For sale

$1,000,000

Est. $5,647/mo —

•

4 ba

•

—

sq ft

1224 S Smith Rd, 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.

Multi-familyProperty Type

1963Year Built

7,236 sq ftLot Size

4 spacesParking

Listed by Eugene Parker • Apex Residential

Listed by Jamar Taylor • Apex Residential

Listing updated: Aug 25, 2026 at 03:08pm

Redfin checked: 2 minutes ago

•Source:ARMLS #6974014

Payment calculator

$5,647 per month

Principal and interest$5,255

Property taxes

$141

HOA dues

Home insurance

$250

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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$2,300,000
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$825,000
2 beds2 baths1,888 sq ft
6826 N 83rd St, Scottsdale, AZ 85250
OPEN TODAY, 11AM TO 2PM3D WALKTHROUGH
$475,000
3 beds2 baths1,944 sq ft
2436 W Onza Ave, Mesa, AZ 85202
OPEN TODAY, 11AM TO 2PM
$1,749,999
4 beds3 baths3,232 sq ft
3401 N 25th St, Phoenix, AZ 85016
OPEN TODAY, 11:30AM TO 2:30PM
$2,200,000
4 beds3 baths3,085 sq ft
3302 N 51st St, Phoenix, AZ 85018
OPEN TODAY, 11:30AM TO 3PM
$899,000
3 beds2.5 baths2,015 sq ft
5146 N 18th St, Phoenix, AZ 85016
OPEN TODAY, 12PM TO 4PM
$14,600,000
5 beds6 baths8,047 sq ft
6441 E Cheney Dr, Paradise Valley, AZ 85253
OPEN TODAY, 12PM TO 4PM
$609,000
3 beds2 baths2,006 sq ft
1807 W Temple St, Chandler, AZ 85224
OPEN TODAY, 12PM TO 2PM
$699,000
3 beds3.5 baths2,102 sq ft
1717 E Morten Ave #45, Phoenix, AZ 85020
OPEN TODAY, 1PM TO 3PM
$359,900
2 beds2 baths1,170 sq ft
4950 N Miller Rd #102, Scottsdale, AZ 85251

Around this home

Schools

K - 12
Preschool & daycare

Thew Elementary School

Public PreK-5 • Assigned • 0.3mi

4/10

Connolly Middle School

Public 6-8 • Assigned • 0.8mi

3/10

McClintock High School

Public 9-12 • Assigned • 1.3mi

8/10

Provided by GreatSchools

About

Alegre

Alegre, located between South Priest Drive and South Hardy Drive, is a residential and suburban Tempe neighborhood with low-slung townhomes and pocket greenbelts. The neighborhood’s character concentrates around the Baseline Road and Priest Drive corridor, where traffic, storefront signage, and late-day patio chatter set the tempo. Nearby pillars include Tempe History Museum, Tempe Center for the Arts, and the ASU Gammage cultural calendar. Streets read as mid-century Tempe with block walls, desert landscaping, and shaded sidewalks. Canal paths and parks shape a walk-and-roll routine, while Mill Avenue’s dining and music scene sits a short drive away.

Provided by Walk Score and Local Logic

Market insights

1224 S Smith Rd · $1,000,000

DAYS ON MARKET

The average home goes pending in 58 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $600,000. (40% lower than this home)

PRICE DROP

16% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Free-standing range
Disposal
Dishwasher
Refrigerator
Microwave
Washer and dryer
Tile and ceramic tile flooring
Ceiling fans
Electric cooling
Electric heating

Bathrooms
4 bathrooms

Kitchen
Free-standing range
Dishwasher
Refrigerator
Microwave
Disposal

Laundry & utility
Washer and dryer included

Flooring
Tile
Ceramic tile

Heating & cooling
Electric heating
Electric cooling
Ceiling fan(s)

