1234 S FARMER Avenue, Tempe, AZ 85281
$949,995
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$949,995
Last Modified:
7/02/2025
Description
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!
More Information MLS# 6887472
Contract Info
Current Price: $949,995
List Price: $949,995
Status: Active
List Date: 2025-06-30
Ownership: Fee Simple
Location Tax Legal
House Number: 1234
Compass: S
Street Name: FARMER
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5782
County Code: Maricopa
Subdivision: STATE COLLEGE HOMES LOTS 41-48
Assessor Number: 124-70-031-B
Tax Year: 2024
General Property Description
Lot Size Dimensions: 100 x 70
Year Built: 1950
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: R3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: 13th St & Mill Ave
Directions: West on 13th St / Right on Farmer. Home is on the corner of 13th and Farmer.
Geo Lat: 33.41494
Geo Lon: -111.944581
Legal Info
Township: 1N
Range: 4E
Section: 21
Lot Number: 7
Income Expenses
Gross Annual Sch Inc: 45600
Net Operating Income: 38906.8
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
Avg Rent: 1266
Avg SqFt: 800
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1450
Avg SqFt: 900
# Baths: 1
Contact Info
List Agent Home Phn: 480-982-6767
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: 1 Space/Unit
Owner Pays: None
Tenant Pays: Water; Electricity; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Owner May Carry
Environmental: None
Listing Office: Venture REI, LLC
Last Updated: July - 02 - 2025
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