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 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
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#: 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
Services availability
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Estimated market value
$392,200