 1961.

This 7-unit, garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport. Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly remodeled in the past 5 years (the other two units are occupied by long-term tenants). Along with interior updates, the property's comprehensive renovation included significant roofing, plumbing, and electrical work, with 4 of 7 units now boasting their own laundry facilities. Six storage rooms also on site. Don't miss out on this incredible location!

Multi-Family Active

Price

^$ 1,420,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,258

Style

Multiple Dwellings

Year Built

1961

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

7011894

Features

General

Sewer Public Sewer

Heating Individual Central Window/Wall Unit(s) 2 or More Units

Cooling Central Air Window/Wall Unit Individual 2 or More Units

Roof Composition Foam

Zoning R-3

Construction Materials Painted Block

Year Built 1961

Electric APS Individual Meter

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 0.0

Community Features No Pool

County Maricopa

Net Operating Income 75795.72

New Construction N

Property Type Multiple Dwellings

Attached Garage N

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

Garage Y/N N

Status Active

Directions From Mill Ave turn west on 13th St. In approximately 1200 feet turn north (right) on Farmer Ave. Property is on the east side of the street.

High School Tempe High School

City Tempe

Disclosures Seller Prop Disc Stm

High School District Tempe Union High School District

Open Parking Spaces 10.0

Number Of Units Total 7

Carport Y/N N

Elementary School Holdeman Elementary School

Tax Annual Amount 2258.0

Middle/Junior High School Geneva Epps Mosley Middle School

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 6

Cap Rate 5.34

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Exterior

Exterior Amenities Sidewalk(s)

Parking Features Paved >1 Space Per Unit

Water Source Master Meter City Franchise

Total Parking 10.0

Number of Buildings 3

Spa N

Lot Dimensions 75' x 142.5'

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Interior

Flooring Other Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Internal Only

Street Number 1 1219

* Excluded Features

List By

Homesmart

Broker

jesse@lowerypremier.com

Affordability Calculator

$8,931

Per Month

Monthly Principal & Interest: $8,743
Monthly Property Taxes: $188
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 ^$1,254,061

Percent of Sale Price 12%

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
4/10/2026	$1,420,000		Listed Price

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1219 S Farmer Avenue, Tempe, AZ, 85281 is a Multi-Family Home for sale at $1,420,000. 1219 S Farmer Avenue is a studio with 0.0 baths and was built in 1961. 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 4/12/2026.

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1219 S Farmer Avenue

Multi-Family Home for sale in Tempe, AZ

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