For sale

$635,000

165 E LEXINGTON Avenue, Gilbert, AZ 85234

3beds

2,106sqft

$4,063/mo

Get pre-qualified

Townhouse

Built in 2021

1,500 Square Feet Lot

$-- Zestimate^®

$302/sqft

$280/mo HOA

What's special

Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.

18 days
213
16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Electric

Cooling

Central Air, Ceiling Fan(s), Programmable Thmstat

Appliances

Included: Refrigerator, Dishwasher, Electric Cooktop
Laundry: Upper Level

Features

High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
Flooring: Carpet, Tile
Windows: Low Emissivity Windows, Double Pane Windows, Vinyl Frame
Has basement: No
Has fireplace: No
Common walls with other units/homes: Two Common Walls

Interior area

Total structure area: 2,106
Total interior livable area: 2,106 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Door Opener, Direct Access
Garage spaces: 2

Features

Stories: 2
Patio & porch: Patio
Spa features: None
Fencing: None

Lot

Size: 1,500 Square Feet
Features: North/South Exposure, Desert Back

Details

Parcel number: 30415891

Construction

Type & style

Home type: Townhouse
Architectural style: Contemporary
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Brick Veneer, Stucco, Wood Frame, Painted
Roof: Built-Up

Condition

Year built: 2021

Details

Builder name: Aspire Builders

Utilities & green energy

Sewer: Public Sewer
Water: City Water

Community & HOA

Community

Features: Pool, Gated, Near Bus Stop, Biking/Walking Path
Subdivision: ASPIRE AT HERITAGE DISTRICT

HOA

Has HOA: Yes
Services included: Maintenance Grounds, Maintenance Exterior
HOA fee: $280 monthly
HOA name: ASPIRE
HOA phone: 480-737-9946

Location

Region: Gilbert

Financial & listing details

Price per square foot: $302/sqft
Tax assessed value: $541,500
Annual tax amount: $2,825
Date on market: 8/13/2026
Cumulative days on market: 18 days
Listing terms: Cash,Conventional,FHA
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/14/2026	Listed for sale	$635,000+2%$302/sqft
Source: ARMLS #7066549 Report a problem
2/23/2026	Listing removed	$2,645$1/sqft
Source: Zillow Rentals Report a problem
1/19/2026	Listed for rent	$2,645-0.2%$1/sqft
Source: Zillow Rentals Report a problem
7/9/2025	Listing removed	$622,430$296/sqft
Source: ARMLS #6285392 Report a problem
6/20/2025	Listing removed	$2,650$1/sqft
Source: Zillow Rentals Report a problem
5/13/2025	Price change	$2,650-5.2%$1/sqft
Source: Zillow Rentals Report a problem
4/7/2025	Listed for rent	$2,795-23.4%$1/sqft
Source: Zillow Rentals Report a problem
1/21/2022	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
1/14/2022	Listed for rent	$3,650+9%$2/sqft
Source: Zillow Rental Network Premium #6342227 Report a problem
12/9/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
12/2/2021	Sold	$622,430$296/sqft
Source: Public Record Report a problem
11/15/2021	Listed for rent	$3,350$2/sqft
Source: Zillow Rental Manager Report a problem
8/28/2021	Listed for sale	$622,430$296/sqft
Source: ARMLS #6285392 Report a problem