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$495,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.16 Acres
  • Updated 6 hours ago
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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

Full Property Details for 1027 S Farmer Ave #7

General

  • Price: $495,000
  • Taxes: $2,714 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7077357
  • Updated: 9/8/2026
  • Added to Site: 1 day(s) ago

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5

Utilities

  • Dist. to Gas: Call Listing Office
  • Dist. to Electric: Call Listing Office
  • Dist. to Sewer: Call Listing Office
  • Water: City Franchise
  • Dist. to Water: Call Listing Office
  • Dist. to Telecomm: Call Listing Office

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 7,125
  • Lot Dimensions: 142.5' x 50'
  • Zoning: R-3

Financial Considerations

  • Tax Amount: $2,714
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: FARMERS
  • Property ID: 124-70-002
  • Range: 4E
  • Section: 21
  • Lot Number: 7

Listed by eXp Realty

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Listing agents

— 1027 S Farmer Ave #7 —

  • eXp Realty

  • eXp Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1027 S Farmer Ave #7

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Holdeman Elementary School
1326 West 18th Street, Tempe, AZ 85281
K-51 mi
Geneva Epps Mosley Middle School
1025 South Beck Avenue, Tempe, AZ 85281
6-80.6 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1027 S Farmer Ave #7 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/08/2026
Listed
$495,000
-1%
MLS
12/20/2021
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1027 S Farmer Ave #7

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,714
—
$13,576
-76%
2025
$2,714
81%
$56,985
29%
2023
$1,502
4%
$44,180
5%
2022
$1,441
—
$42,260
26%
2022
$1,441
-1%
$33,630
15%
2021
$1,451
3%
$29,270
13%
2020
$1,407
2%
$25,930
23%
2019
$1,380
3%
$21,050
33%
2018
$1,346
3%
$15,830
9%
2017
$1,306
1%
$14,580
9%
2016
$1,297
4%
$13,360
2%
2015
$1,246
-9%
$13,080
19%
2014
$1,372
31%
$11,020
59%
2013
$1,051
—
$6,910
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1027 S Farmer Ave #7

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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1027 S Farmer Avenue #7, Tempe, AZ 85281 (MLS# 7077357) is a Lots/Land property with a lot size of 0.16 acres. 1027 S Farmer Avenue #7 is currently listed for $495,000 and was received on September 08, 2026. Want to learn more about 1027 S Farmer Avenue #7? Do you have questions about finding other Lots/Land real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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