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508 S Farmer Avenue, Tempe, AZ 85281

Local realty services provided by:CENTURY 21 Arizona Foothills
508 S Farmer Avenue,Tempe, AZ 85281
$1,749,500
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ron fedri
Office: homesmart
MLS#:6978065
Source:ARMLS

Price summary

  • Price:$1,749,500

About this home

PRIME OPPORTUNITY TO PARTICIPATE IN TEMPE'S DOWNTOWN RENAISSANCE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE BEST LOCATIONS FOR LONG TERM INVESTMENT GROWTH. THE PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT WHICH ADDS A WHOLE OTHER LAYER OF DEVELOPMENT POTENTIAL NOT FOUND ELSEWHERE. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW.

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Home facts

  • Year built:1960
  • Listing ID #:6978065
  • Updated:February 02, 2026 at 03:27 AM

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, Heat Pump, Individual Cooling
  • Heating:Heat Pump

Structure and exterior

  • Year built:1960

Utilities

  • Water:City Franchise
  • Sewer:Sewer in & Connected

Finances and disclosures

  • Price:$1,749,500
  • Tax amount:$3,659 (2024)
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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