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Sold on 03/31/2018

1224 S Smith Rd, Tempe, AZ 85281

$365,000

Last sold 03/31/2018 after 83 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 1224 S Smith Rd

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
Cashflowing Fourplex for Sale right in the middle of Tempe. This fourplex is 100% occupied, conveniently located near Arizona State University (ASU) and walking distance to the Smith-Martin/Apache light rail stop. Coin Op laundry provides extra income. All four units are 2 bedrooms and 1 bathroom. All units renovated within last couple of years with tile and water heaters and air conditioning units. There are common laundry units to provide additional revenue, ask me how to expand that potential.. Currently, cash flowing well at a 6 CAP. Because all unit have tenants in place, please only drive by. No showings until accepted offer. Call me for details. Better hurry, this one is gonna go quick!
Listed by
Listing Agent - Bryan K. McCoy
Listing Office - Century 21-Platinum Real Estate
Source: ARMLS mls logo
MLS#5705725 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5705725
Type Multiple Dwellings
Status Closed
Property Tax 1360
Year Built 1963
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Refrigerator, Washer/Dryer
Exterior
Roof Composition
Construction Brick Veneer, Brick
Parking >1 Space Per Unit
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Coin Op Laundry
Community Features No Pool
Elementary School Flora Thew Elementary School
Elementary School District Tempe Elementary School District
Middle School Connolly Middle School
High School District Tempe Union High School District
High School McClintock High School
APN 132-67-062-L
Zoning MF
Directions Head Wet On Apache Blvd, Turn Right On Smith Road. Fourplex On The Right.
Multifamily Details
Total # of Units 4
Expense: Operating 9688
Financial Data Source Owner
Expense: Maintenance 3300
Vacancy Allowance 0.08
Expense: Insurance 1272
Net Operating Income 25612
Gross Income 32612.16
Expense: Electric 936
Expense: Other 600
Expense: Trash 300
Expense: Water/Sewer 1200
Gross Scheduled Income 31848
Expense: Gardener 720
We are not permitted to show value estimates for this property.
  • Sep 2026
    mls logo MLS # 6974014
  • Sep 27, 2026 Price Change
    $999,999
  • Aug 25, 2026 Price Change
    $1,000,000 (-3.4%)
  • Jun 8, 2026 Price Change
    $1,035,000 (-3.7%)
  • Jan 16, 2026 Listed
    $1,075,000 (+2.4%)
  • Apr 2022
    mls logo MLS # 6391061
  • Apr 28, 2022 Listed
    $1,050,000 (+48.9%)
  • Oct 2020
    mls logo MLS # 6066566
  • Oct 15, 2020 Sold
    —
  • Oct 10, 2020 Listed
    —
  • Oct 10, 2020 Sold
    —
  • Sep 29, 2020 Listed
    —
  • Sep 29, 2020 Sold
    —
  • Sep 24, 2020 Listed
    —
  • Sep 23, 2020 Sold
    $705,000 (+0.4%)
  • Sep 17, 2020 Listed
    —
  • Sep 16, 2020 Sold
    $702,500 (-0.4%)
  • Aug 27, 2020 Listed
    —
  • Aug 26, 2020 Sold
    $705,000 (-1.9%)
  • Jul 8, 2020 Listed
    $719,000 (+95.6%)
  • Oct 2020
    Public Records
  • Oct 13, 2020 Sold
    $705,000
  • Mar 2018
    Public Records
  • Mar 30, 2018 Sold
    $367,500 (+0.7%)
  • Mar 2018
    mls logo MLS # 5705725
  • Mar 30, 2018 Sold
    $365,000 (+21.7%)
  • Aug 2016
    Public Records
  • Aug 26, 2016 Sold
    $300,000 (-3.2%)
  • Aug 2016
    mls logo MLS # 5467663
  • Aug 17, 2016 Sold
    $310,000 (+61.5%)
  • Feb 2004
    Public Records
  • Feb 3, 2004 Sold
    $192,000 (+37.1%)
  • Feb 2001
    Public Records
  • Feb 28, 2001 Sold
    $140,000
  • Year Property taxes Tax assessment
  • 2024
    $1,583 +1.2%
    $69,010 -4.43%
  • 2023
    $1,564 +4.3%
    $72,210 +8.29%
  • 2022
    $1,501 -0.7%
    $66,680 +44.02%
  • 2021
    $1,511 +3.1%
    $46,300 +19.58%
  • 2020
    $1,465 +1.9%
    $38,720 +14.69%
  • 2019
    $1,437 +2.6%
    $33,760 +21.53%
  • 2018
    $1,402 +3.1%
    $27,780 +5.83%
  • 2017
    $1,360 +0.7%
    $26,250 +15.23%
  • 2016
    $1,350 +4.1%
    $22,780
  • 2015
    $1,297
    —
  • 1224 S Smith Rd
    $365K
  • Apache
    $367K -3% y/y
  • 85281
    $429K -10% y/y
  • Tempe
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Thew Elementary School
public Grades PK, K-5
Tempe School District
4/10
Connolly Middle School
public Grades 6-8
Tempe School District
5/10
McClintock High School
public Grades 9-12
Tempe Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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