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.
Pending
$425,000
481 N Colorado St, Chandler, AZ 85225
5beds
176baths
1,848sqft
Est.:
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Fenced yardDetached homes
- 11 days
- on Zillow |
- 1,195 |
- 51 |
Zillow last checked: 7 hours ago
Listing updated: May 13, 2025 at 02:40pm
Listed by:
Justin Cook 602-405-2665,
RE/MAX Solutions,
Scott Cook 480-993-9317,
RE/MAX Solutions
Source: ARMLS,MLS#: 6860519

Travel times
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: >1 Space Per Unit
- Uncovered spaces: 4
Lot
- Size: 7,500 Square Feet
- 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 & HOA
Community
- Features: See Remarks
- Subdivision: GREATER CHANDLER ADD BLK 8 & 9
Location
- Region: Chandler
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $332,800
- Annual tax amount: $871
- Date on market: 5/3/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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