1015 S Farmer Avenue 5, Tempe, AZ 85281 (MLS# 7050834)

1015 S Farmer Avenue 5, Tempe, AZ 85281

$425,000

Property Type: Land Lot Size (sq. ft.): 7,125 Status: Active

Current Price: $425,000 List Date: 7/07/2026 Last Modified: 7/07/2026

Overview

Description

This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.

Listing Details MLS# 7050834

Location, Tax & Legal

House Number: 1015
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6572
Country: US
County Code: Maricopa
Assessor Number: 124-70-001-A
Subdivision: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Tax Year: 225

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.16
Apx Total Acres G/N: N
Price Per Acre: 2656250
# Lots in Listing: Yes
# Units Allowed: 3
Apx SqFt: 7125
Price Per SqFt: 59.65
Apx SqFt G/N: N
Lot Size Dimensions: 143' x 51'
Horses: N
Zoning: R-3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Farmer Avenue & 10th Street

Legal Info

Lot Number: 5

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Residential Acreage Zoned Presently: Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .0 - .24 Acres Current Density: 16 - 20 Units P/Acre Development Status: Raw Land Land Features: Curb(s) & Gutter(s); Sidewalk(s) Land Configuration: Square Rectangular Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Topography: Level Existing Structures: None Water Source: Domestic Well Sewer: Sewer - Public Electric: SRP Gas: SW Gas Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry Environmental: None Lockbox Type: None

Listing Office: Levrose Real Estate

Last Updated: July - 07 - 2026

1015 S Farmer Avenue 5, Tempe, AZ 85281 (MLS# 7050834)