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1031 S Farmer Ave Lots 7 & 8
Tempe AZ 85281 US

$995,000

Active Listing ID 7077345
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Lot: 0.16 Acres
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$995,000

Active Listing ID 7077345
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1031 S Farmer Ave Lots 7 & 8 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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Property Features

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

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 995000
  • unparsedaddress: 1031 S Farmer Ave Lots 7 &
  • unitnumber: 8
  • 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: 33.417768
  • longitude: -111.943873
  • 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: 124-70-003
  • 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: -111.94387, 33.417767
  • 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/1031-S-Farmer-Ave-Unit-8_Tempe_AZ_85281_M98892-54096?f=listhub&s=ARMLSAZ&m=7077345&c=rexren", "MLSModificationTimestamp":"2026-09-08 21:04:32", "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 9:17:57 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.