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

Tempe
Local realty services provided by:CENTURY 21 Northwest Realty
1031 S Farmer Ave Lots 7 & -- #8,Tempe, AZ 85281
$995,000
  • 0.33 Acres
  • Lots / Land
  • Active
Listed by: katherine r ortmeier, ari jakobov
Office: exp realty
MLS#:7077345
Source:ARMLS

Price summary

  • Price:$995,000

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.

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Home facts

  • Subdivision & Development:FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
  • Listing ID #:7077345
  • Updated:October 27, 2026 at 05:01 PM

Structure and exterior

  • Lot area:0.33 Acres

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$995,000
  • Tax amount:$2,714 (2025)
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