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Garden-Style 7-Unit Apartment Building
For Sale
$1,420,000

1219 S Farmer Avenue, Tempe, AZ 85281

MULTI_FAMILY - Tempe, AZ

Property SizeContact for details
Days on Market134

Property Features for 1219 S Farmer Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Bedrooms 5
Full bathrooms 7
Rooms Bathroom 4, Bedroom 2, Bathroom 7, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 1
Exterior features Sidewalk(s)
Appliances Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
Subdivision FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Elementary school Holdeman Elementary School
Middle school Geneva Epps Mosley Middle School
High school Tempe High School
Elementary school district Tempe School District
Middle school district Tempe Union High School District
High school district Tempe Union High School District
Directions From Mill Ave, turn west on 13th St. In approximately 1200 feet, turn north (right) on Farmer Ave. Property is on the east side of the street.
Standard status Active
APN 124-70-019

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2258

Utilities

Sewer type Public Sewer
Heating system Central, Other (Heating)
Cooling system Multi Units, Wall Unit(s), Central Air, Wall/Window Unit(s)

Amenities

in-unit laundry
storage rooms

Building Details

Year built 1961
Number of units 7
Flooring type Tile - Ceramic, Vinyl
Building materials Painted, Block
Roof type Composition, Foam
Listing Agency: HomeSmart
Listed By: Jesse Lowery
Added: Apr 10 Changed: Aug 1 Last Checked: Aug 21 at 6:06PM
MLS# 7011894

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.

Investment Insights

Based on property information with market context.

Garden-style 7-unit apartment building on painted block construction, built in 1961. The property includes multiple interior updates within the past 5 years, with 5 of 7 units thoroughly remodeled and the remaining 2 units occupied by long-term tenants. The comprehensive renovation also included significant roofing, plumbing, and electrical work. Four of the 7 units now include their own laundry facilities, and there are six storage rooms on site. Interior finishes include tile and vinyl flooring, and kitchens are equipped with free-standing ranges, refrigerators, and microwaves. Washer/dryer appliances are included for units that have laundry.

The property is located near ASU’s main campus (approximately half a mile), and is also close to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport. Sidewalks are present at the exterior, and the property connects to public sewer.

With central and other heating, and multi-unit cooling including central air and wall/window units, the building provides flexible comfort across the unit mix.

Key Highlights

  • 7‑unit garden‑style apartment building with painted block construction
  • 5 of 7 units remodeled within the past 5 years; remaining 2 occupied by long‑term tenants
  • Comprehensive renovation included significant roofing, plumbing, and electrical work

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Pet Store Pet Store & Service Restaurant Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,668
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Garden-style 7-unit multifamily property zoned R-3 with public sewer and recent unit remodels.
Where is this apartment building located?
The property is located at 1219 S Farmer Avenue Tempe, AZ.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: 7‑unit garden‑style apartment building with painted block construction; 5 of 7 units remodeled within the past 5 years; remaining 2 occupied by long‑term tenants; Comprehensive renovation included significant roofing, plumbing, and electrical work
More about this property
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