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Sold for $460,000
    • $460,000

    581 N COLORADO Street, Chandler, AZ 85225

    4beds
    3baths
    2,024sqft
    Multi Family
    Built in 1951
    -- sqft lot
    $479,200 Zestimate®
    $227/sqft
    $2,109 Estimated rent

    Home value

    $479,200

    $436,000 - $522,000

    $2,109/mo

    Zestimate® history
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    What's special

    This triplex in Chandler is the perfect investment opportunity with a cumulative rental income of $4,030/month. The property consists of three units, each currently occupied by long-term tenants on month-to-month leases. Situated just minutes from Downtown Chandler, the area offers convenient access to shopping, dining, and entertainment. Buyers are encouraged to verify all facts, including rental income, lease agreements, and zoning information. With consistent cash flow and potential for appreciation, this triplex is an excellent option for investors looking to expand their portfolio.

    Zillow last checked:

    Listing updated:

    Listed by:

    Britney Galvan 818-398-0602,

    UMe Realty Group,

    Andrew Kallien 503-705-9350,

    UMe Realty Group

    Bought with:

    Paul Mosley, SA672232000

    Epique Realty

    Source: ARMLS,MLS#: 6768954MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Natural Gas
    Cooling
    • Wall/Window Unit(s), Electric
    Appliances
    • Included: Free-Standing Range, Refrigerator
    Features
    • Flooring: Carpet, Ceramic Tile
    Interior area
    • Total structure area: 2,024
    • Total interior livable area: 2,024 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: RV Access/Parking, Free, On Street
    • Uncovered spaces: 10
    Features
    • Exterior features: Sidewalk(s)
    Lot
    • Dimensions: 0.172 acres / 7,510 sqf
    Details
    • Parcel number: 30264094
    • Zoning: R-8.5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Stucco
    • Roof: Composition
    Condition
    • Year built: 1951

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & HOA

    Community
    • Features: No Pool
    • Subdivision: GREATER CHANDLER ADD BLK 8 & 9
    Location
    • Region: Chandler

    Financial & listing details

    • Price per square foot: $227/sqft
    • Tax assessed value: $337,800
    • Annual tax amount: $756
    • Date on market: 2/20/2026
    • Cumulative days on market: 17 days
    • Listing terms: Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/11/2025Listing removed$650,000+41.3%$321/sqft
    Source: ARMLS #6224030 Report a problem
    12/12/2024Sold$460,000-1.1%$227/sqft
    Source: ARMLS #6768954 Report a problem
    11/27/2024Pending sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    11/27/2024Listed for sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    11/5/2024Pending sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/30/2024Listed for sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/20/2024Pending sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/17/2024Listed for sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/16/2024Pending sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/12/2024Listed for sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/11/2024Pending sale$465,000$230/sqft
    Source: ARMLS #6768954 Report a problem
    10/10/2024Listed for sale$465,000-2.9%$230/sqft
    Source: ARMLS #6768954 Report a problem
    1/23/2024Listing removed$479,000$237/sqft
    Source: ARMLS #6512618 Report a problem
    2/9/2023Listing removed$479,000$237/sqft
    Source: ARMLS #6512762 Report a problem
    2/1/2023Pending sale$479,000$237/sqft
    Source: ARMLS #6512762 Report a problem
    1/27/2023Listed for sale$479,000$237/sqft
    Source: ARMLS #6512618 Report a problem
    1/26/2023Listing removed$479,000$237/sqft
    Source: ARMLS #6498318 Report a problem
    1/24/2023Price change$479,000-4.2%$237/sqft
    Source: ARMLS #6498655 Report a problem
    12/31/2022Listed for sale$500,000+3.1%$247/sqft
    Source: ARMLS #6498655 Report a problem
    6/30/2022Sold$485,000-7.6%$240/sqft
    Source: ARMLS #6393784 Report a problem
    6/3/2022Price change$525,000-4.5%$259/sqft
    Source: ARMLS #6393784 Report a problem
    5/14/2022Price change$550,000-8.2%$272/sqft
    Source: ARMLS #6393784 Report a problem
    5/4/2022Listed for sale$599,000-7.8%$296/sqft
    Source: ARMLS #6393784 Report a problem
    10/2/2021Listing removed$650,000+242.1%$321/sqft
    Source: ARMLS #6224030 Report a problem
    1/27/2020Sold$190,000+13.4%$94/sqft
    Source: Public Record Report a problem
    5/16/2005Sold$167,500+199.1%$83/sqft
    Source: Public Record Report a problem
    6/28/1994Sold$56,000$28/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$779 +1.6%$33,780 -5.9%
    2024$766 +1.9%$35,910 +372.9%
    2023$752 +23.7%$7,594 -66.5%
    2022$608 -4.2%$22,700 +8.6%
    2021$634 +4%$20,910 +32.6%
    2020$610 +3.3%$15,770 +21.8%
    2019$591 $12,950 +9.3%
    2018$591 +7.3%$11,850 +13.4%
    2017$551 +7.1%$10,450 +20.8%
    2016$514 -9.9%$8,650 +27.2%
    2015$570 $6,800 +9.7%
    2014-- $6,200 +39.3%
    2013-- $4,450 -19.4%
    2012-- $5,520 -25.6%
    2011-- $7,420 -22.8%
    2010-- $9,610 -47.4%
    2009-- $18,260 +16.3%
    2008-- $15,700 +12.9%
    2007-- $13,900 +24.7%
    2006-- $11,150
    2005-- $11,150 +13.8%
    2004-- $9,800
    2003-- $9,800 +24.1%
    2002-- $7,900
    Find assessor info on the county website

    Neighborhood: Armstrong

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hartford Sylvia Encinas Elementary
    • Middle: John M Andersen Jr High School
    • High: Chandler High School
    • District: Chandler 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
    $479,200
    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
    $479,200

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