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$1,649,500
74 Days On Site
508 S FARMER AvenueTempe, AZ 85281
For Sale|Multi Family|Pending
0
Beds
0
Total Baths
1960
Built
Subdivision:
ORTH SUB
County:
Maricopa
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PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPE'S TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.
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Listing Snapshot
Price
$1,649,500
Days On Site
74 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1960
MLS® Number
6978065
Status
Pending
Property Tax
$3,659
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Pending | |
| 2 months ago | Price changed to $1,649,500 | |
| 2 months ago | Listing first seen on site |
General Features
Cross Street
5TH ST AND FARMER
Disclosures
None
Parking
Off StreetDetached Carport
Parking Spaces
8
Property Sub Type
Multi Family
Sewer
Public Sewer
Utilities
Sewer Connected
Water Source
Public
Zoning
R3
Interior Features
Appliances
RefrigeratorFree-Standing Gas Oven
Cooling
Central AirCeiling Fan(s)ElectricHeat Pump
Flooring
Other
Heating
Heat Pump
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Exterior Features
Construction Details
Block
Roof
Built-Up
Community Features
Financing Terms Available
Owner May Carry
Roads
ConcreteGravel
School District
Tempe Union High School District
Township
1N
Schools
School District
Tempe Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-04-17 10:42 PM UTC
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-04-17 10:42 PM UTC
Neighborhood & Commute
Source: Walkscore
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