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$995,000
4 Days On Site

1031 S Farmer Ave Lots 7 & -- 8
Tempe, AZ 85281

For Sale|Land|Active
Subdivision:
FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
County:
Maricopa

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1031 S Farmer Ave Lots 7 & -- 81031 S Farmer Ave Lots 7 & -- 81031 S Farmer Ave Lots 7 & -- 8
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PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, this offering includes two parcels, 124-70-002 and 124-70-003, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.

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Listing Snapshot
Price 
$995,000
Days On Site 
4 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
N/A
MLS® Number 
7077345
Status 
Active
Property Tax 
$2,714
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
5 days agoListing first seen on site
General Features
Acres 
0.16
Additional Property Use 
OtherSee RemarksSingle FamilyMulti-Family
Cross Street 
S Farmer Ave & 10th St
Disclosures 
ALTA Survey Alba
Sewer 
Public Sewer
Water Source 
Public
Zoning 
R-3
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Community Features
School District 
Tempe Union High School District
Township 
1N
Financing Terms Available 
CashConventional
Schools
School District
Tempe Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of eXp Realty.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-09-13 03:27 PM UTC

Neighborhood & Commute
Source: Walkscore
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