1224 S Smith Rd Tempe, AZ 85281
Apache NeighborhoodEstimated payment $5,729/month
Highlights
- Cooling Available
- 2-minute walk to Smith-Martin/Apache Blvd
- 4-minute walk to Alegre Park
- Ceramic Tile Flooring
- Heating Available
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,694
Year Built
- Built in 1963
Home Design
- Brick Exterior Construction
- Foam Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Schools
- Mcclintock High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer
- Assessor Parcel Number 132-67-062-L
Community Details
Overview
- 4 Units
- Building Dimensions are 67 x 108
Building Details
- Operating Expense $1,694
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,694 | $14,136 | -- | -- |
| 2024 | $1,564 | $13,463 | -- | -- |
| 2023 | $1,564 | $66,680 | $13,330 | $53,350 |
| 2022 | $1,501 | $46,300 | $9,260 | $37,040 |
| 2021 | $1,511 | $38,720 | $7,740 | $30,980 |
| 2020 | $1,465 | $33,760 | $6,750 | $27,010 |
| 2019 | $1,437 | $27,780 | $5,550 | $22,230 |
| 2018 | $1,402 | $26,250 | $5,250 | $21,000 |
| 2017 | $1,360 | $22,780 | $4,550 | $18,230 |
| 2016 | $1,350 | $21,270 | $4,250 | $17,020 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $1,075,000 | +52.5% | -- | |
| 10/14/2020 10/14/20 | Sold | $705,000 | -1.9% | $274 / Sq Ft | View Prior Sale |
| 10/10/2020 10/10/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft | |
| 10/10/2020 10/10/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/29/2020 09/29/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/29/2020 09/29/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/24/2020 09/24/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/24/2020 09/24/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/17/2020 09/17/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft | |
| 09/17/2020 09/17/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft | |
| 08/27/2020 08/27/20 | For Sale | $719,000 | 0.0% | $279 / Sq Ft | |
| 08/27/2020 08/27/20 | Price Changed | $719,000 | 0.0% | $279 / Sq Ft | |
| 04/29/2020 04/29/20 | Price Changed | $719,000 | -0.4% | $279 / Sq Ft | |
| 04/15/2020 04/15/20 | For Sale | $722,000 | +97.8% | $280 / Sq Ft | |
| 03/30/2018 03/30/18 | Sold | $365,000 | -5.2% | $142 / Sq Ft | View Prior Sale |
| 02/21/2018 02/21/18 | Pending | -- | -- | -- | |
| 02/13/2018 02/13/18 | Price Changed | $385,000 | -2.5% | $149 / Sq Ft | |
| 01/07/2018 01/07/18 | For Sale | $395,000 | +27.4% | $153 / Sq Ft | |
| 08/17/2016 08/17/16 | Sold | $310,000 | +3.7% | $120 / Sq Ft | View Prior Sale |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- | |
| 07/08/2016 07/08/16 | For Sale | $299,000 | -- | $116 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $705,000 | American Title Svc Agcy Llc | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $367,500 | Wfg National Title Insurance | |
| Warranty Deed | -- | Empire West Title Agency | |
| Interfamily Deed Transfer | -- | Empire West Title Agency | |
| Warranty Deed | $300,000 | Empire West Title Agency | |
| Quit Claim Deed | $183,751 | None Available | |
| Trustee Deed | $278,049 | First American Title | |
| Interfamily Deed Transfer | -- | Transcontinental Title Co | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $192,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Warranty Deed | $140,000 | Transnation Title Insurance | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $510,400 | Purchase Money Mortgage | |
| Previous Owner | $275,625 | New Conventional | |
| Previous Owner | $213,750 | New Conventional | |
| Previous Owner | $255,500 | New Conventional | |
| Previous Owner | $153,600 | Purchase Money Mortgage | |
| Previous Owner | $112,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6974014
APN: 132-67-062L
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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