$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: January - 24 - 2026
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