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

1015 S Farmer Avenue 5, Tempe, AZ 85281

New Listing
$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
Lot #
5
Assessor's Map #
70
Assessor's Parcel #
1
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
318900
Taxes
2033.6
Tax District
031600

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

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
425000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes
Residential Acreage
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Single Family
Yes
Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Current Density

16 - 20 Units P/Acre
Yes

Development Status

Raw Land
Yes

Land Features

Curb(s) & Gutter(s)
Yes
Sidewalk(s)
Yes

View

City
Yes

Land Configuration

Square Rectangular
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

Domestic Well
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

None
Yes

Distance to Cable

Under 350 Feet
Yes

New Financing

Cash
Yes
Conventional
Yes
Seller Approve Terms
Yes
Owner May Carry
Yes

Distance to Phone

Under 350 Feet
Yes

Distance to Water

Under 350 Feet
Yes

Distance to Electric

Under 350 Feet
Yes

Distance to Gas

Under 350 Feet
Yes

Distance to Sewer

Under 350 Feet
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Last Updated: July - 07 - 2026
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