Active
8 beds4 baths
1224 S Smith Rd, Tempe, AZ 85281
Est: $5,224/moGet pre-approved
Multi FamilyProperty Type
7,236 sq ftLot Size
1963Year Built
4 carsParking Spaces

Description

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...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.
231 days on Market
  • Listed by: Eugene E Parker 480.223.2490 eugeneeparker@gmail.com Brokerage DRE #LC719601000 • Apex Residential
  • Listed by: Jamar Taylor 305.509.3005 jamar@apexre.io Brokerage DRE #LC719601000 • Apex Residential
Last updated: 08/25/2026 03:18 PM • Source: ARMLS, MLS#: 6974014

Location

Listing Courtesy of Apex Residential
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Payment Calculator

$5,224 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,083

Property Taxes

$141

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1224 South Smith Road

Property Details
  • Taxes: $1,694 / year
  • MLS Type: Multiple Dwellings
  • View YN: No
  • Zoning: MF
Building Information
  • Residences: 4
  • Year Built: 1963
  • Lot Size: 0.17 AC / 7,236 SF
Summary
Location and General Information
  • Unparsed Address: 1224 S SMITH Road, Tempe, AZ 85281
  • City: Tempe
  • Coordinates: -111.900734, 33.41597
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: 101 Freeway & Apache Blvd
  • Directions: From 101 Freeway: Head West onto E Apache BLVD. Turn Left South) onto S Smith Rd. Unit on West side of Street.
  • Latitude: 33.41597
  • Longitude: -111.900734
  • Postal City: Tempe
  • Postal Code: 85281
  • Postal Code Plus4: 4547
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 1,963
Taxes and HOA
  • Tax Annual Amount: $1,694.00
  • Tax Book Number: 132.00
  • Tax Legal Description: N2 S 134F OF N 331F OF FOL DESC PROP BEG AT PT 52 8F E OF SW COR SE4 SE4 NW4 TH E 108F TH NLY TO PT
  • Tax Lot: 0
  • Tax Parcel Letter: L
  • Tax Year: 2,025
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 4
  • Open Parking YN: Yes
  • Parking Features: >1 Space Per Unit
  • Parking Total: 4
School Information
  • High School: McClintock High School
  • High School District: Tempe Union High School District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 67 x 108
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 01-24-2026 04:17:22 PM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 13267062L
  • Property Type: Multiple Dwellings
  • Public Survey Range: 4E
  • Public Survey Section: 24
  • Public Survey Township: 1N
  • Road Surface Type: Asphalt
Utilities
  • Electric: SRP
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Brick Veneer, Painted, Block
  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Roof: Foam
Interior Features
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Cooling: Ceiling Fan(s), Electric
  • Cooling YN: Yes
  • Flooring: Tile, Ceramic Tile
  • Heating: Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Net Operating Income: $.00
  • Operating Expense: $1,694.00
  • Professional Management Expense: $.00

Property History for 1224 South Smith Road

DateEvent & SourcePriceAppreciation
Aug 25, 2026

Price Change

ARMLS #6974014

$1,000,000—
Jun 7, 2026

Price Change

ARMLS #6974014

$1,035,000—
Jan 16, 2026

Listed (Active)

ARMLS #6974014

$1,075,000—
DateEvent & SourcePrice
08/25/2026

Price Change

ARMLS #6974014

$1,000,000
06/07/2026

Price Change

ARMLS #6974014

$1,035,000
01/16/2026

Listed (Active)

ARMLS #6974014

$1,075,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1224 South Smith Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,694 ($141 / month)
Home Facts
Total Finished SqFt2,576 SqFtAbove Grade Finished SqFt2,576 SqFtStories1Lot Size7,187 SqFtStyleQuadraplexYear Built1963Year Renovated1963ZoningC-GCountyMARICOPAAPN132-67-062-L

Schools near 1224 South Smith Road

This home is within Tempe Union High School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Thew Elementary School
PublicPK to 5

Connolly Middle School
Public6 to 8

McClintock High School
Public9 to 12

Meyer Montessori
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1224 South Smith Road is a multi-family home for sale in Tempe, AZ 85281. This property was listed for sale on January 16, 2026 by Apex Residential, it's currently listed at $1,000,000. It has been on the market for a total of 231 days and was last sold on October 14, 2020. This listing's school districts are Tempe Union High School District, Tempe School District. Nearby schools include Thew Elementary School, Connolly Middle School and McClintock High School. 1224 South Smith Road is a 8-bed, 4-bath multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apex Residential

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.