$1,000,000
Original price: $1,035,000
8 Beds
4 Baths
2,576 sqft
1224 S SMITH Road, Tempe, AZ 85281
Est. Mortgage $5,761/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1963
$388/sqft
4 Open Spaces
Local Information
- Map ViewExplore the area around 1224 S SMITH Road.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
Last check for updates: about 5 hours ago
Listing courtesy of Eugene E Parker, (480) 223-2490
Apex Residential
Jamar Taylor, (305) 509-3005
Apex Residential
Source: ARMLS, MLS#6974014
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Home Details for 1224 S SMITH Road
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Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 2576 Square Feet |
Appliances & Utilities Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/DryerDishwasherDisposalMicrowaveRefrigerator |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Ceiling Fan(s),ElectricHas HeatingHeating Fuel: Electric |
Gas & Electric Electric: SRPHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Tile, Ceramic Tile |
Levels, Entrance, & Accessibility Floors: Tile, Ceramic Tile |
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Exterior Home Features Roof: Foam |
Parking & Garage Open Parking Spaces: 4No CarportNo GarageHas Open ParkingParking Spaces: 4Parking: >1 Space Per Unit |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 213Days on Market: 180+ |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Brick Veneer, Painted, Block |
Property Information Parcel Number: 13267062L |
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Price List Price: $1,000,000Price Per Sqft: $388 |
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MLS Status: Active |
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Direction & Address City: Tempe |
School Information High School: McClintock High SchoolHigh School District: Tempe Union High School District |
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Listing Agent Listing ID: 6974014 |
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Building Area Building Area: 2576 Square Feet |
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Community Features: No Pool |
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Lot Area: 7236 sqft |
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Listing Terms: Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Owner Pays: Water, Sewer |
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Mls Number: 6974014 |
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No Pool |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Alegre Community
Market trends in Tempe
Last updated August 2026
Avg. sale price
$461K
$1.5KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$0MoM
Available listings
593
22MoM
Home Value
Trulia Estimate
$955KSince last month
Increased$19K (+2.1%)Since last year
Increased$166K (+21%)Since last sale
Increased$250K (+35.5%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +217% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $955K |
| August 2026 | $936K |
| July 2026 | $968K |
| June 2026 | $970K |
| May 2026 | $999K |
| April 2026 | $1M |
| March 2026 | $1.01M |
| February 2026 | $1.02M |
| January 2026 | $1.04M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.73 | Multi-Family Home | $650,000 | 01/22/26 | 4 | 4 | 2,596 | |
2.10 | Multi-Family Home | $1,125,000 | 07/03/26 | 9 | 5 | 3,290 | |
2.29 | Multi-Family Home | $460,000 | 01/09/26 | 5 | 3 | 2,470 | |
2.16 | Multi-Family Home | $425,000 | 03/13/26 | 4 | 2 | 1,700 | |
2.74 | Multi-Family Home | $650,000 | 02/23/26 | 5 | 3 | 2,106 | |
2.36 | Multi-Family Home | $1,250,000 | 09/30/25 | 11 | 2 | 5,775 | |
2.19 | Multi-Family Home | $527,000 | 02/05/26 | 5 | 3 | 2,172 | |
2.52 | Multi-Family Home | $590,000 | 06/08/26 | 7 | 3 | 3,228 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.09 | $699,800 | 5 | 4 | 2,700 | Off Market | |
0.07 | - | 8 | 2 | - | Off Market | |
