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$395,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.2 Acres
  • Updated 6 hours ago
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This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

Full Property Details for 1201 S Farmer Ave #1

General

  • Price: $395,000
  • Taxes: $2,864 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6994729
  • Updated: 3/6/2026
  • Added to Site: 1 day(s) ago

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
  • Cross Streets: Mill and 13th St

Utilities

  • Dist. to Gas: None
  • Dist. to Electric: Under 350 Feet
  • Dist. to Sewer: Under 350 Feet
  • Water: City Franchise
  • Dist. to Water: Under 350 Feet
  • Dist. to Telecomm: Under 350 Feet

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,755
  • Lot Dimensions: 142.5 x 41
  • Frontage: Asphalt
  • Trees/Vegetation: Natural Vegetation
  • Zoning: R-3

Financial Considerations

  • Tax Amount: $2,864.5
  • Tax Year: 2025
  • Terms: Cash, 1031 Exchange, Conventional

Disclosures and Reports

  • Legal Description: TH POR FARMERS ADDITION MCR 1-53 & DESC 2016-0053679 DKT 8106 PG 725 LOC NE4 SEC 21 DAF COM NW COR L
  • Property ID: 124-70-013-C
  • Range: 4E
  • Section: 21
  • Lot Number: 1

Listed by Compass

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— 1201 S Farmer Ave #1 —

  • Compass

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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 1201 S Farmer Ave #1

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
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1201 S Farmer Ave #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$395,000
31.67%
MLS
5/01/2017
Sold
$300,000
—
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 1201 S Farmer Ave #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,865
7%
$49,400
7%
2024
$2,677
1%
$46,320
-10%
2023
$2,645
4%
$51,430
6%
2022
$2,537
—
$48,400
28%
2022
$2,537
-1%
$37,760
14%
2021
$2,555
3%
$33,200
11%
2020
$2,477
2%
$30,000
21%
2019
$2,430
-8%
$24,770
12%
2018
$2,639
—
$22,180
—
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 1201 S Farmer Ave #1

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

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NMLS#: 1598647

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Listed by Compass

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1201 S Farmer Avenue #1, Tempe, AZ 85281 (MLS# 6994729) is a Lots/Land property with a lot size of 0.2 acres. 1201 S Farmer Avenue #1 is currently listed for $395,000 and was received on March 06, 2026. Want to learn more about 1201 S Farmer Avenue #1? 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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