914 S Farmer Avenue

Tempe, AZ 85281

Prime Development Opportunity in Tempe - 915 S Wilson St. is being sold in conjunction with 914 S. Farmer Ave. Seize these exceptional 10,000 sq ft lots in one of Tempe's most sought-after and rapidly growing neighborhoods. 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 near Arizona State University, downtown Tempe, and major employment centers. Priced to move at $1,200,000, these sites present a rare chance to develop a significant project in a prime infill location. 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. These homes have been consistent income producers for many years.

Listing courtesy of Century 21 Arizona Foothills.



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: 2026-06-02 05:00 AM UTC