$1,200,000

Estimated payment $6,459/month

Total Views 1,826
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Chandler High School Rated A-
  • Ceiling Fan

About This Home

This garden-style fourplex offers 4, 2-bedroom, 1-bathroom units, each with private entrances, in-unit washer/dryers, and private yard space. All units recently renovated, as well as new HVAC, roof and sewer lines in the last three years. The property is well-positioned for investors seeking a stabilized asset with rental upside in a prime East Valley location near great food and activities. Investment Overview:
Unit 1: Leased at $1,775.50/month | Month-to-Month tenancy
Unit 2: Vacant | Ready for immediate lease or to live in and house hack your investment
Unit 3: Leased at $1,550/month Unit 4: Leased at $1,600/month The area offers abundant retail, dining, and employment opportunities, driving consistent rental demand. All facts and figures to be verified by buyer.

Listing Agent

Carla Magee

My Home Group Real Estate License #SA685362000 Listed on: 09/29/2025

My Home Group Real Estate

Co-Listing Agent

Kristina Sabo

My Home Group Real Estate License #SA627897000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,463

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Sanborn Elementary School
  • John M Andersen Jr High Middle School
  • Chandler High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 302-73-033

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irregular
  • Olsen Addition Subdivision

Building Details

  • Operating Expense $6,363
  • Gross Income $78,306
  • Net Operating Income $71,943

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,463

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Ray Rd & Arizona Ave
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2024
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: OLSEN ADDITION
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Sanborn Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District #80
  • Middle Or Junior School: John M Andersen Jr High School

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 302-73-033

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 78306.0
  • Insurance Expense: 2500.0
  • Property Net Operating Income: 71943.0
  • Annual Operating Expense: 6363.0

Tax Info

  • Tax Annual Amount: 1463.0
  • Tax Book Number: 302.00
  • Tax Lot: 33

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,486 $15,898 -- --
2024 $1,435 $15,141 -- --
2023 $1,435 $41,000 $8,200 $32,800
2022 $1,389 $32,380 $6,470 $25,910
2021 $1,428 $28,580 $5,710 $22,870
2020 $1,420 $27,130 $5,420 $21,710
2019 $1,370 $21,550 $4,310 $17,240
2018 $1,331 $18,150 $3,630 $14,520
2017 $1,251 $17,850 $3,570 $14,280
2016 $1,208 $15,500 $3,100 $12,400
2015 $1,158 $14,600 $2,920 $11,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2025 09/29/25 For Sale $1,200,000 +29.0% --
12/09/2022 12/09/22 Sold $930,000 -2.1% $361 / Sq Ft View Prior Sale
09/23/2022 09/23/22 For Sale $950,000 +21.8% $369 / Sq Ft
03/11/2022 03/11/22 Sold $780,000 +7.6% $303 / Sq Ft View Prior Sale
01/28/2022 01/28/22 Pending -- -- --
01/27/2022 01/27/22 Price Changed $725,000 +7.4% $281 / Sq Ft
01/26/2022 01/26/22 For Sale $675,000 +187.2% $262 / Sq Ft
11/12/2015 11/12/15 Sold $235,000 -18.4% $91 / Sq Ft View Prior Sale
10/29/2015 10/29/15 Pending -- -- --
10/27/2015 10/27/15 For Sale $288,000 -- $112 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $938,600 American Title Services
Warranty Deed $780,000 Magnus Title
Warranty Deed $780,000 Magnus Title
Cash Sale Deed $235,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- Land Title Agency Of Az Inc
Joint Tenancy Deed $162,000 First American Title
Warranty Deed $117,500 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $703,950 New Conventional
Previous Owner $585,000 New Conventional
Previous Owner $167,000 No Value Available
Previous Owner $160,890 FHA
Previous Owner $105,750 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6926583

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-73-033