NOT LISTED FOR SALE

Estimated Value: $438,266 - $455,000

-- Bed
1 Bath
1,575 Sq Ft
$285/Sq Ft Est. Value

Last Sold April 25, 2025

Last sale price $455,000 $289 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,506/month

2 Days on Market

Highlights

  • RV or Boat Parking
  • Wood Flooring
  • Ceiling Fan
  • Chandler High School Rated A-
  • Cooling Available
  • 1-minute walk to Vida Park

About This Home

As of April 2025

This Chandler duplex is the ultimate CASH COW (nearly 8% CAP rate)! Located in downtown Chandler this property never has vacancies. ADDITIONAL INCOME opportunity with HUGE lot that can be used to park trailers, boats or additional vehicles. Main unit is approx 1265 SF with 4 beds & 1.5 baths. Second unit is approx 365 SF with 1 bed & 1 bath. Each unit has its own fenced private yard. Both AC units are approx 4-5 years old. Roof is approx 3-4 years old. Property also has dual pane windows. It does need repairing/updating consistent with a rental property with long term tenants but this duplex will make you some serious money & is in amazing location. Pro forma rents are likely lower than what it could receive. Both tenants are month to month & would love to stay with no required repairs

Last Agent to Sell the Property

Justin Cook

RE/MAX Solutions License #BR520620000 Listed on: 03/25/2025

RE/MAX Solutions

Co-Listed By

Scott Cook

RE/MAX Solutions License #SA564464000

Last Buyer's Agent

Royce Munroe

Munroe Multifamily License #BR512795000

Munroe Multifamily

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $775

Year Built

  • Built in 1936

Lot Details

  • 0.35

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • RV or Boat Parking

Schools

  • Galveston Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 302-63-016-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 80 x 190
  • Greater Chandler Add Blk 8 & 9 Subdivision

Building Details

  • Operating Expense $2,877
  • Gross Income $38,400
  • Net Operating Income $35,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$775

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Chandler BLVD & Arizona AVE
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2024
  • Directions: E to Hamilton, N to property (drive by only)
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: resol001
  • Co List Office Phone: 480-610-6500
  • Subdivision Name: GREATER CHANDLER ADD BLK 8 & 9
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, RV/Access Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1455.0

Schools

  • Elementary School: Galveston Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District #80
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 80 x 190
  • Additional Parcels: No
  • Parcel #: 302-63-016-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 38400.0
  • Insurance Expense: 647.0
  • Property Net Operating Income: 35523.0
  • Annual Operating Expense: 2877.0

Tax Info

  • Tax Annual Amount: 775.0
  • Tax Book Number: 302.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
Apr 24, 2025
Sold by
James G Porter G and James Rhonda L
Bought by
Epicenter Holdings Llc
Seller's Agent
Justin Cook
RE/MAX Solutions
Buyer's Agent
Royce Munroe
Munroe Multifamily
List Price
$449,900
Sold Price
$455,000
Premium/Discount to List
$5,100
1.13%
Views
2
Current Estimated Value
$445,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,098
Avg. Annual Appreciation
-7.33%
Original Mortgage
$341,250
Outstanding Balance
$341,250
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$103,821

Purchase Details

Closed on
Feb 12, 2018
Sold by
Porter James G and Porter Rhonda L
Bought by
Porter James G and Porter Rhonda L

Purchase Details

Closed on
Feb 18, 2010
Sold by
Porter James G and Porter Rhonda L
Bought by
Porter James G and Porter Rhonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2004
Sold by
Us Bank Na
Bought by
Porter James G and Porter Rhonda L

Purchase Details

Closed on
Mar 12, 2004
Sold by
Pena James E and Pena Angie A
Bought by
Us Bank Na and Credit Based Asset Servicing & Securitiz

Purchase Details

Closed on
Aug 21, 2003
Sold by
Pena James E and Pena Angie A
Bought by
Pena Angie A

Purchase Details

Closed on
Nov 29, 2000
Sold by
Pena Angie Avena
Bought by
Pena James E and Pena Angie Avena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.86%

Purchase Details

Closed on
Nov 7, 1997
Sold by
Pena James
Bought by
Pena Angie Avena

Purchase Details

Closed on
Nov 6, 1997
Sold by
Nelson Edith H
Bought by
Pena Angie Avena
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Epicenter Holdings Llc $455,000 Clear Title Agency Of Arizona
Porter James G -- None Available
Porter James G -- Chicago Title
Porter James G $87,000 First American Title Insuran
Us Bank Na $88,802 First American Title
Pena Angie A -- --
Pena James E -- Capital Title Agency
Pena Angie Avena -- Security Title Agency
Pena Angie Avena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Epicenter Holdings Llc $341,250
Previous Owner Porter James G $56,000
Previous Owner Pena James E $80,000
Closed Pena Angie Avena --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $455,000 +1.1% $289 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $449,900 -- $286 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $775 $8,419 -- --
2024 $760 $8,018 -- --
2023 $760 $31,850 $6,370 $25,480
2022 $736 $22,410 $4,480 $17,930
2021 $756 $21,030 $4,200 $16,830
2020 $752 $17,650 $3,530 $14,120
2019 $726 $14,370 $2,870 $11,500
2018 $705 $13,470 $2,690 $10,780
2017 $662 $12,010 $2,400 $9,610
2016 $640 $9,960 $1,990 $7,970
2015 $614 $7,600 $1,520 $6,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6840758

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-63-016B