1224 S SMITH Road Tempe, AZ ^$ 1,075,000

1224 S SMITH Road

^$ 1,075,000

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1224 S SMITH Road

Tempe, AZ, 85281

^$ 1,075,000

Studio Baths0.0

Monthly Estimate*

^$ 6,619

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Studio

Multi-Family Home for sale in Tempe, AZ

for $1,075,000. This home was built in 1963.

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.

Multi-Family Active

Price

^$ 1,075,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,694

Style

Multiple Dwellings

Year Built

1963

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6974014

Features

General

Sewer Public Sewer

Heating Electric

Cooling Ceiling Fan(s) Electric

Roof Foam

Zoning MF

Construction Materials Brick Veneer Painted Block

Year Built 1963

Electric SRP

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 0.0

Community Features No Pool

County Maricopa

Net Operating Income 0.0

Operating Expense 1694.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

Directions From 101 Freeway: Head West onto E Apache BLVD. Turn Left South) onto S Smith Rd. Unit on West side of Street.

High School McClintock High School

City Tempe

Disclosures None

High School District Tempe Union High School District

Open Parking Spaces 4.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1694.0

Fuel Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Lot 0

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 4.0

Number of Buildings 1

Spa N

Lot Dimensions 67 x 108

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1224

* Excluded Features

List By

Apex Residential

Broker

eugeneeparker@gmail.com

Affordability Calculator

$6,760

Per Month

Monthly Principal & Interest: $6,619
Monthly Property Taxes: $141
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$1,215,868

Percent of Sale Price 13%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327087 Elementary School

4327661 Middle School

McClintock High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/24/2026	$1,075,000		Listed Price

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1224 S SMITH Road, Tempe, AZ, 85281 is a Multi-Family Home for sale at $1,075,000. 1224 S SMITH Road is a studio with 0.0 baths and was built in 1963. The property's zip code is 85281 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is 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.

Data is updated as of 1/25/2026.

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1224 S SMITH Road

Multi-Family Home for sale in Tempe, AZ

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