1218 S Farmer Ave

$1,675,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

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...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.
  1. Listed by Chris Bianco • Brokerage DRE #LC647970000 • Civic Center Real Estate
    P: (602)-291-2090 cbiancodtc@gmail.com

Property Details for 1218 South Farmer Avenue

Subdivision Name
STATE COLLEGE HOMES LOTS 41-48
View YN
No
Zoning
R-3
LISTING UPDATED: 09/15/2025 10:16 AM

Property Details for 1218 South Farmer Avenue

StatusActive
MLS #6919748
Days on Market96
Taxes$2,668 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1960
Lot Size0.22 AC / 9,523 SF
CountyMaricopa County

Location

Listing Courtesy of Civic Center Real Estate
Add your commute

Building Information for 1218 South Farmer Avenue

Stories-Residences9Year Built1960Building Size-Lot Size0.22 AC / 9,523 SF

Payment Calculator

$8,499 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,277

Property Taxes

$222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1218 South Farmer Avenue

Summary
Location and General Information
  • Unparsed Address: 1218 S FARMER Avenue, Tempe, AZ 85281
  • City: Tempe
  • Coordinates: -111.944654, 33.415331
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: University & Farmer
  • Directions: South on Farmer from University to property
  • Latitude: 33.415331
  • Longitude: -111.944654
  • Postal City: Tempe
  • Postal Code: 85281
  • Postal Code Plus4: 5500
  • State Or Province: AZ
  • Street Suffix: Avenue
  • Year Built: 1,960
Taxes and HOA
  • Tax Annual Amount: $2,668.00
  • Tax Book Number: 124.00
  • Tax Legal Description: LOT 4 STATE COLLEGE HOMES LOTS 41-48 MCR 003620
  • Tax Lot: 4
  • Tax Year: 2,024
Parking
  • Covered Spaces: 10
  • Garage YN: No
  • Open Parking Spaces: 6
  • Open Parking YN: Yes
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
  • Parking Total: 16
School Information
  • Elementary School: Holdeman Elementary School
  • Elementary School District: Tempe School District
  • High School: Tempe High School
  • High School District: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 9523
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 09-15-2025 09:59:54 AM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 12470026
  • Property Type: Multiple Dwellings
  • Public Survey Range: 4E
  • Public Survey Section: 21
  • Public Survey Township: 1N
  • Road Surface Type: Asphalt, Sidewalk(s)
Utilities
  • Electric: APS
  • Electric Expense: $.00
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $4,800.00
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: Barbecue, Play Area, No Pool
  • Construction Materials: Wood Frame, Painted, Block
  • Number Of Buildings: 3
  • Number Of Units Total: 9
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling YN: Yes
  • Flooring: Vinyl
  • Heating: Heat Pump, Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gardner Expense: $1,200.00
  • Gross Income: $119,700.00
  • Gross Scheduled Income: $122,400.00
  • Insurance Expense: $4,000.00
  • Net Operating Income: $108,667.00
  • Operating Expense: $17,601.00

Property History for 1218 South Farmer Avenue

DateEvent & SourcePriceAppreciation
Sep 15, 2025

Price Change

ARMLS #6919748

$1,675,000—
Sep 15, 2025

Listed (Active)

ARMLS #6919748

$167,500—
Dec 20, 2019

Withdrawn

ARMLS #5987785

$960,000—
Oct 4, 2019

Listed (Active)

ARMLS #5987785

$960,000—
DateEvent & SourcePrice
09/15/2025

Price Change

ARMLS #6919748

$1,675,000
09/15/2025

Listed (Active)

ARMLS #6919748

$167,500
12/20/2019

Withdrawn

ARMLS #5987785

$960,000
10/04/2019

Listed (Active)

ARMLS #5987785

$960,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1218 South Farmer Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$2,855 ($238 / month)
Home Facts
Beds0Total Finished SqFt1,950 SqFtAbove Grade Finished SqFt1,950 SqFtStories1Lot Size9,500 SqFtStyleTownhouseYear Built1960ZoningR-3CountyMARICOPAAPN124-70-026

Schools near 1218 South Farmer Avenue

This home is within Tempe Union High School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Holdeman Elementary School
PublicPK to 5

Geneva Epps Mosley Middle School
Public6 to 8

Tempe High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1218 South Farmer Avenue is a multi-family home for sale in Tempe, AZ 85281. This property was listed for sale on September 15, 2025 by Civic Center Real Estate, it's currently listed at $1,675,000. This listing's school districts are Tempe Union High School District, Tempe School District. Nearby schools include Holdeman Elementary School, Geneva Epps Mosley Middle School and Tempe High School. 1218 South Farmer Avenue is a 0-bed, 0-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Civic Center Real Estate

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.