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Off market
    • $557,800

    209 E Morelos St, Chandler, AZ 85225

    --beds
    0baths
    2,484sqft
    MultiFamily
    Built in 1974
    -- sqft lot
    $557,800 Zestimate®
    $225/sqft
    $1,958 Estimated rent

    Home value

    $557,800

    $496,000 - $625,000

    $1,958/mo

    Zestimate® history
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    $1,958/mo

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    $3,234/mo

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    $3,234/mo

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    What's special

    Great investment opportunity, fully occupied, cash flowing 4 Plex in the heart of Downtown Chandler. 2 of the tenants have been there for 1.5 and 3 years but now month to month. The other 2 tenants were just secured in September and signed 1 year leases. This is a great investment opportunity in the up and coming downtown area with a lot of re gentrification already in process. Rental rates are below market, opportunity to increase CAP rate and property value.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Carpet
    Interior area
    • Total interior livable area: 2,484 sqft

    Property

    Features
    • Exterior features: Cement / Concrete
    Lot
    • Size: 6,969 Square Feet
    Details
    • Parcel number: 30317137

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • concrete
    • Roof: Built-up
    Condition
    • Year built: 1974

    Utilities & green energy

    • Electric: Individual Meter, Master Meter, SRP
    • Gas: SW Gas, Individual Meter
    • Sewer: Sewer - Public

    Community & HOA

    Location
    • Region: Chandler

    Financial & listing details

    • Price per square foot: $225/sqft
    • Tax assessed value: $571,100
    • Annual tax amount: $1,233
    • Ownership: Fee Simple
    • Tenant pays: Electric, Cable TV, Cable TV, Gas, Other (See Remarks)

    Price history

    DateEventPrice
    1/5/2017Sold$220,000-12%$89/sqft
    Source: ARMLS #5528683 Report a problem
    11/23/2016Listed for sale$250,000+285.2%$101/sqft
    Source: RE/MAX Solutions #5528683 Report a problem
    12/21/2012Price change$425-10.5%
    Source: Farnsworth Realty & Management Co. Report a problem
    10/24/2012Price change$475+26.7%
    Source: Farnsworth Realty & Management Co. Report a problem
    10/18/2012Listed for rent$375
    Source: Farnsworth Realty & Management Co. Report a problem
    9/16/2011Listing removed$375
    Source: Rentals.com Report a problem
    8/21/2011Listed for rent$375
    Source: Rentals.com Report a problem
    7/16/2010Sold$64,900$26/sqft
    Source: ARMLS #4372108 Report a problem
    7/1/2010Pending sale$64,900$26/sqft
    Source: Fannie Mae #4372108 Report a problem
    6/20/2010Price change$64,900-13.4%$26/sqft
    Source: foreclosure.com Report a problem
    4/17/2010Price change$74,900-59.1%$30/sqft
    Source: foreclosure.com Report a problem
    4/3/2010Listed for sale--
    Source: foreclosure.com Report a problem
    2/11/2010Sold$183,035+108%$74/sqft
    Source: Public Record Report a problem
    9/4/1997Sold$88,000$35/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,233 +1.6%$57,110 +4.4%
    2024$1,214 +1.9%$54,720 +355%
    2023$1,191 +2.7%$12,027 -62%
    2022$1,159 -2.2%$31,660 +20.2%
    2021$1,184 +3.6%$26,330 +6.3%
    2020$1,143 +2.9%$24,780 +42.2%
    2019$1,110 $17,430 +11.3%
    2018$1,110 +6.4%$15,660 -3.2%
    2017$1,043 +8%$16,180 +17.7%
    2016$966 -13.1%$13,750 +4.2%
    2015$1,112 $13,200 +15.3%
    2014-- $11,450 +75.6%
    2013-- $6,520 +6.9%
    2012-- $6,100 -33%
    2011-- $9,110 -27%
    2010-- $12,480 -28.2%
    2009-- $17,380 -24%
    2008-- $22,860 +7.3%
    2007-- $21,300 +96.3%
    2006-- $10,850
    2005-- $10,850 +19.2%
    2004-- $9,100
    2003-- $9,100 +23%
    2002-- $7,400
    Find assessor info on the county website

    Neighborhood: Historic South Chandler

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Frye Elementary School
    • High: Chandler High School

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $557,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $557,800

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