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$1,610,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 3 days ago
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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

  • Sold For: $1,610,000
  • Taxes: $2,668 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6919748
  • Added to Site: 295 day(s) ago

Interior

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

Additional Information

  • Security/Safety: Security Light(s)

Exterior

  • Exterior Features: Sidewalk(s)

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
  • Frontage: Asphalt
  • 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 and Sold by Civic Center Real Estate

Listing agent

— 1218 S Farmer Ave —

  • Civic Center Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1218 S Farmer Ave

Date
Details
Price
Change
Source
7/03/2026
Sold
$1,610,000
-3.88%
MLS
9/15/2025
Listed
$1,675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Civic Center Real Estate

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1218 S Farmer Avenue, Tempe, AZ 85281 (MLS# 6919748) is a Multi-Family property that was sold at $1,610,000 on July 03, 2026. 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.