914 S Farmer Avenue, Tempe, AZ 85281

$590,000
2
BD
1
BA
590
SqFt

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List Price
$590,000
Price Change
▼ $10,000 1783822969
Days on Market
61
Status
ACTIVE
MLS#
7034154
City
Tempe
Bedrooms
2
Bathrooms
1
Living SQFT
590
Lot Size
10,000
Subdivision
Goodwin Homes
Year Built
1945
Type
Single Family Residence

Property Description

Prime Development Opportunity in Tempe - 915 S Wilson St. is being sold in conjunction with 914 S. Farmer Ave. Two 10,000 sq ft lots, back-to-back, priced to move at $1,200,000. These sites present a rare chance to develop a significant project in a prime infill location. Zoned R-3 for multi-family residential development, these parcels offer outstanding potential for investors and builders looking to capitalize on strong demand for housing very near Arizona State University, downtown Tempe, and major employment centers. Architectural plans are available for nine townhomes across the combined parcels. This is a true development play in a high-demand market, perfect for those seeking scale and strong returns in Tempe's evolving urban core. Each lot has a home that is currently leased.

Additional Information

Elementary School
Scales Technology Academy
High School
Tempe High School
Middle School
Connolly Middle School
Acres
0.23
Assoc Fee Includes
No Fees
Builder Name
Unknown
Community Features
Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
Construction
Wood Frame, Painted
Cooling
Central Air, Evaporative Cooling
Fencing
Wood, Chain Link
Heating
Electric
Living Area
590
Lot Size
10,000
New Financing
Cash
Lot Features
Dirt Back, Grass Front
Roofing
Composition
Spa
None
Stories
1
Subdivision
Goodwin Homes
Taxes
$1,269
Tax Year
2025
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Century 21 Arizona Foothills.

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