Developer / 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.
Sold for $1,000,000
$1,000,000
229 N PALM Street #TRLR, Gilbert, AZ 85234
12beds
10baths
8,350sqft
Multi Family
Built in 1960
-- sqft lot
$999,800 Zestimate®
$120/sqft
$1,861 Estimated rent
Home value
$999,800
$920,000 - $1.09M
$1,861/mo
Zestimate® history
Owner options
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$1,861/mo
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$1,861/mo
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$5,773/mo
Est. payment
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$5,773/mo
Est. payment
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List your homeWhat's special
Single-family residence
Zillow last checked:
Listing updated:
Listed by:
Tammy Knight 480-329-5688,
On Q Property Management
Bought with:
Eric Dixon, BR627731000
On Q Property Management
Source: ARMLS,MLS#: 6993986
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Free-Standing Range, Disposal, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Laminate, Carpet, Vinyl
Interior area
- Total structure area: 8,350
- Total interior livable area: 8,350 sqft
Property
Parking
- Total spaces: 10
- Parking features: Add'l Parking Avail, 1 Space/Unit
- Uncovered spaces: 10
Lot
- Size: 0.53 Acres
- Dimensions: 90 x 255
Details
- Parcel number: 30411159
- Zoning: Multi-family/Lo
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Master Meter
Community & HOA
Community
- Features: No Pool
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $120/sqft
- Annual tax amount: $2,835
- Date on market: 3/3/2026
- Cumulative days on market: 20 days
- Listing terms: Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Dirt, Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Sold | $1,000,000$120/sqft |
Source:  ARMLS #6993986 Report a problem | ||
| 3/25/2026 | Pending sale | $1,000,000$120/sqft |
Source: ARMLS #6993986 Report a problem | ||
| 3/5/2026 | Listed for sale | $1,000,000+62.5%$120/sqft |
Source: ARMLS #6993986 Report a problem | ||
| 1/31/2017 | Sold | $615,400$74/sqft |
Source: ARMLS #5544232 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 85234
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Nearby schools
GreatSchools rating
- 6/10Burk Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 5/10Mesquite Jr High SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Gilbert High SchoolGrades: 7-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Gilbert Elementary School
- High: Gilbert High School
- District: Gilbert Unified District
Source: ARMLS. 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
$999,800
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
$999,800
- Arizona
- Maricopa County
- Gilbert
- 85234
- 229 N PALM Street Unit TRLR
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