$495,000

1027 S Farmer Ave Unit 7 Tempe, AZ 85281

Maple Ash Neighborhood

Estimated payment $2,957/month

Total Views 23
0.16 Acres
$3,093,750 Price per Acre
7,125 Sq Ft Lot

About This Lot

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

Listing Agent

Katherine Ortmeier

eXp Realty License #SA695294000 Listed on: 09/08/2026

eXp Realty

Co-Listing Agent

Ari Jakobov

eXp Realty License #SA699624000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,714

Lot Details

  • 7,125 Sq Ft Lot
  • Property is zoned R-3

Utilities

  • Natural Gas Not Available

Community Details

  • No Home Owners Association
  • Farmers Addition Blocks 1 2 Part 3 Lots 1 5 Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 124-70-002

Property Details

Property Type

Land

Est. Annual Taxes

$2,714

Lot Details

7,125 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Zoning: R-3
  • Tax Year: 2025
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: xpre07
  • Co List Office Phone: 888-897-7821
  • Subdivision Name: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
  • Electric:Electric: APS
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Disclosures: ALTA Survey Alba

Utilities

  • Electric: APS
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 142.5'x50'
  • Lot Size Sq Ft: 7125.0
  • Additional Parcels: No
  • Parcel #: 124-70-002

Tax Info

  • Tax Annual Amount: 2714.0
  • Tax Book Number: 124.0
  • Tax Lot: 7
  • Tax Map Number: 70.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/08/2026 09/08/26 For Sale $495,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7077357

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Tempe 85281 Maple Ash

1027 S Farmer Ave Unit 7, Tempe, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Listing Agent
Katherine Ortmeier
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eXp Realty
(623) 294-6329
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