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950 W Erie Street Chandler, AZ $ 2,199,900
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$ 2,199,900 Get more info
950 W Erie Street
$ 2,199,900
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950 W Erie Street

Chandler, AZ, 85225
$ 2,199,900
Bedrooms16 Baths0.0

Monthly Estimate*

$ 13,890

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Multi-Family Home for sale in Chandler, AZ

for $2,199,900 with 16 bedrooms. This home was built in 1983.

This terrific investment opportunity features two meticulously maintained fourplexes on individual residential lots, opening up potential for residential financing. Each unit offers a spacious 1,039SF, 2BD/1.5BA layout across two levels. Three units are fully renovated with new flooring, cabinets, quartz countertops, updated lighting, ceiling fans, and modern appliances. Additional income potential includes five storage units & in-unit laundry, alongside two covered parking spaces per unit and three covered guest spaces. Pride of ownership shines with only two owners since the mid-1980s: the original owner built and managed ''The Bravo'' for over 40 years, and the current owner has continued to elevate this high-value asset. Reach out today for more information!

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Multi-Family Active

Price

$ 2,199,900

Bedrooms

16

Property Type

Multi-Family

Taxes

$ 3,939

Style

Multiple Dwellings

Year Built

1983

Town/City

Chandler

County/Region

Maricopa

MLS | Web ID

7071967
Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Electric
Cooling Central Air
Roof Tile
Zoning PAD
Security Features Security Light(s)
Construction Materials Wood Frame Painted Stucco Block
Year Built 1983
Electric APS
Township 1S
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 127053.0
Community Features No Pool
County Maricopa
Net Operating Income 114933.0
Operating Expense 16059.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 4800.0
Garage Y/N N
Status Active
Directions North to Erie St East to property
High School Chandler High School
City Chandler
Disclosures Seller Prop Disc Stm
High School District Chandler Unified District #80
Open Parking Spaces 0.0
Number Of Units Total 8
Carport Y/N N
Elementary School Hartford Sylvia Encinas Elementary
Tax Annual Amount 3939.0
Electric Expense 720.0
Middle/Junior High School John M Andersen Jr High School
Water Sewer Expense 3600.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Chandler Unified District #80
Tax Lot N/A
Cap Rate 5.22
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 16
Total Baths 16
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Exterior
Parking Features >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 19.0
Number of Buildings 2
Spa N
Lot Dimensions 95X133 (lot C) -AND- 105X133 (lot D)
Road Surface Type Asphalt
Covered Spaces 19.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 950
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* Excluded Features
List By
Exp Realty

Broker

david@valleypremierteam.com

Email

Affordability Calculator

$14,219
Per Month
98%
2%
0%
Monthly Principal & Interest
$13,890
Monthly Property Taxes
$328
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
4901206 Elementary School
4897900 Middle School
Chandler High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/27/2026$2,199,900 Listed Price

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950 W Erie Street, Chandler, AZ, 85225 is a Multi-Family Home for sale at $2,199,900. 950 W Erie Street has 16 bedrooms, 0.0 baths, and was built in 1983. The property's zip code is 85225 which is in Chandler, AZ

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