MLS# 7050834 – 1015 S Farmer Avenue Unit 5, Tempe, AZ 85281

$425,000 - Br/Ba - for Sale in Farmers Addition Blocks 1-2 Part 3 Lots 1-5, Tempe

Price: $425,000

Lot Size Acres: 0.16

Lot Size SqFt: 7,125

Status: Active

Property Type: Land

Days on Website: 10

Courtesy of Levrose Real Estate

Property 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.

Open House

Property Details and Features

Building
Other structures: “None”

Listing
Listing ID: 7050834
Standard status: Active
10 days on market

Location
Subdivision name: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5

Lot
0.16 acres
7,125 sqft

Property
View: “City”
Zoning: R-3

Schools
High school district: Tempe Union High School District

Sewer
“Public Sewer”

Taxes
Annual amount: $2,034
Lot: 5

Utilities
“SRP”

Property Map

$425,000 – 1015 S Farmer Avenue Unit 5, Tempe, AZ 85281

Street View

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Nearby Schools

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This content last updated on July 17, 2026 5:13PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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