1214 South Farmer Avenue, Tempe, AZ 85281

1214 S Farmer Avenue presents an opportunity to acquire a fully occupied seven-unit multifamily property in the highly desirable Tempe submarket. Originally constructed in 1947/1958, the property features a unit mix of six one-bedroom/one-bath units and one studio unit, offering stable cash flow supported by consistent workforce and student housing demand.

Zoned R-3, the property is ideally positioned near Arizona State University, Downtown Tempe, Tempe Town Lake, and several of the region's largest employment centers. Residents benefit from convenient access to Loop 202, Loop 101, Interstate 10, and Phoenix Sky Harbor International Airport, providing connectivity throughout the Phoenix metropolitan area.

Offered at $1,490,000 ($213,000/unit), 1214 S Farmer Avenue provides investors the opportunity to acquire a stabilized multifamily asset in one of Metro Phoenix's most supply-constrained and rapidly appreciating rental markets, supported by strong population growth, a diverse employment base, and continued investment throughout the Tempe area.