$1,075,000
Tempe, AZ 85281
MLS# 6974014
1 / 19
Property 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 rental optimization makes this a rare opportunity in one of Tempe's most desirable investment locations.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,075,000
List Price: $1,075,000
Status: Active
List Date: 2026-01-16
Location, Tax & Legal
Assessor's Map #: 67
Legal Description (Abbrev): 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
Assessor's Parcel #: 62
Assessor Parcel Ltr: L
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 1694
Legal: 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
Marketing Name: Smith Rd
House Number: 1224
Compass: S
Street Name: SMITH
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4547
County Code: Maricopa
Assessor Number: 132-67-062-L
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 67 x 108
Total # of Units: 4
High School District: Tempe Union High School District
High School: McClintock High School
Year Built: 1963
Zoning: MF
Legal Info
Range: 4E
Section: 24
Township: 1N
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Foam: 1
Floors
Tile: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Gas Exp: 0
Annual Land Lse Exp: 0
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 1694
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 1075000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 0
Avg SqFt: 644
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
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.
Geo Lat: 33.41597
Geo Lon: -111.900734
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Foam
Floors: Tile; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Apex Residential
Last Updated: April - 19 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.