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508 S FARMER Avenue
Tempe AZ 85281 US

$1,749,500

Active Listing ID 6978065
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$1,749,500

Active Listing ID 6978065
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508 S FARMER Avenue 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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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Heat Pump, Electric, Ceiling Fan(s)
  • Roof Type: Built-Up
  • Heating Fuels: Heat Pump (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1749500
  • unparsedaddress: 508 S FARMER Avenue
  • postalcity: Tempe
  • stateorprovince: AZ
  • country: US
  • postalcode: 85281
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.425033
  • longitude: -111.944521
  • listagentfullname: Ron Fedri
  • listagentemail: ron@realtyronaz.com
  • listagentkey: 3yd-ARMLSAZ-rf013
  • listagentmlsid: rf013
  • listagentpreferredphone: 6023697994
  • listagentofficephone: 6023697994
  • listofficekey: 3yd-ARMLSAZ-cril02
  • listofficemlsid: cril02
  • 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
  • yearbuilt: 1960
  • listingcontractdate: 2026-02-01
  • listagenturl: realtyronaz.com
  • countyorparish: Maricopa
  • parcelnumber: 124-33-002-A
  • elementaryschooldistrict: Tempe Union High School District
  • middleorjuniorschooldistrict: Tempe Union High School District
  • highschooldistrict: Tempe Union High School District
  • appliances: Refrigerator, Free-Standing Gas Oven
  • cooling: Heat Pump, Electric, Ceiling Fan(s)
  • constructionmaterials: Painted, Block
  • heating: Heat Pump (Heating)
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Carport, Off Street
  • roof: Built-Up
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -111.94452, 33.425034
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"HomeSmart", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ron@realtyronaz.com", "ListBrokerageCity":"Scottsdale", "ListBrokerageCountry":"US", "ListBrokerageEmail":"broker@hsmove.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/c5ababc321caed0f0121cb007014004f/20140609191651070.png", "ListBrokerageName":"HomeSmart", "ListBrokeragePhone":"(602) 230-7600", "ListBrokeragePostalCode":"85255", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"8388 E. Hartford Dr", "ListBrokerageWebsiteUrl":"http://www.homesmartintl.com", "ListOfficeAddress1":"8901 E Pima Center Pkwy Suite 125", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"cril02", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"USA", "ListOfficeEmail":"rlarue@hsmove.com", "ListOfficePostalCode":"85258", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Tempe, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/508-S-Farmer-Ave_Tempe_AZ_85281_M27520-36251?f=listhub&s=ARMLSAZ&m=6978065&c=rexren", "MLSModificationTimestamp":"2026-02-02 19:56:30", "Neighborhoods":[{"Description":null, "Name":"ORTH SUB"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3659, "TaxDescription":"ORTH SUB S2 LOTS 1 & 2 BLK 1", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/2/2026 8:03:21 PM GMT
Source Updated Date: 2/4/2026 6:48:34 PM GMT

Courtesy of: Ron Fedri, HomeSmart, ron@realtyronaz.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.