Date
Details
Price
Change
Source
9/08/2026
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$995,000 Just Listed
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Property Description
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL 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, this offering includes two parcels, 124-70-002 and 124-70-003, 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. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.
Full Property Details
Full Property Details for 1031 S Farmer Ave Lots 7 & -- #8
General
- Price: $995,000
- Taxes: $2,714 (2025)
- Status: Active
- Type: Lots/Land
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7077345
- Updated: Today (9/8/2026)
- Added to Site: Today
Location
- County: Maricopa
- Township: 1N
- Subdivision: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
- Cross Streets: S Farmer Ave & 10th St
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 100'
- Development Status: Raw Land
- Zoning: R-3
Financial Considerations
- Tax Amount: $2,714
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: FARMERS
- Property ID: 124-70-003
- Range: 4E
- Section: 21
- Lot Number: 8
Listed by eXp Realty
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Schools
Schools serving 1031 S Farmer Ave Lots 7 & -- #8
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Holdeman Elementary School 1326 West 18th Street, Tempe, AZ 85281 | K-5 | 1 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 0.6 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 0.6 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 1031 S Farmer Ave Lots 7 & -- #8
Estimate the Cost
Estimate the Cost for 1031 S Farmer Ave Lots 7 & -- #8
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- Townhouse
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
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1031 S Farmer Ave Lots 7 & -- #8, Tempe, AZ 85281 (MLS# 7077345) is a Lots/Land property with a lot size of 0.16 acres. 1031 S Farmer Ave Lots 7 & -- #8 is currently listed for $995,000 and was received on September 08, 2026. Want to learn more about 1031 S Farmer Ave Lots 7 & -- #8? 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.