1214 S FARMER Avenue, Tempe, AZ 85281

$1,490,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,490,000 Last Modified: 6/03/2026

Overview

Description

The property consists of seven units, across two buildings. The front building is a single story triplex, while the rear building is a two story loft style fourplex. The property is extremely well located, being just west of ASU's Tempe Campus. The unit mix is unknown, however two tenants are long term and five are short term.

Listing Details MLS# 7036697

Location, Tax & Legal

House Number
1214
Compass
S
Street Name
FARMER
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5778
Country
US
County Code
Maricopa
Subdivision
STATE COLLEGE HOMES LOTS 41-48
Assessor Number
124-70-025
Tax Year
2025
Assessor's Map #
70
Legal Description (Abbrev)
LOT 3 STATE COLLEGE HOMES LOTS 41-48 MCR 003620
Assessor's Parcel #
25
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
318900
Taxes
2248
Legal
LOT 3 STATE COLLEGE HOMES LOTS 41-48 MCR 003620
Marketing Name
Tempe Triplex/Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9500
Year Built
1947
Uncvrd Parking Spcs
3
Total # of Units
7
# of Buildings
2
Zoning
R-3
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Mill and University
Directions
Head north on Mill Ave toward E Balboa Dr then turn left onto W 13th St. The destination will be on the right.

Legal Info

Township
1N
Range
4E
Section
21
Lot Number
3

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

More Information

Efficiency Units

# Efficiency Units
7
Avg Rent
725
Avg SqFt
150

1 Bedroom Units

# 1 Bedroom Units
7
Avg Rent
1300
Avg SqFt
687

Contact Info

List Agent Home Phn
480-273-0212
List Agent Hme Phn 2
480-273-0212
List Agent Cell Phn2
480-273-0212

Project Type

Tri-Plex
Yes
Four Plex
Yes
5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes
Foam
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes
Other
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2248
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
1490000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Other (See Remarks)
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Other (See Remarks)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex; Four Plex; 5 - 12 Units Construction: Block Const - Finish: Stucco Roofing: Composition; Foam Floors: Vinyl; Ceramic Tile; Carpet; Other Sale Includes: Land & Building; Laundry Equipment Community Features: Other; See Remarks Exterior Amenities: Desert Landscaping; Other (See Remarks) Interior Features: Fire/Smoke Alarm(s); Other (See Remarks) Appliances Included: Refrigerator; Dishwasher; Washer/Dryer Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas Parking Features: 1 Space/Unit Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Treat as Free&Clear Existing 3rd Loan: Treat as Free&Clear New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: R.O.I. Properties
Last Updated: June - 03 - 2026
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