1027 S Farmer Avenue Unit 7, Tempe, AZ 85281
- $495,000
- List Price
- $495,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 7077357
- City
- Tempe
- Lot Size
- 7,125
- Acres
- 0.16
Property Description
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL This parcel may be purchased individually or together with the adjacent parcel 124-70-003, offering the opportunity for a larger redevelopment site. See MLS #7077345 for the adjacent parcel. 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, 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. Opportunities of this scale and proximity to ASU are rare to find
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $2,714
- Zoning
- R-3
- Subdivision
- Farmers Addition Blocks 1-2 Part 3 Lots 1-5
- Electric
- APS
- Water
- City Franchise
- New Financing
- Cash, Conventional
Courtesy of eXp Realty. 888-897-7821
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.