914 S Farmer Avenue, Tempe, AZ 85281
GOODWIN HOMES · Maricopa County
Key Facts
Listing Courtesy: Century 21 Arizona Foothills - 4808892151
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1945
Stories
1
Living Area
590 sq ft
Lot Size
0.23 acres
Parking Spaces
3
Listing #
7034154
Property Features
Interior
Appliances
Cooling
Heating
Fencing
Construction
Roof
Community
Sewer
Water Source
Schools
- Elementary:
- Scales Technology Academy
- Middle:
- Connolly Middle School
- High:
- Tempe High School
Financial Details
HOA
None
Annual Taxes
$1,270
Tax year 2025
Parcel Number
124-69-083
Affordability Calculator
$118,000
Estimated monthly payment
$3,140/mo
Principal $472,000 · Est. interest $658,482 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Tempe, AZ
- $473,125
- Median Listing Price
- 56
- Median Days on Market
- 1,464
- Median Sq Ft
- $311
- Median Price / Sq Ft
- 459
- Active Listings
- This home’s price is 25% above the area median.
- Its price per sq ft is 222% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Tempe, AZ.
Location
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Points of Interest in Tempe, AZ
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| 2401 E RIO SALADO Parkway 1152, Tempe, AZ | $425,000 | 3 | 3 | 1,399 |
Moving Cost Estimate
EXIT Agents in Tempe
Last Updated: 2026-05-27