This well-maintained 4-unit building offers an excellent opportunity for investors or owner-occupants. Each unit features 2 spacious bedrooms, 1 full bath, and comfortable living areas designed for easy, low-maintenance living. Located in a desirable neighborhood with convenient access to local amenities, shopping, and public transportation, this property offers consistent rental income potential.
Sold for $695,000 on 05/22/25
$695,000
3151 E Chipman Rd, Phoenix, AZ 85040
8beds
1baths
2,988sqft
Multi Family
Built in 1984
-- sqft lot
$683,000 Zestimate®
$233/sqft
$1,205 Estimated rent
Home value
$683,000
$622,000 - $751,000
$1,205/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 22, 2025 at 08:23pm
Listed by:
Luis Espinoza 602-373-9729,
Gile Commercial Real Estate
Bought with:
Jeff S Setlow, SA635046000
eXp Realty
Source: ARMLS,MLS#: 6790190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1
Heating
- Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Built-In Range
Features
- Flooring: Vinyl
Interior area
- Total structure area: 2,988
- Total interior livable area: 2,988 sqft
Property
Parking
- Total spaces: 8
- Parking features: <1 Space Per Unit
- Uncovered spaces: 8
Lot
- Size: 10,876 sqft
- Dimensions: 10876
Details
- Parcel number: 12260043
- Zoning: m-m
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1984
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: Individual Meter, City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: WIER ESTATES LOTS 159-168
Other
Other facts
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2025 | Sold | $695,000-4.1%$233/sqft |
Source:  ARMLS #6790190 Report a problem | ||
| 5/13/2025 | Pending sale | $725,000$243/sqft |
Source: ARMLS #6790190 Report a problem | ||
| 5/13/2025 | Listed for sale | $725,000$243/sqft |
Source: ARMLS #6790190 Report a problem | ||
| 4/8/2025 | Pending sale | $725,000$243/sqft |
Source: ARMLS #6790190 Report a problem | ||
| 1/19/2025 | Price change | $725,000-3.3%$243/sqft |
Source: ARMLS #6790190 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,086 +2.6% | $47,030 -11.8% |
| 2024 | $1,058 +2.9% | $53,350 +716.4% |
| 2023 | $1,028 +2% | $6,535 -78.4% |
Find assessor info on the county website
Neighborhood: South Mountain
Nearby schools
GreatSchools rating
- NAMartin Luther King Jr Elementary SchoolGrades: PK-3Distance: 1.2 mi
- 6/10Percy L Julian SchoolGrades: 4-8Distance: 1.3 mi
- 2/10South Mountain High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Roosevelt Elementary School
- Middle: Rover Elementary School
- High: South Mountain High School
- District: Roosevelt Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
$683,000
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
$683,000