165 E LEXINGTON Avenue Gilbert, AZ $ 635,000
165 E LEXINGTON Avenue
$ 635,000
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165 E LEXINGTON Avenue

Gilbert, AZ, 85234
$ 635,000
Bedrooms3 Baths2.1 Sq 2,106

Monthly Estimate*

$ 4,009

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Townhouse for sale in Gilbert, AZ

for $635,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,106 square foot townhouse was built in 2021 on a lot size of 0.03.

Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.

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Townhouse Active

Price

$ 635,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Townhouse

Taxes

$ 2,825

Style

Contemporary

Lot Size

0.03

Year Built

2021

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

7066549

Features
Interior
Interior Amenities High Speed Internet Granite Counters Double Vanity Upstairs Breakfast Bar Kitchen Island Pantry 3/4 Bath Master Bdrm
Flooring Carpet Tile
Total Stories 2
Common Walls Two Common Walls
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Low-Emissivity Windows Dual Pane Vinyl Frame
Fireplace Y/N N
Laundry Features Upstairs Laundry Wshr/Dry HookUp Only
Total Bedrooms 3
Total Baths 3
Bedrooms Possible 4
Kitchen Island True
Pantry True
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Exterior
Model ALBRIGHT
Fencing None
Parking Features Garage Door Opener Direct Access
Lot Features North/South Exposure Desert Back
Water Source City Water
Lot Size Area 1500.0
Spa N
Lot Size Acres 0.03
Lot Size Source Assessor
Waterfront Y/N N
Covered Spaces 2.0
Crops Included Y/N N
Road Responsibility Private Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s) Programmable Thmstat
Utilities SRP
Possession Close Of Escrow
Roof Built-Up
HOA Fee 280.0
Garage Spaces 2.0
Association Fee Includes Maintenance Grounds Maintenance Exterior
Architectural Style Contemporary
Construction Materials Brick Veneer Stucco Wood Frame Painted
Year Built 2021
Township 1S
Property Subtype Townhouse
Tax Year 2025
Ownership Fee Simple
Community Features Pool Gated Near Bus Stop Biking/Walking Path
Assoc Fee Paid Per Monthly
County Maricopa
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name ASPIRE AT HERITAGE DISTRICT
Total Rooms 0
Special Listing Conditions N/A
Status Active
Directions DOWNTOWN GILBERT HERITAGE DISTRICT TURN EAST ON VAUGHN (AT OHSO/CULINARY) TO END OF THE STREET.
High School Gilbert High School
City Gilbert
Disclosures Other (See Remarks)
Association Name ASPIRE
High School District Gilbert Unified District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 1500.0
Carport Spaces 0.0
Carport Y/N N
Spa Features None
Elementary School Neely Traditional Academy
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 2825.0
Home Warranty Y/N N
Middle/Junior High School Mesquite Jr High School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name Aspire Builders
Standard Status Active
Occupancy Type Vacant
Elementary School District Gilbert Unified District
Tax Lot 3
New Financing: Conventional True
Senior Community N
New Financing: FHA True
Ttl Monthly Fee Equiv 280.0
New Financing Cash True
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Internal Only
Street Number 1 165
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* Excluded Features
List By
Four Peaks Property Management Llc

Broker

loujarvis@gmail.com

Email

Affordability Calculator

$4,245
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,009
Monthly Property Taxes
$235
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4331333 Elementary School
4327075 Middle School
Gilbert High School High School
Pricing History
DatePricePrice ChangeDescription
8/14/2026$635,000 Listed Price

Map


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165 E LEXINGTON Avenue, Gilbert, AZ, 85234 is a Townhouse for sale at $635,000 with 2,106 sqft and a lot size of 0.03. 165 E LEXINGTON Avenue has 3 bedrooms, 2.1 baths, and was built in 2021. The property's zip code is 85234 which is in Gilbert, AZ