For sale

$873,000

129 N ELM Street, Gilbert, AZ 85234

4beds

2baths

1,720sqft

$5,606/mo

Get pre-qualified

Multi Family

Built in 1956

-- sqft lot

$-- Zestimate^®

$508/sqft

$-- HOA

What's special

Wow! Fantastic Duplex sitting in the sought after Heritage District in downtown Gilbert. Essentially in the middle of the restaurants, entertainment and nightlife. This Twin Home has 2 units that are 2-BDRM 1 bath both with separate laundry. Both units are fully leased with long term tenants . RARE DOWNTOWN GILBERT DUPLEX - 8,799 SQ FT LOT -- MF/L ZONING - REMODELED UNIT - $3,095/MONTH CURRENT RENTS -PRIVATE YARDS -- 633 SQ FT GARAGE. Unit A has been fully remodeled and is approximately 756 Sq. Ft.! Unit B s approximately 1021 Sq. Ft.. The additional value in is the location, this is a rare downtown Gilbert land/property holding that produces $37,140/year in rents with long-term redevelopment potential. See Document Tab for additional property information. Do not Disturb Tenants!!

7 days
277
18

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Natural Gas

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Free-Standing Range, Disposal, Refrigerator, Washer/Dryer
Laundry: W/D Hookup

Features

Flooring: Tile, Ceramic Tile, Vinyl

Interior area

Total structure area: 1,720
Total interior livable area: 1,720 sqft

Property

Parking

Total spaces: 5
Parking features: Attached, Attached Carport, Paved, >1 Space Per Unit, Carport
Has attached garage: Yes
Has carport: Yes
Covered spaces: 3
Uncovered spaces: 2

Lot

Size: 8,799 Square Feet
Dimensions: 8,799

Details

Parcel number: 30411011
Zoning: MF/L ZONING

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Painted, Block
Roof: Composition

Condition

Year built: 1956

Utilities & green energy

Electric: APS
Sewer: Public Sewer
Water: City Franchise
Utilities for property: Sewer Connected

Community & HOA

Community

Features: Other
Subdivision: COOPER ADD

Location

Region: Gilbert

Financial & listing details

Price per square foot: $508/sqft
Tax assessed value: $444,100
Annual tax amount: $1,232
Date on market: 10/3/2026
Cumulative days on market: 7 days
Listing terms: Cash,No Carry,Conventional,1031 Exchange
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/3/2026	Listed for sale	$873,000+493.9%$508/sqft
Source: ARMLS #7089046 Report a problem
3/29/2005	Sold	$147,000+177.4%$85/sqft
Source: Public Record Report a problem
10/27/1993	Sold	$53,000$31/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,225 +3.8%	$44,410 -1.6%
2024	$1,180 -0.6%	$45,120 +266.7%
2023	$1,186 +2.3%	$12,304 -50.3%
2022	$1,160 -1.9%	$24,770 +10.2%
2021	$1,182 +7.6%	$22,470 +18.5%
2020	$1,098 +2.8%	$18,960 +6.8%
2019	$1,068	$17,760 +13.7%
2018	$1,068 +3.4%	$15,620 +11.8%
2017	$1,033 +7%	$13,970 +3.3%
2016	$965 -1.8%	$13,530 +7.6%
2015	$983	$12,570 +51.8%
2014	--	$8,280 +14.8%
2013	--	$7,210 -11.5%
2012	--	$8,150 +4.2%
2011	--	$7,820 -42.3%
2010	--	$13,550 -26.4%
2009	--	$18,400 -9.1%
2008	--	$20,250 +7.4%
2007	--	$18,850 +83%
2006	--	$10,300
2005	--	$10,300 +2.5%
2004	--	$10,050
2003	--	$10,050 +34%
2002	--	$7,500