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$396,000
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Property Description
Chandler DUPLEX! TWO detached homes on ONE lot! This is the best CASH COW in the entire Valley! Projected 9% CAP rate! The 3 bed 2 bath home in the front does need some work! The 2 bed 1 bath home in the back (accessible from street behind the home) is in good shape & ready to go! Both units have their own fenced yard, separate entrances (one from the street in the front, the other the road in the back). Literally two separate homes on one lot! Property is located in the #1 school district in the state, short walk to Chandler High & is just blocks from popular Downtown Chandler with lots of dining, entertainment & shops! Located just a few miles from both 101 & 202 freeway to provide easy access to Phoenix/Scottsdale/ASU etc. Pro forma rents are likely lower than what it could receive.
Full Property Details
Full Property Details for 481 N Colorado St
General
- Sold For: $396,000
- Taxes: $871 (2024)
- Status: Closed
- Type: Duplex
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6860519
- Added to Site: 293 day(s) ago
Interior
- Flooring: Ceramic Tile, Vinyl
Parking
- Total Spaces: 4
- Parking Features: RV Access/Parking, >1 Space Per Unit
Location
- County: Maricopa
- Township: 1S
- Subdivision: GREATER CHANDLER ADD BLK 8 & 9
- Cross Streets: Arizona Avenue and Chandler BLVD
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Heat Pump
- Heating Type: Natural Gas
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Painted, Block
- Roof: Composition
- Year Built: 1951
Lot Features
- Lot Dimensions: 150 x 50
- Frontage: Asphalt
- Zoning: MF-1
Financial Considerations
- Tax Amount: $871
- Tax Year: 2024
- Owner Pays: Gas, Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: GREATER CHANDLER ADD
- Property ID: 302-64-106
- Range: 5E
- Section: 27
- Lot Number: 3
Listed by RE/MAX Solutions
Sold by Better Homes & Gardens Real Estate SJ Fowler
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Schools
Schools serving 481 N Colorado St
School District:Chandler Unified District
| Name | Grades | Distance |
|---|---|---|
Galveston Elementary School 661 East Galveston Street, Chandler, AZ 85225 | PK-6 | 0.4 mi |
Chandler High School 350 North Arizona Avenue, Chandler, AZ 85225 | 9-12 | 0.3 mi |
Willis Junior High School 401 South McQueen Road, Chandler, AZ 85225 | 7-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 481 N Colorado St
Date
Details
Price
Change
Source
5/23/2025
Sold
$396,000
-6.82%
MLS
5/02/2025
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
481 N Colorado Street, Chandler, AZ 85225 (MLS# 6860519) is a Duplex property that was sold at $396,000 on May 23, 2025. Want to learn more about 481 N Colorado Street? Do you have questions about finding other Duplex real estate for sale in Chandler? You can browse all Chandler real estate or contact a Coldwell Banker agent to request more information.