0.08 | $345,000 | 3 | 1 | 896 | Recently Sold | |
0.10 | $399,700 | 4 | 2 | 1,550 | Off Market | |
0.11 | - | - | - | - | Off Market | |
0.11 | $399,900 | 4 | 2 | 1,200 | Off Market | |
0.13 | $447,900 | 3 | 3 | 1,280 | Off Market | |
0.12 | $924,400 | 8 | 4 | 2,800 | Off Market | |
0.16 | $342,400 | 2 | 1 | 1,034 | Off Market | |
0.15 | $411,100 | 3 | 2 | 1,202 | Off Market | |
0.16 | - | - | - | - | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 25, 2026 Source: ARMLS #6974014 | PriceChange | $1,000,000 Price decreased by 3% |
Jun 8, 2026 Source: ARMLS #6974014 | PriceChange | $1,035,000 Price decreased by 4% |
Jan 24, 2026 Source: ARMLS #6974014 | Listed For Sale | $1,075,000 |
Dec 13, 2023 Source: ARMLS #6391061 | ListingRemoved | |
Jun 28, 2022 Source: ARMLS #6391061 | ListingRemoved | $1,050,000 |
Apr 29, 2022 Source: ARMLS #6391061 | Listed For Sale | $1,050,000 |
Oct 14, 2020 Source: ARMLS #6066566 | Sold | $705,000 |
Apr 29, 2020 Source: Agent Provided | PriceChange | $719,000 Price decreased by 0% |
Mar 20, 2020 Source: Agent Provided | Listed For Sale | $722,000 |
Jan 6, 2020 Source: Agent Provided | ListingRemoved | $1,095 |
Dec 22, 2019 Source: Agent Provided | PriceChange | $1,095 Price decreased by 8% |
Nov 26, 2019 Source: Agent Provided | PriceChange | $1,195 Price decreased by 4% |
Nov 5, 2019 Source: Agent Provided | Listed For Rent | $1,250 |
Nov 5, 2018 Source: Agent Provided | ListingRemoved | $1,050 |
Nov 3, 2018 Source: Agent Provided | Listed For Rent | $1,050 |
Mar 30, 2018 Source: ARMLS #5705725 | Sold | $365,000 |
Mar 21, 2018 Source: Agent Provided | Pending | $385,000 |
Feb 14, 2018 Source: Agent Provided | PriceChange | $385,000 Price decreased by 3% |
Jan 8, 2018 Source: Agent Provided | Listed For Sale | $395,000 |
Oct 16, 2017 Source: Agent Provided | ListingRemoved | $700 |
Oct 7, 2017 Source: Agent Provided | Listed For Rent | $700 |
Sep 16, 2016 Source: Agent Provided | ListingRemoved | $650 |
Aug 26, 2016 Source: N/A | Sold | $300,000 |
Apr 6, 2016 Source: Agent Provided | ListingRemoved | $595 |
Mar 12, 2015 Source: Agent Provided | ListingRemoved | $575 |
Mar 2, 2015 Source: Agent Provided | Listed For Rent | $575 |
Jun 13, 2013 Source: N/A | Sold | $278,049 |
Feb 3, 2004 Source: N/A | Sold | $192,000 |
Feb 28, 2001 Source: N/A | Sold | $140,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,687 | $690,100 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Eugene E Parker, Apex Residential
Agent Phone: (480) 223-2490
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Frequently asked questions about 1224 S SMITH Road
- What is the estimated monthly payment for 1224 S SMITH Road?Based on a $1,000,000 list price with 20% down at today's rates, the estimated monthly payment for 1224 S SMITH Road in Tempe, AZ is approximately $5,877 (about $5,460 principal & interest, $342 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1224 S SMITH Road compare to homes in Tempe?1224 S SMITH Road in Tempe, AZ is listed at $1,000,000, about 117% above the $461K median sale price in Tempe.
- What are the closest schools to 1224 S SMITH Road?The closest schools to 1224 S SMITH Road in Tempe, AZ are Connolly Middle School (rated 3/10), McClintock High School (rated 8/10), Thew Elementary School (Pre-K, rated 4/10).
- What is 1224 S SMITH Road estimated to be worth?Trulia's estimated value for 1224 S SMITH Road in Tempe, AZ is $955,300.
- Does 1224 S SMITH Road have air conditioning?Yes, 1224 S SMITH Road in Tempe, AZ has air conditioning.
- Does 1224 S SMITH Road have laundry facilities?Yes, 1224 S SMITH Road in Tempe, AZ has laundry facilities.
1224 S SMITH Road, Tempe, AZ 85281 is a 8 bedroom, 4 bathroom, 2,576 sqft multi-family built in 1963. 1224 S SMITH Road is located in Alegre Community, Tempe. This property is currently available for sale and was listed by ARMLS on Jan 24, 2026. The MLS # for this home is MLS# 6974014.