508 S FARMER Avenue, Tempe, AZ 85281
$1,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,400,000
Last Modified:
4/03/2026
Overview
Description
Listing Details MLS# 6978065
Location, Tax & Legal
- House Number
- 508
- Compass
- S
- Street Name
- FARMER
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 2770
- County Code
- Maricopa
- Subdivision
- ORTH SUB
- Assessor Number
- 124-33-002-A
- Tax Year
- 2024
- Assessor's Map #
- 33
- Legal Description (Abbrev)
- ORTH SUB S2 LOTS 1 & 2 BLK 1
- Assessor's Parcel #
- 2
- Assessor Parcel Ltr
- A
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Census Tract
- 318800
- Taxes
- 3659
- Legal
- ORTH SUB S2 LOTS 1 & 2 BLK 1
- Marketing Name
- 5TH AND FARMER
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 167.5 X 100
- Year Built
- 1960
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 8
- # of Buildings
- 2
- Zoning
- R3
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- 5TH ST AND FARMER
- Directions
- THE PROPERTY OCCUPIES 2 LOTS ON THE SOUTH WEST CORNER OF 5TH ST & FARMER IN TEMPE.
Status Change Info
- Off Market Date
- 2026-04-03
- Under Contract Date
- 2026-03-29
- Close of Escrow Date
- 2026-04-02
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 16
- Lot Number
- Yes
More Information
Income Expenses
- Net Operating Income
- 70576
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Text
- Yes
- Phone Call
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 915
- Avg SqFt
- 550
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Built-Up
- Yes
Floors
- Other
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 3659
- Other Income
- 0
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Cap Rate
- 4.28
- Equity
- 1649500
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- See Private Remarks
- Yes
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- Heat Pump
- Yes
- Individual
- Yes
Exterior Amenities
- Cable TV Available
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
Appliances Included
- Free-Standing Gas Oven
- Yes
- Refrigerator
- Yes
Road Surface Type
- Concrete
- Yes
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Detached Carport
- Yes
- Add'l Parking Avail
- Yes
- Off Street
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
- Other (See Remarks)
- Yes
Owner Pays
- Other
- Yes
New Financing
- Cash
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Built-Up
Floors:
Other
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Cable TV Available
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Free-Standing Gas Oven; Refrigerator
Heating:
Heat Pump
Cooling:
Ceiling Fan(s); Electric; Heat Pump; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
APS; Individual Meter
Gas:
SW Gas; Individual Meter; Other (See Remarks)
Parking Features:
Detached Carport; Add'l Parking Avail; Off Street
Road Surface Type:
Gravel; Concrete
Owner Pays:
Other
Tenant Pays:
Water; Sewer; Gas; Trash Collection; Landscaping
Source of Fincl Data:
Owner
Showing Notification Methods:
Text; Phone Call
Lockbox Type:
See Private Remarks
Existing 1st Loan:
Treat as Free&Clear
New Financing:
Cash; Owner May Carry
Environmental:
None
Documents
Income & Expense statement ›
Listing Office:
HomeSmart
Last Updated: April - 03 - 2026
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