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Courtesy of Century 21 Arizona Foothills, Jessica Kreuser Listing Contact: 480-236-0432 
2 Beds
1 Bath
590 sqft

$590,000

914 S Farmer Avenue, Tempe AZ, 85281

Price per sqft$1,000.00
Built in1945
Property size590 sqft
Property typeResidential

Overview

Active

Listed Jun 1, 2026

Updated Aug 12

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.

$3,925/mo

Est. mortgage payment based on a $590,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7034154

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$1,270
Tax Frequency
Annually

Courtesy of Century 21 Arizona Foothills, Jessica Kreuser

Listing Contact: 480-236-0432 

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Data Last Updated: 3:26 AM UTC, 8/12/2026.

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