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129 N ELM Street Gilbert, AZ $ 873,000
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$ 873,000 Get more info
129 N ELM Street
$ 873,000
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129 N ELM Street

Gilbert, AZ, 85234
$ 873,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 5,512

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Multi-Family Home for sale in Gilbert, AZ

for $873,000 with 4 bedrooms. This home was built in 1956.

Wow! Fantastic Duplex sitting in the sought after Heritage District in downtown Gilbert. Essentially in the middle of the restaurants, entertainment and nightlife. This Twin Home has 2 units that are 2-BDRM 1 bath both with separate laundry. Both units are fully leased with long term tenants . RARE DOWNTOWN GILBERT DUPLEX - 8,799 SQ FT LOT -- MF/L ZONING - REMODELED UNIT - $3,095/MONTH CURRENT RENTS -PRIVATE YARDS -- 633 SQ FT GARAGE. Unit A has been fully remodeled and is approximately 756 Sq. Ft.! Unit B s approximately 1021 Sq. Ft.. The additional value in is the location, this is a rare downtown Gilbert land/property holding that produces $37,140/year in rents with long-term redevelopment potential. See Document Tab for additional property information. Do not Disturb Tenants!!

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Multi-Family Active

Price

$ 873,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,232

Style

Multiple Dwellings

Year Built

1956

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

7089046
Features
General
Sewer Public Sewer Sewer-In & Connected
Heating Natural Gas
Cooling Central Air Ceiling Fan(s) Electric
Roof Composition Rolled/Hot Mop
Zoning MF/L ZONING
Construction Materials Painted Block
Year Built 1956
Electric APS
Township 1S
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 36397.2
Community Features Other
County Maricopa
Net Operating Income 2815.0
Operating Expense 1232.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name COOPER ADD
Garage Y/N Y
Status Active
Directions NORTH OF ELLIOT ON GILBERT RIGHT ON COLLUMBER SOUTH ON ELM TO PROPERTY
High School Gilbert High School
City Gilbert
Disclosures Seller Prop Disc Stm
High School District Gilbert Unified District
Open Parking Spaces 2.0
Number Of Units Total 2
Carport Y/N N
Elementary School Burk Elementary School
Tax Annual Amount 1232.0
Middle/Junior High School Mesquite Jr High School
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 Gilbert Unified District
Tax Lot 11
Cap Rate 0.32
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 4
Total Baths 2
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Exterior
Parking Features Attached Garage Attached Carport Paved >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 5.0
Number of Buildings 1
Spa N
Lot Dimensions 8 799
Road Surface Type Asphalt
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 129
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* Excluded Features
List By
New Perspective Realty

Broker

daledouglas2@gmail.com

Email

Affordability Calculator

$5,615
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,512
Monthly Property Taxes
$103
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
4327181 Elementary School
4327075 Middle School
Gilbert High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/3/2026$873,000 Listed Price

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129 N ELM Street, Gilbert, AZ, 85234 is a Multi-Family Home for sale at $873,000. 129 N ELM Street has 4 bedrooms, 0.0 baths, and was built in 1956. The property's zip code is 85234 which is in Gilbert, AZ

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