914 S Farmer Avenue, Tempe, AZ 85281 (MLS# 7034154)

914 S Farmer Avenue, Tempe, AZ 85281

$590,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 590 Lot Size (sq. ft.): 10,000 Status: Active

Current Price: $590,000 List Date: 6/01/2026 Last Modified: 8/11/2026

Overview

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.

Listing Details MLS# 7034154

Location, Tax & Legal

House Number: 914
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6053
Country: US
County Code: Maricopa
Assessor Number: 124-69-083
Subdivision: GOODWIN HOMES
Tax Year: 2025

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 2
Full Bathrooms: Yes
Total Bathrooms: Yes
Approx SQFT: 590
Price/SqFt: 1000
Horses: N
Builder Name: Unknown
Year Built: 1945
Lead Based Hazard Disclosure: No
Approx Lot SqFt: 10000
Approx Lot Acres: 0.23
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Connolly Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Farmer Ave & 9th Street

Legal Info

Township: 1N
Range: 4E
Section: 21
Block: 6
Lot Number: 13

Basement

Basement Y/N: N

More Information

Parking Spaces

Slab Parking Spaces: 3

Showing Notification Methods

Showing Service: Aligned Showings

DPR Eligible

DPR Eligible: Yes

Property Features

Special Listing Cond: N/A Master Bathroom: None Spa: None Community Features: Biking/Walking Path; Near Bus Stop; Near Light Rail Stop Dining Area: Eat-in Kitchen Kitchen Features: Gas Oven; Gas Range; Built-in Microwave; Refrigerator Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer Construction: Wood Frame Const - Finish: Painted Roofing: Composition Cooling: Central Air; Evaporative Cooling Heating: Electric Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Wood; Chain Link Landscaping: Dirt Back; Grass Front Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Possession: Subject To Tenant Rights Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Century 21 Arizona Foothills

Last Updated: August - 11 - 2026