Seller's Agent in 2026
Tammy Knight
On Q Property Management
(480) 329-5688
3 in this area
86 Total Sales
229 N Palm St Unit TRLR Gilbert, AZ 85234
Heritage District Neighborhood
--
Bed
--
Bath
7,650
Sq Ft
1960
Built
Highlights
- Outdoor Storage
- Central Heating and Cooling System
- Partially Fenced Property
- Burk Elementary School Rated A-
- Ceiling Fan
- 4-minute walk to Water Tower Plaza
About This Home
As of April 2026Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.
Last Agent to Sell the Property
On Q Property Management License #SA529233000 Listed on: 02/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,835
Year Built
- Built in 1960
Lot Details
- Dirt Road
- Partially Fenced Property
- Desert Landscape
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Additional Parking
Outdoor Features
- Outdoor Storage
Schools
- Gilbert Elementary School
- Gilbert High School
Utilities
- Central Heating and Cooling System
- Natural Gas Not Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, trash collection
- Assessor Parcel Number 304-11-159
Community Details
Overview
- 8 Buildings
- 8 Units
- Building Dimensions are 90x255
Building Details
- Operating Expense $24,535
- Gross Income $75,485
- Net Operating Income $49,440
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/17/2026 04/17/26 | Sold | $1,000,000 | 0.0% | $131 / Sq Ft | |
| 03/24/2026 03/24/26 | Pending | -- | -- | -- | |
| 02/05/2026 02/05/26 | For Sale | $1,000,000 | +62.5% | $131 / Sq Ft | |
| 01/31/2017 01/31/17 | Sold | $615,400 | -5.3% | $80 / Sq Ft | View Prior Sale |
| 01/16/2017 01/16/17 | Pending | -- | -- | -- | |
| 01/09/2017 01/09/17 | For Sale | $650,000 | -- | $85 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $2,835 | $31,226 | -- | -- |
| 2024 | $2,745 | $29,739 | -- | -- |
| 2023 | $2,745 | $35,390 | $20,950 | $14,440 |
| 2022 | $2,669 | $31,010 | $17,440 | $13,570 |
| 2021 | $2,761 | $30,690 | $17,440 | $13,250 |
| 2020 | $2,720 | $31,100 | $17,940 | $13,160 |
| 2019 | $2,527 | $31,000 | $18,210 | $12,790 |
| 2018 | $2,457 | $26,340 | $13,560 | $12,780 |
| 2017 | $2,377 | $25,790 | $13,560 | $12,230 |
| 2016 | $2,437 | $24,730 | $12,110 | $12,620 |
| 2015 | $2,222 | $19,170 | $6,920 | $12,250 |
Source: Public Records
Agents Affiliated with this Home
-
Tammy Knight
-
Eric Dixon
Buyer's Agent in 2026
Eric Dixon
On Q Property Management
(480) 332-7404
1 in this area
65 Total Sales
-
M
Seller's Agent in 2017
Mitchell Korrub
Century 21 Arizona Foothills
-
M
Buyer's Agent in 2017
Michael Pickett
Occasio Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6993986
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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