Chandler DUPLEX! TWO detached homes on ONE lot! This is the best CASH COW in the entire Valley! Projected 9% CAP rate! The 3 bed 2 bath home in the front does need some work! The 2 bed 1 bath home in the back (accessible from street behind the home) is in good shape & ready to go! Both units have their own fenced yard, separate entrances (one from the street in the front, the other the road in the back). Literally two separate homes on one lot! Property is located in the #1 school district in the state, short walk to Chandler High & is just blocks from popular Downtown Chandler with lots of dining, entertainment & shops! Located just a few miles from both 101 & 202 freeway to provide easy access to Phoenix/Scottsdale/ASU etc. Pro forma rents are likely lower than what it could receive.
Sold for $396,000
$396,000
481 N COLORADO Street, Chandler, AZ 85225
5beds
176baths
1,848sqft
Multi Family
Built in 1951
-- sqft lot
$389,900 Zestimate®
$214/sqft
$2,109 Estimated rent
Home value
$389,900
$355,000 - $429,000
$2,109/mo
Zestimate® history
Owner options
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$2,109/mo
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$2,109/mo
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$2,285/mo
Est. payment
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$2,285/mo
Est. payment
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Fenced yardDetached homes
Zillow last checked:
Listing updated:
Listed by:
Justin Cook 602-405-2665,
RE/MAX Solutions,
Scott Cook 480-993-9317,
RE/MAX Solutions
Bought with:
Hana Huynh, SA715336000
Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS,MLS#: 6860519
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 176
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Heat Pump
Appliances
- Included: Built-In Range, Free-Standing Gas Oven
- Laundry: W/D Hookup
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 1,848
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Access/Parking, >1 Space Per Unit
- Uncovered spaces: 4
Lot
- Size: 7,500 sqft
- Dimensions: 150 x 50
Details
- Parcel number: 30264106
- Zoning: MF-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1951
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: See Remarks
Location
- Region: Chandler
- Subdivision: GREATER CHANDLER ADD BLK 8 & 9
Other
Other facts
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Listing removed | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/28/2025 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2025 | Sold | $396,000-6.8%$214/sqft |
Source:  ARMLS #6860519 Report a problem | ||
| 5/13/2025 | Pending sale | $425,000$230/sqft |
Source: ARMLS #6860519 Report a problem | ||
| 5/2/2025 | Listed for sale | $425,000+608.3%$230/sqft |
Source: ARMLS #6860519 Report a problem | ||
| 11/14/1996 | Sold | $60,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $880 +1.6% | $31,800 -4.4% |
| 2024 | $866 +1.9% | $33,280 +287.7% |
| 2023 | $850 +2.7% | $8,583 -58% |
| 2022 | $827 -2.2% | $20,450 +8.9% |
| 2021 | $845 +3.6% | $18,780 +23.1% |
| 2020 | $816 +2.9% | $15,250 +21.2% |
| 2019 | $792 | $12,580 +4.3% |
| 2018 | $792 +6.4% | $12,060 +12.6% |
| 2017 | $745 +8% | $10,710 +12.1% |
| 2016 | $689 -8.8% | $9,550 +26% |
| 2015 | $756 | $7,580 +4.6% |
| 2014 | -- | $7,250 +46.2% |
| 2013 | -- | $4,960 -17.6% |
| 2012 | -- | $6,020 -16.4% |
| 2011 | -- | $7,200 -25.6% |
| 2010 | -- | $9,680 -41.4% |
| 2009 | -- | $16,520 +6.2% |
| 2008 | -- | $15,550 +12.3% |
| 2007 | -- | $13,850 +59.2% |
| 2006 | -- | $8,700 |
| 2005 | -- | $8,700 -8.4% |
| 2004 | -- | $9,500 |
| 2003 | -- | $9,500 +35.7% |
| 2002 | -- | $7,000 |
Find assessor info on the county website
Neighborhood: Armstrong
Nearby schools
GreatSchools rating
- 4/10Galveston Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 6/10Chandler High SchoolGrades: 8-12Distance: 0.3 mi
- 3/10Willis Junior High SchoolGrades: 7-8Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Galveston Elementary School
- Middle: Willis Junior High School
- High: Chandler High School
- District: Chandler Unified District #80
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
$389,900
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
$389,900
- Arizona
- Maricopa County
- Chandler
- 85225
- Armstrong
- 481 N COLORADO Street
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