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1027 S FARMER Avenue # 7 Tempe, AZ $ 495,000
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$ 495,000 Get more info
1027 S FARMER Avenue # 7
$ 495,000
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Share Save

1027 S FARMER Avenue # 7

Tempe, AZ, 85281
$ 495,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,125

1027 S FARMER Avenue # 7, Tempe, AZ 85281 - Image 1
1027 S FARMER Avenue # 7, Tempe, AZ 85281 - Image 2
1027 S FARMER Avenue # 7, Tempe, AZ 85281 - Image 3

Lots and Land for sale in Tempe, AZ

for $495,000. The lot size is 0.16.

PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL This parcel may be purchased individually or together with the adjacent parcel 124-70-003, offering the opportunity for a larger redevelopment site. See MLS #7077345 for the adjacent parcel. A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Opportunities of this scale and proximity to ASU are rare to find

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Lots and Land Active

Price

$ 495,000

Property Type

Lots and Land

Taxes

$ 2,714

Style

Land

Lot Size

0.16

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

7077357
Features
General
Sewer Public Sewer
Zoning R-3
Electric APS
Township 1N
Unit Number 7
Tax Year 2025
County Maricopa
Property Type Land
HOA N
Subdivision Name FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Possible Use Single Family Multi-Family
Special Listing Conditions N/A
Status Active
City Tempe
Disclosures ALTA Survey Alba
High School District Tempe Union High School District
Lot Size Units Acres
Lot Size Square Feet 7125.0
Carport Y/N N
Tax Annual Amount 2714.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 7
New Financing: Conventional True
Senior Community N
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Exterior
Water Source City Franchise
Lot Size Area 0.16
Spa N
Lot Dimensions 142.5'x50'
Lot Size Acres 0.16
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 1027
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* Excluded Features
List By
Exp Realty

Broker

Katherine@JakobovGroup.com

Email

Affordability Calculator

$3,352
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,125
Monthly Property Taxes
$226
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4327087 Elementary School
4327661 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/8/2026$495,000 Listed Price

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1027 S FARMER Avenue # 7, Tempe, AZ, 85281 is a Lots and Land for sale at $495,000 with a lot size of 0.16. 1027 S FARMER Avenue # 7 has 0.0 baths. The property's zip code is 85281 which is in Tempe, AZ

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