1224 S SMITH Road, Tempe, AZ, 85281
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Roof: Foam
- Construction materials: Brick Veneer,Painted,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Disposal,Dishwasher,Refrigerator,Microwave,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 1
Features
- Flooring: Tile,Ceramic Tile
Heating & Cooling
- Heating features: Electric
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
Property
Details
- Parcel number: 13267062L
- Zoning: MF
Lot
- Lot size: 7,236 sqft
- Lot size dimensions: 67 x 108
Parking
- Total spaces: 4
- Parking features: >1 Space Per Unit
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,233 | $62,796 |
| Home Insurance | $298 | $3,576 |
| Property Taxes | $1,856 | $22,272 |
| Electricity | $272 | $3,273 |
| Total | $7,659 | $91,908 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-24 | Listed for sale | $1,075,000 |
| 2023-12-13 | Listing removed | -- |
| 2022-06-28 | Listing removed | $1,050,000 |
| 2022-04-29 | Listed for sale | $1,050,000 |
| 2020-10-14 | Sold | $705,000 |
| 2020-04-29 | Price change | $719,000 |
| 2020-03-20 | Listed for sale | $722,000 |
| 2020-01-06 | Listing removed | $1,095 |
| 2019-12-22 | Price change | $1,095 |
| 2019-11-26 | Price change | $1,195 |
| 2019-11-05 | Listed for rent | $1,250 |
| 2018-11-05 | Listing removed | $1,050 |
| 2018-11-03 | Listed for rent | $1,050 |
| 2018-03-30 | Sold | $365,000 |
| 2018-03-21 | Pending sale | $385,000 |
| 2018-02-14 | Price change | $385,000 |
| 2018-01-08 | Listed for sale | $395,000 |
| 2017-10-16 | Listing removed | $700 |
| 2017-10-07 | Listed for rent | $700 |
| 2016-09-16 | Listing removed | $650 |
| 2016-08-26 | Sold | $300,000 |
| 2016-04-06 | Listing removed | $595 |
| 2015-03-12 | Listing removed | $575 |
| 2015-03-02 | Listed for rent | $575 |
| 2014-11-13 | Listing removed | $265,000 |
| 2014-10-04 | Listed for sale | $265,000 |
| 2013-06-13 | Sold | $278,049 |
| 2004-02-03 | Sold | $192,000 |
| 2001-02-28 | Sold | $140,000 |
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