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 Road, Tempe, AZ 85281
8beds
1baths
2,576sqft
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$417/sqft
$-- HOA
What's special
- 47 days |
- 265 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: January 25, 2026 at 11:00am
Listed by:
Eugene E Parker 480-223-2490,
Apex Residential,
Jamar Taylor 305-509-3005,
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
- Cumulative days on market: 39 days
- 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 | ||
| 4/29/2020 | Price change | $719,000-0.4%$279/sqft |
Source: Equity Arizona Real Estate #6066566 Report a problem | ||
| 3/20/2020 | Listed for sale | $722,000+97.8%$280/sqft |
Source: DPR Realty LLC #6066566 Report a problem | ||
| 1/6/2020 | Listing removed | $1,095 |
Source: Go Section8 Report a problem | ||
| 12/22/2019 | Price change | $1,095-8.4% |
Source: Go Section8 Report a problem | ||
| 11/26/2019 | Price change | $1,195-4.4% |
Source: Go Section8 Report a problem | ||
| 11/5/2019 | Listed for rent | $1,250+19% |
Source: Go Section8 Report a problem | ||
| 11/5/2018 | Listing removed | $1,050 |
Source: Go Section8 Report a problem | ||
| 11/3/2018 | Listed for rent | $1,050+50% |
Source: Go Section8 Report a problem | ||
| 3/30/2018 | Sold | $365,000-5.2%$142/sqft |
Source: ARMLS #5705725 Report a problem | ||
| 3/21/2018 | Pending sale | $385,000$149/sqft |
Source: CENTURY 21 Platinum Real Estate #5705725 Report a problem | ||
| 2/14/2018 | Price change | $385,000-2.5%$149/sqft |
Source: CENTURY 21 Platinum Real Estate #5705725 Report a problem | ||
| 1/8/2018 | Listed for sale | $395,000+31.7%$153/sqft |
Source: Century 21-Platinum Real Estate #5705725 Report a problem | ||
| 10/16/2017 | Listing removed | $700 |
Source: Zillow Rental Manager Report a problem | ||
| 10/7/2017 | Listed for rent | $700+7.7% |
Source: Zillow Rental Manager Report a problem | ||
| 9/16/2016 | Listing removed | $650+9.2% |
Source: Zillow Rental Manager Report a problem | ||
| 8/26/2016 | Sold | $300,000+13.2%$116/sqft |
Source: Public Record Report a problem | ||
| 4/6/2016 | Listing removed | $595+3.5% |
Source: Imperial Residential Holdings Report a problem | ||
| 3/12/2015 | Listing removed | $575 |
Source: Imperial Residential Holdings Report a problem | ||
| 3/2/2015 | Listed for rent | $575 |
Source: Imperial Residential Holdings Report a problem | ||
| 11/13/2014 | Listing removed | $265,000$103/sqft |
Source: Caliber Realty #5148709 Report a problem | ||
| 10/4/2014 | Listed for sale | $265,000-4.7%$103/sqft |
Source: Caliber Realty #5148709 Report a problem | ||
| 6/13/2013 | Sold | $278,049+44.8%$108/sqft |
Source: Public Record Report a problem | ||
| 2/3/2004 | Sold | $192,000+37.1%$75/sqft |
Source: Public Record Report a problem | ||
| 2/28/2001 | Sold | $140,000$54/sqft |
Source: Public Record 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% |
| 2022 | $1,501 +2.4% | $46,300 +19.6% |
| 2021 | $1,465 +1.9% | $38,720 +14.7% |
| 2020 | $1,437 +2.6% | $33,760 +21.5% |
| 2019 | $1,402 | $27,780 +5.8% |
| 2018 | $1,402 +3.1% | $26,250 +15.2% |
| 2017 | $1,360 +4.9% | $22,780 +7.1% |
| 2016 | $1,297 -6.2% | $21,270 +34.6% |
| 2015 | $1,382 | $15,800 +48.8% |
| 2014 | -- | $10,620 +42% |
| 2013 | -- | $7,480 -19% |
| 2012 | -- | $9,230 -14.6% |
| 2011 | -- | $10,810 -19.4% |
| 2010 | -- | $13,420 -34.1% |
| 2009 | -- | $20,370 -6.6% |
| 2008 | -- | $21,810 +112.8% |
| 2004 | -- | $10,250 |
| 2003 | -- | $10,250 +3.5% |
| 2002 | -- | $9,900 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,719/mo
Principal & interest
$5352
Property taxes
$367
Climate risks
Neighborhood: Alegre Community
Getting around
53 / 100
Good TransitNearby schools
GreatSchools rating
- 4/10Thew Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Connolly 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.
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