For sale

Price cut: $40K (6/8)

$1,035,000

1224 S SMITH Road, Tempe, AZ 85281

8beds

1baths

2,576sqft

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Multi Family

Built in 1963

-- sqft lot

$-- Zestimate^®

$402/sqft

$-- HOA

What's special

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.

151 days

203

5

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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: Tile, 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: $402/sqft
Tax assessed value: $690,100
Annual tax amount: $1,694
Date on market: 1/16/2026
Cumulative days on market: 144 days
Listing terms: Conventional,FHA,VA Loan
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/8/2026	Price change	$1,035,000-3.7%$402/sqft
Source: ARMLS #6974014 Report a problem
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	$265,000-4.7%$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

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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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