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129 N Elm St, Gilbert, AZ 85234

$873,000
  • 4

    bed

  • 2

    bath

Multi-family for sale 30 days
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About 129 N Elm St

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Rental estimate
Property description
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!!
Listed by
Listing Agent - Dale Douglas
Listing Office - New Perspective Realty
Source: ARMLS mls logo
MLS#7089046 • last updated 2 weeks ago
Movoto checked ARMLS for data 7 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Natural Gas
MLS # 7089046
Type Multiple Dwellings
Status Active
Property Tax 1232
Year Built 1956
Interior
Total # of Bathrooms 2
Total # of Bedrooms 4
Flooring Tile, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Roof Composition, Rolled/Hot Mop
Construction Painted, Block
Parking Attached Garage, Attached Carport, Paved, >1 Space Per Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer, Sewer-In & Connected
Location
Subdivision COOPER ADD
Community Features Other
Elementary School Burk Elementary School
Elementary School District Gilbert Unified District
Middle School Mesquite Jr High School
High School District Gilbert Unified District
High School Gilbert High School
APN 304-11-011
Zoning MF/L ZONING
Directions NORTH OF ELLIOT ON GILBERT RIGHT ON COLLUMBER SOUTH ON ELM TO PROPERTY
Multifamily Details
Total # of Units 2
Expense: Operating 1232
Financial Data Source Owner
Vacancy Allowance 0.02
Net Operating Income 2815
Gross Income 36397.2
Gross Scheduled Income 37140
Lot/ Land Details
Road Surface Asphalt
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7/10
Burk Elementary School
public Grades PK, K-6
Gilbert Unified District
10/10
Neely Traditional Academy
public Grades PK, K-6
Gilbert Unified District
4/10
Mesquite Jr High School
public Grades 6-8
Gilbert Unified District
5/10
Gilbert High School
public Grades 7-12
Gilbert Unified District
Source: GreatSchools.org © 2026. All rights reserved.

Around Heritage District

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65/100
Walk
97/100
Family
88/100
Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Gilbert
  • 85234
  • Heritage District
  • 129 N Elm St

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