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$1,675,000

  • For Sale
  • Active
  • Multi-Family
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Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term tenants. The property sits on a generous lot with potential for future development (buyer to verify). On-site laundry, separate utility meters, This is a turnkey addition to any investor's portfolio. Easy access to transit, ASU, shopping, and major employment centers. Whether you're a seasoned investor or entering the multifamily market, this is a rare chance to acquire a stable, cash-flowing asset.

Full Property Details for 1218 S Farmer Ave

General

  • Price: $1,675,000
  • Taxes: $2,668 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6919748
  • Updated: 11/21/2025
  • Added to Site: 124 day(s) ago

Interior

  • Appliances: Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
  • Flooring: Vinyl

Parking

  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: STATE COLLEGE HOMES LOTS 41-48
  • Cross Streets: University & Farmer

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Heat Pump, Electric

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 3
  • Exterior Const.: Wood Frame, Painted, Block
  • Roof: Composition
  • Year Built: 1960

Unit Information

  • Vacancy %: .05

Lot Features

  • Lot Dimensions: 9523
  • Zoning: R-3

Financial Considerations

  • Tax Amount: $2,668
  • Tax Year: 2024
  • Terms: Owner May Carry, Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Multiple Parcels: Yes
  • Legal Description: LOT 4 STATE COLLEGE HOMES LOTS 41-48 MCR 003620
  • Property ID: 124-70-026
  • Range: 4E
  • Section: 21
  • Lot Number: 4

Listed by Civic Center Real Estate

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— 1218 S Farmer Ave —

  • Civic Center Real Estate

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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 1218 S Farmer Ave

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Holdeman Elementary School
1326 West 18th Street, Tempe, AZ 85281
K-50.9 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 1218 S Farmer Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/15/2025
Listed
$1,675,000
19.64%
MLS
12/16/2019
Sold
$1,400,000
—
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 1218 S Farmer Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,855
7%
$85,880
—
2024
$2,668
1%
$85,980
-3%
2023
$2,636
4%
$88,400
8%
2022
$2,528
—
$81,700
25%
2022
$2,528
-1%
$65,330
18%
2021
$2,546
3%
$55,480
12%
2020
$2,468
2%
$49,450
25%
2019
$2,422
3%
$39,650
21%
2018
$2,362
3%
$32,850
21%
2017
$2,291
1%
$27,100
10%
2016
$2,275
4%
$24,680
-1%
2015
$2,185
-12%
$24,810
21%
2014
$2,473
39%
$20,570
76%
2013
$1,781
—
$11,710
—
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.

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Listed by Civic Center Real Estate

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1218 S Farmer Avenue, Tempe, AZ 85281 (MLS# 6919748) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 1218 S Farmer Avenue is currently listed for $1,675,000 and was received on September 15, 2025. Want to learn more about 1218 S Farmer Avenue? Do you have questions about finding other Multi-Family 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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