Properties
Tempe, AZ 85281 1234 S FARMER Avenue
$949,995
42 more
Presented By: Venture REI, LLC; 480-409-9000
Home Details
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 1996. Each unit has private access, with 410 W 13th featuring its own separate entrance. Prime walkable location near campus, Mill Ave, and Tempe Town Lake!
Presented By: Venture REI, LLC; 480-409-9000
Interior Features for 1234 S FARMER Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Concrete
Heating Y/NYes
General for 1234 S FARMER Avenue
Additional Parcels Y/NYes
Attached Garage No
Cap Rate4.1
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Ceiling Fan(s), Window/Wall Unit, Electric
CountyMaricopa
DirectionsWest on 13th St / Right on Farmer. Home is on the corner of 13th and Farmer.
DisclosuresNone
ElectricSRP
Elementary SchoolHoldeman Elementary School
Elementary School DistrictTempe School District
Garage Y/NNo
Gross Income45600.0
HeatingElectric
High SchoolTempe High School
High School DistrictTempe Union High School District
Insurance Expense2117.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1525.0
Middle/Junior High SchoolGeneva Epps Mosley Middle School
MobileHomeRemainsYNNo
Net Operating Income38906.8
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces3.0
Operating Expense6692.66
OwnerPaysNone
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSTATE COLLEGE HOMES LOTS 41-48
Tax Annual Amount1979.0
Tax Lot7
Tax Year2024
Township1N
Year Built1950
ZoningR3
Exterior for 1234 S FARMER Avenue
Covered Spaces3.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions100 x 70
Number of Buildings1
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Geneva Epps Mosley Middle School
Elementary School
Holdeman Elementary School
High School
Tempe High School
