$1,075,000

1224 S SMITH Road, Tempe, AZ 85281

Multi-Family Home
Built in 1963
—— sqft lot
—— car garage
$——/sqft
Listed 17 days ago

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.

Listing Status:: Active
Date Added:: January 16, 2026
Data Last Updated:: February 11, 2026 at 12:09PM
Listing Office:: Apex Residential : 602-290-4663
Listing Agent:: Eugene E Parker : 480-223-2490
MLS ID:: 6974014

Flooring: Ceramic Tile
A/C: Ceiling Fan(s)Electric
Heating: Electric

Parking: >1 Space Per UnitParking spaces: 4

Roofing: Foam
General: Brick VeneerPaintedBlock

Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Tempe Union High School District
County: Maricopa

Zoning: MF13267062L

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Eugene E Parker , Apex Residential

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Thew Elementary School

2130 E Howe Ave, Tempe, AZ, 85281

Grades KG-5

0.32 miles away

Connolly Middle School

2002 E Concorda Dr, Tempe, AZ, 85282

Grades 6-8

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.