Looking to start the year off with a great investment opportunity or to house hack in one of the city's strongest rental markets? Look no further than 1224 S Smith Rd. This well-located 4-plex sits in a high-demand rental corridor minutes from ASU, light rail, downtown Tempe, major freeways, and employment hubs. Surrounded by major education, transportation, and lifestyle anchors that drive consistent tenant demand year-round. With strong tenant demand, low vacancy risk, and value-add upside through rental optimization makes this a rare opportunity in one of Tempe's most desirable investment locations.
For sale
$1,075,000
1224 S Smith Rd, Tempe, AZ 85281
8beds
1baths
2,576sqft
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$417/sqft
$-- HOA
What's special
- 9 days |
- 10 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: January 24, 2026 at 08:18am
Listed by:
Eugene E Parker 480-223-2490,
Apex Residential
Source: ARMLS,MLS#: 6974014
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1
Heating
- Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
Property
Parking
- Total spaces: 4
- Parking features: >1 Space Per Unit
- Uncovered spaces: 4
Lot
- Size: 7,236 Square Feet
- Dimensions: 67 x 108
Details
- Parcel number: 13267062L
- Zoning: MF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Painted, Block
- Roof: Foam
Condition
- Year built: 1963
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $417/sqft
- Tax assessed value: $690,100
- Annual tax amount: $1,694
- Date on market: 1/16/2026
- Listing terms: Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2026 | Listed for sale | $1,075,000+2.4%$417/sqft |
Source:  ARMLS #6974014 Report a problem | ||
| 12/13/2023 | Listing removed | -- |
Source: ARMLS #6391061 Report a problem | ||
| 6/28/2022 | Listing removed | $1,050,000$408/sqft |
Source: ARMLS #6391061 Report a problem | ||
| 4/29/2022 | Listed for sale | $1,050,000+48.9%$408/sqft |
Source: ARMLS #6391061 Report a problem | ||
| 10/14/2020 | Sold | $705,000-1.9%$274/sqft |
Source: ARMLS #6066566 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,687 +7% | $69,010 -4.4% |
| 2024 | $1,577 +1.2% | $72,210 +463.2% |
| 2023 | $1,558 +3.8% | $12,822 -72.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,085/mo
Principal & interest
$5342
Home insurance
$376
Property taxes
$367
Climate risks
Neighborhood: Alegre Community
Nearby schools
GreatSchools rating
- 5/10Thew Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Connolly Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10McClintock High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- High: McClintock High School
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
