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1027 S FARMER Avenue 7
Tempe AZ 85281 US

$495,000

Active Listing ID 7077357
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Lot: 0.16 Acres
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Other

$495,000

Active Listing ID 7077357
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1027 S FARMER Avenue 7 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

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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Land
  • Property Sub-type: Other

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 495000
  • unparsedaddress: 1027 S FARMER Avenue
  • unitnumber: 7
  • postalcity: Tempe
  • stateorprovince: AZ
  • country: US
  • postalcode: 85281
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1636
  • lotsizeunits: Acres
  • lotsizearea: 0.1636
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.417917
  • longitude: -111.943889
  • listagentfullname: Katherine R Ortmeier
  • listagentemail: katherine@jakobovgroup.com
  • listagentkey: 3yd-ARMLSAZ-ko218
  • listagentmlsid: ko218
  • listagentpreferredphone: 7852155202
  • listagentofficephone: 7852155202
  • listofficekey: 3yd-ARMLSAZ-xpre07
  • listofficemlsid: xpre07
  • disclaimer: 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.
  • sourcesystemid: ARMLSAZ
  • listingcontractdate: 2026-09-08
  • listagenturl: https://www.exprealty.com
  • countyorparish: Maricopa
  • parcelnumber: 124-70-002
  • elementaryschooldistrict: Tempe Union High School District
  • middleorjuniorschooldistrict: Tempe Union High School District
  • highschooldistrict: Tempe Union High School District
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.943886, 33.417915
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"katherine@jakobovgroup.com", "ListBrokerageCity":"Peoria", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/88c970d16d7e11e881200242ac110005k-c2429104972r.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(602) 525-3224", "ListBrokeragePostalCode":"85382", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":"#200", "ListBrokerageUnparsedAddress":"16165 N. 83rd Ave.", "ListBrokerageWebsiteUrl":"https://www.exprealty.com", "ListOfficeAddress1":"6991 E Camelback Rd Suite D-300", "ListOfficeAddress2":"#200", "ListOfficeBrokerMlsId":"xpre07", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"US", "ListOfficeEmail":"az.broker@exprealty.net", "ListOfficePostalCode":"85251", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"Land, Tempe, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1027-S-Farmer-Ave-Lot-7_Tempe_AZ_85281_M92909-25513?f=listhub&s=ARMLSAZ&m=7077357&c=rexren", "MLSModificationTimestamp":"2026-09-08 21:04:34", "Neighborhoods":[{"Description":null, "Name":"FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2714, "TaxDescription":"FARMERS", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/8/2026 9:17:52 PM GMT
Source Updated Date: 9/13/2026 12:45:22 AM GMT

Courtesy of: Katherine R Ortmeier, eXp Realty, katherine@jakobovgroup.com

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.