MLS# 6887472 – 1234 S Farmer Avenue, Tempe, AZ 85281

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$949,995 - Br/Ba - for Sale in State College Homes Lots 41-48, Tempe
Price: $949,995
Units: 3
Property Type: Multiple Dwellings
Status: Active
Year Built: 1950
Neighborhood: State College Homes Lots 41-48
Days on Website: 333

Courtesy of Venture REI, LLC

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Property Description

Incredible triplex in the heart of downtown Tempe—just a stone’s throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since 1996. Each unit has private access, with 410 W 13th featuring its own separate entrance. Prime walkable location near campus, Mill Ave, and Tempe Town Lake!

Open House

Property Details and Features

  • Appliances & Equipment
  • “Refrigerator”
  • “Free-Standing Electric Oven”
  • “Microwave”
  • “Washer/Dryer”
  • “W/D Hookup”
  • Building
  • Built in 1950
  • Construction materials: “Painted”, “Block”
  • 3 total units
  • Cooling
  • “Central Air”
  • “Ceiling Fan(s)”
  • “Window/Wall Unit”
  • “Electric”
  • Expenses
  • Insurance: $2,117
  • Maintenance: $1,525
  • Exterior Features
  • “Sidewalk(s)”
  • Floors
  • “Ceramic Tile”
  • “Concrete”
  • Heating
  • “Electric”
  • Listing
  • Listing ID: 6887472
  • Standard status: Active
  • 334 days on market
  • Location
  • Subdivision name: STATE COLLEGE HOMES LOTS 41-48
  • Parking
  • “1 Space/Unit”
  • 6 total parkings
  • Property
  • Zoning: R3
  • Roof
  • “Composition”
  • Schools
  • Elementary school: Holdeman Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $1,979
  • Lot: 7
  • Utilities
  • “SRP”

Property Map

$949,995 – 1234 S Farmer Avenue, Tempe, AZ 85281

Street View

Nearby Schools

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Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Request More Information

Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Schedule a Showing

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This content last updated on May 30, 2026 9:29AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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