1219 S Farmer Avenue, Tempe, AZ 85281 (MLS# 7011894)

1219 S Farmer Avenue, Tempe, AZ 85281

$1,420,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,420,000 Last Modified: 4/10/2026

Overview

Description

This 7-unit, garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport. Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly remodeled in the past 5 years (the other two units are occupied by long-term tenants). Along with interior updates, the property's comprehensive renovation included significant roofing, plumbing, and electrical work, with 4 of 7 units now boasting their own laundry facilities. Six storage rooms also on site. Don't miss out on this incredible location!

Listing Details MLS# 7011894

Location, Tax & Legal

House Number: 1219
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: US
County Code: Maricopa
Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Assessor Number: 124-70-019
Tax Year: 2025
Assessor's Map #: 70
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 2258
Legal: FARMERS LOT 6 & S 25' OF LOT 5 BLK 5
Marketing Name: Farmer

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 75' x 142.5'
Year Built: 1961
Uncvrd Parking Spcs: 10
Total # of Units: 7
# of Buildings: 3
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 Ave & 13th St
Directions: From Mill Ave, turn west on 13th St. In approximately 1200 feet, turn north (right) on Farmer Ave. Property is on the east side of the street.

Legal Info

Lot Number: 6

Income Expenses

Net Operating Income: 75795.72

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: 4
Avg Rent: 1128
Avg SqFt: 400
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1395
Avg SqFt: 525
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1360
Avg SqFt: 650
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes
Foam: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Cap Rate: 5.34
Equity: 1420000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes
None: Yes

Community Features

No Pool: Yes

Heating

Individual: Yes
Central: Yes
Window/Wall Unit(s): Yes
2 or More Units: Yes

Cooling

Central Air: Yes
Window/Wall Unit: Yes
Individual: Yes
2 or More Units: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition; Foam Floors: Vinyl; Ceramic Tile; Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Sidewalk(s); Separate Storage Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Microwave; Washer/Dryer Heating: Individual; Central; Window/Wall Unit(s); 2 or More Units Cooling: Window/Wall Unit; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit; Paved Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: HomeSmart

Last Updated: April - 10 - 2026