$995,000
1031 S Farmer Ave Lots 7 & -- #8
- Listed
- Sep 8, 2026
- Since listed
- 9 days
- Lot
- 7,125 sqft lot
Home highlights
- No HOA
About this home
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.
From ARMLS
Property details
Systems & utilities
- Electric
- APS
- Sewer
- Public Sewer
- Water source
- City Franchise
Lot, exterior & construction
- Lot size
- 7,125 sqft lot
Community & lifestyle
- Subdivision
- FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Location
Explore the neighborhood
1031 S Farmer Ave Lots 7 & -- #8, Tempe, AZ 85281
Map location is based on MLS coordinates. Verify the exact property location before visiting.
Listing information
- Status
- Active
- MLS number
- 7077345
- Listed
- Sep 8, 2026
- Last updated
- Sep 8, 2026, 2:04 PM MST
- County
- Maricopa
- Tax year
- 2025
- Listing terms
- Cash, Conventional
- Special conditions
- N/A
- Listing agent
- Katherine R Ortmeier
- Listing brokerage
- eXp Realty
Listing courtesy of Katherine R Ortmeier, eXp Realty.