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Sold for $396,000 on 05/23/25
  • $396,000

    481 N Colorado St, Chandler, AZ 85225

    5beds
    176baths
    1,848sqft
    Multi Family
    Built in 1951
    -- sqft lot
    $392,200 Zestimate®
    $214/sqft
    $2,096 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: May 24, 2025 at 01:13am

    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#: 6860519MLS Logo

    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
    Services availability
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    Estimated market value

    $392,200