Sale and tax history for 1224 S Smith Rd

Sale History
Tax History

Date

Event

Price

ARMLS #6974014

Aug 25, 2026

Price Changed

$1,000,000

Jun 7, 2026

Price Changed

$1,035,000

Jan 16, 2026

Listed

$1,075,000

RENTALBEAST #2

Aug 30, 2026

Rental Removed

$1,109

Jun 16, 2026

Price Changed

$1,109

May 23, 2026

Listed for Rent

$1,149

Apr 30, 2025

Rental Removed

$1,175

Apr 19, 2025

Price Changed

$1,175

Apr 6, 2025

Price Changed

$1,199

Mar 8, 2025

Listed for Rent

$1,235

Feb 20, 2025

Rental Removed

$1,235

Feb 8, 2025

Price Changed

$1,235

Jan 25, 2025

Price Changed

$1,249

Jan 8, 2025

Price Changed

$1,275

Jan 2, 2025

Price Changed

$1,299

Dec 22, 2024

Price Changed

$1,649

Dec 4, 2024

Price Changed

$1,299

Nov 2, 2024

Listed for Rent

$1,349

Sep 22, 2024

Rental Removed

$1,349

Sep 5, 2024

Listed for Rent

$1,349

SHOWMOJO #4

May 23, 2026

Rental Removed

$1,149

May 22, 2026

Price Changed

$1,149

Apr 5, 2026

Listed for Rent

$1,125

RENTALBEAST #3

Feb 1, 2026

Rental Removed

$1,149

Jan 31, 2026

Listed for Rent

$1,149

BUILDIUM #1

Feb 25, 2024

Rental Removed

$1,199

Jan 4, 2024

Price Changed

$1,199

Dec 25, 2023

Price Changed

$1,249

Dec 12, 2023

Price Changed

$1,299

Nov 27, 2023

Price Changed

$1,349

Sep 4, 2023

Price Changed

$1,399

Sep 3, 2023

Listed for Rent

$1,499

ARMLS #6391061

Jun 27, 2022

Listing Removed

—

Apr 28, 2022

Listed

$1,050,000

ARMLS #6066566

Oct 14, 2020

Sold

$705,000

Oct 10, 2020

Listed

—

Oct 9, 2020

Sold

$705,000

Sep 29, 2020

Listed

—

Sep 28, 2020

Sold

$705,000

Sep 24, 2020

Contingent

—

Sep 24, 2020

Listed

$719,000

Sep 23, 2020

Sold

$705,000

Sep 17, 2020

Listed

—

Sep 16, 2020

Sold

$705,000

Aug 27, 2020

Listed

—

Aug 26, 2020

Sold

$705,000

Jul 8, 2020

Contingent

—

Apr 29, 2020

Price Changed

$719,000

Apr 15, 2020

Listed

$722,000

Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light rail stop. All units are 2bed/1bath. All units have new kitchen cabinets, granite counter tops. All units feature in-unit laundry, with stackable washer-dryer. Exterior of building recently painted, 3 of units interior also got painted in last one year. All 4 units gets Section 8 assistance, monthly rent from City of Tempe is usually deposited 10 days before rent is due. Extra storage at back, that can be used for Coin laundry for extra income. No showing until accepted offer. Pictures taken when units were vacant. Currently drawing $4458 total monthly rent. 2 leases are month to month, one 10/31/20 and last is 12/31/20: Rents are : $1250, $1130, $1020, $1058 Buyer to verify all information

