1135 E CHIPMAN Road Phoenix, AZ ^$ 4,770,000

1135 E CHIPMAN Road

^$ 4,770,000

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Recently Listed New Construction

1135 E CHIPMAN Road

Phoenix, AZ, 85040

^$ 4,770,000

Studio Baths0.0

Monthly Estimate*

^$ 29,759

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $4,770,000. This home was built in 2021.

Also available as five separate offerings! This allows investors to tailor their purchase to their operational or investment objectives. Each grouping consists of no more than 4 units in 2 separate buildings which opens the door up to additional financing options. Newly constructed in 2023. Minutes from Downtown Phoenix, this high class asset combines high-end finishes, spacious modern floor plans (2BR/2BA and 3BR/2BA), and immediate access to major employment centers, transportation corridors, and urban amenities.

Multi-Family Active

Price

^$ 4,770,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 20,798

Style

Multiple Dwellings

Year Built

2021

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6958151

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric Heat Pump

Roof Foam

Zoning R-3

Construction Materials Wood Frame Painted Stucco

Year Built 2021

Electric SRP Individual Meter

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 361003.37

Community Features No Pool

County Maricopa

Net Operating Income 259761.0

Operating Expense 20798.0

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

High School South Mountain High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 27.0

Number Of Units Total 18

Carport Y/N N

Elementary School John F Kennedy Elementary School

Tax Annual Amount 20798.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Roosevelt Elementary District

Tax Lot 064-B

Cap Rate 5.45

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Carpet Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Paved Free >1 Space Per Unit

Water Source Individual Meter City Franchise

Total Parking 45.0

Number of Buildings 9

Spa N

Lot Dimensions 108x505

Covered Spaces 18.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1135

* Excluded Features

List By

Orion Investment Real Estate

Broker

colt.siler@orionprop.com

Affordability Calculator

$31,492

Per Month

Monthly Principal & Interest: $29,759
Monthly Property Taxes: $1,733
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,222,999

Percent of Sale Price 74%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4326870 Elementary School

4327058 Middle School

South Mountain High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/16/2025	$4,770,000		Listed Price

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1135 E CHIPMAN Road, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $4,770,000. 1135 E CHIPMAN Road is a studio with 0.0 baths and was built in 2021. The property's zip code is 85040 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/18/2025.

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1135 E CHIPMAN Road

Multi-Family Home for sale in Phoenix, AZ

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