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Triplex for Sale in Tempe, AZ

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  • 1234 S Farmer Ave, Tempe, AZ 85281
    1234 S Farmer Ave, Tempe, AZ 85281
    1234 S Farmer Ave, Tempe, AZ 85281
    /47

    $949,995

    1234 S Farmer Ave, Tempe, AZ 85281

    Incredible triplex in the heart of downtown Tempe—just a stone's throw from ASU! This well-maintained 1950 build sits on the corner of 13th & Farmer and includes two 2BR/1BA units (~900 sq ft each) and one ~600 sq ft studio. All three units are leased through July 2026, offering strong in-place cash flow. Updates include newer A/C units, a roof under 10 years old, and long-term ownership since

    Alan Kittelman Venture REI, LLC

    1234 S Farmer Ave, Tempe, AZ 85281
Arizona Maricopa County Tempe

Real Estate & Homes for Sale in Tempe, AZ

Home Trends in Tempe, AZ

On average, homes in Tempe, AZ sell after 57 days on the market compared to the national average of 57 days. The median sale price for homes in Tempe, AZ over the last 12 months is $475,000, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$475,000
Median Single Family Sale Price
$540,000
Median Townhouse Sale Price
$368,500
Median 2 Bedroom Sale Price
$289,900
Median 1 Bedroom Sale Price
$214,900
Average Price Per Sq Ft
$301
Number of Homes for Sale
369
Last 12 months Home Sales
1,408
Months of Supply
3.10
Median List Price
$499,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-1%

Popular Home Searches in Tempe, AZ

Tempe attracts buyers with its blend of desert scenery, vibrant college-town energy, and proximity to the greater Phoenix metro area.

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