ARMLS #6053215

Apr 15, 2020

Listing Removed

—

Mar 19, 2020

Listed

$722,000

Public Records

Mar 30, 2018

Sold

$367,500

ARMLS #5705725

Mar 30, 2018

Sold

$365,000

Mar 21, 2018

Pending

—

Mar 1, 2018

Contingent

—

Feb 13, 2018

Price Changed

$385,000

Jan 20, 2018

Relisted

—

Jan 14, 2018

Contingent

—

Jan 7, 2018

Listed

$395,000

Public Records

Aug 26, 2016

Sold

$300,000

ARMLS #5467663

Aug 17, 2016

Sold

$310,000

Jul 18, 2016

Pending

—

Jul 8, 2016

Listed

$299,000

ARMLS #5331592

Sep 29, 2015

Listing Removed

—

Sep 8, 2015

Listed

$275,000

ARMLS #5230722

Mar 30, 2015

Listing Removed

—

Mar 18, 2015

Price Changed

$273,999

Feb 2, 2015

Listed

$275,000

ARMLS #5148709

Nov 12, 2014

Listing Removed

—

Oct 3, 2014

Price Changed

$265,000

Sep 24, 2014

Relisted

—

Aug 19, 2014

Listing Removed

—

Jul 24, 2014

Listed

$275,000

ARMLS #4883392

Jun 4, 2013

Listing Removed

—

May 14, 2013

Pending

—

Apr 30, 2013

Price Changed

$169,900

Apr 30, 2013

Relisted

—

Jan 31, 2013

Listing Removed

—

Jan 31, 2013

Listed

$150,000

ARMLS #2060665

Jan 31, 2004

Sold

$192,000

Dec 4, 2003

Listing Removed

—

Nov 10, 2003

Listed

$192,000

ARMLS #1941398

Jun 27, 2003

Sold

$182,000

Apr 29, 2003

Listing Removed

—

Feb 23, 2003

Listed

$188,000

ARMLS #1548795

Feb 15, 2001

Sold

$140,000

Sep 12, 2000

Listed

$144,900

Public Records

Mar 16, 1989

Sold

$88,500

Year

Property tax

Land + Additions

Assessment*

2025

$1,694 (+7.0%)

2024

$1,583 (+1.2%)

2023

$1,564 (+4.3%)

2022

$1,501 (−0.7%)

$9,260 + $37,040

$46,300

2021

$1,511 (+3.1%)

$7,740 + $30,980

$38,720

2020

$1,465 (+1.9%)

$6,750 + $27,010

$33,760

2019

$1,437 (+2.6%)

$5,550 + $22,230

$27,780

2018

$1,402 (+3.1%)

$5,550 + $22,230

$27,780

2017

$1,360 (+0.7%)

$4,550 + $18,230

$22,780

2016

$1,350 (+4.1%)

$4,250 + $17,020

$21,270

2015

$1,297 (−6.2%)

$3,160 + $12,640

$15,800

2014

$1,382 (+21.5%)

$2,120 + $8,500

$10,620

2013

$1,138 (−10.5%)

$1,490 + $5,990

$7,480

2012

$1,271

$1,840 + $7,390

$9,230

2011

$1,270 (−6.7%)

$2,160 + $8,650

$10,810

2010

$1,361 (−6.4%)

$2,680 + $10,740

$13,420

2009

$1,454

$4,070 + $16,300

$20,370

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

7,187 Sq. Ft.

Year renovated

1963

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,576

Year built

1963

Style

Multi-Family (2-4 Unit)

County

Maricopa County

APN

13267062L

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 8, 2026.

Climate risks

4/10 Flood Factor

Estimated 13-19% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

9/10 Heat Factor

7 days above 111° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Tempe, AZ • 85281

Average low and high temperatures (°F)

105

106

107

102

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.5 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1224 S Smith Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $475,000 and $720,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $475K to $720K.

SOLD DEC 9, 2025
$720,000 Last sold price
2 beds1 bath2,346 sq ft
1903 E Hayden Ln, Tempe, AZ 85281
larger lot
1 year newer
SOLD MAY 5, 2026
$589,000 Last sold price
5 beds3 baths2,020 sq ft
2057 E Orange St, Tempe, AZ 85281
63 years newer
SOLD AUG 12, 2026
$585,000 Last sold price
3 beds2 baths1,668 sq ft
1882 E Loma Vista Dr, Tempe, AZ 85282
larger lot
5 years newer
SOLD JUL 2, 2026
$552,750 Last sold price
4 beds2 baths2,103 sq ft
2639 S Bala Dr, Tempe, AZ 85282
smaller lot
14 years newer
SOLD APR 28, 2026
$589,000 Last sold price
4 beds2 baths1,826 sq ft
2132 E Broadmor Dr, Tempe, AZ 85282
larger lot
7 years newer
SOLD MAY 19, 2026
$475,000 Last sold price
6 beds2 baths1,752 sq ft
2045 E Orange St, Tempe, AZ 85281
11 years older

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Details provided by ARMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 1224 S Smith Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1224 S Smith Rd

Early Access listings

Nearby similar homes

New listings for sale in 85281

More real estate resources