About This Home

This land at 1027 S FARMER Avenue #7 in Tempe, AZ is listed for $495,000 (0.16 acres).

Key Features

  • 0.16 acre lot

Property Details

#7
Listing 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

Location

1027 S FARMER Avenue #7

Tempe, AZ 85281

FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5

Questions & Answers

This 0-bedroom, 0-bathroom land at 1027 S FARMER Avenue is listed at $495,000. The estimated monthly payment is $2,647 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.16 acre lot.

This property is listed by Katherine R Ortmeier.

KO

Katherine R Ortmeier

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: (602) 525-3224 · View on Broker Site · Broker website

MLS# 7077357· Source: Arizona Regional Multiple Listing Service, Inc.· 51 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1027 S FARMER Avenue #7, Tempe, AZ 85281

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