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$425,000 Just Listed
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Property Description
Located in the growing community of Chino Valley, this 1.5-acre level parcel presents an outstanding opportunity for multifamily development. Zoned MR (Multi-Residential), the property is ideally suited for apartment construction and is surrounded by a strong mix of established multifamily and commercial users, reinforcing its investment appeal.Positioned along a busy street, the site offers excellent visibility and accessibility, making it attractive for both developers and future tenants. The property benefits from preliminary approval for a 14-unit apartment complex, significantly reducing upfront planning time and accelerating the path to development.With its flat, easy-to-build topography, favorable zoning, and location in an area experiencing steady population growth and increasing housing demand, this parcel is primed for success. Aggressively priced, it represents a compelling opportunity for investors seeking to capitalize on Chino Valley's expanding demographics and rental market.
Full Property Details
Full Property Details for 399-443 W Palomino Rd
General
- Price: $425,000
- Taxes: $963 (2025)
- Status: Active
- Type: Lots/Land
- Source: PAAR_Prescott_MLS
- MLS ID: 1080415
- Updated: Today (3/19/2026)
- Added to Site: Today
Location
- County: Yavapai
- Subdivision: Luna Estates
- Driving Directions: Highway 89 just past Butterfield to South on Palomino to lots on left
Community
- Community Features: None
- Pet Restrictions: None
Utilities
- Onsite: None
Structural Information
- Stories/Levels: 0
Lot Features
- Property View: City, Valley
- Lot Size (Acres): 1.5
- Lot Size (Sq. Ft.): 64,904
- Frontage: City Street
- Access Info: City Maintained Road
- Street/Road Desc.: Paved
- Topography: Corner, Level
- Land Improvements: None
- Zoning: MR
- Fencing (Description): None
Financial Considerations
- Tax Amount: $963
- Tax Year: 2025
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: LUNA EST AMENDED THE W2 OF LOT #35 SEC 15-16-2W CONT .50AC & LUNA ESTATES SUB LOT 36 AMENDED
- Prop. Restrictions: Commercial, Multi-Family
- APN: 306-06-035a & 036
- Lot Number: 35 & 3
Listed by Arizona Commercial
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Price & Sales History for 399-443 W Palomino Rd
Date
Details
Price
Change
Source
3/19/2026
Listed
$425,000
41.67%
MLS
5/11/2023
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 399-443 W Palomino Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$310
—
$8,572
20%
2024
$310
6%
$7,144
28%
2022
$293
—
$5,573
35%
2022
$293
-19%
$4,129
56%
2021
$360
3%
$2,650
-20%
2020
$350
1%
$3,312
100%
2019
$345
-24%
-100%
2018
$454
-2%
$2,760
-23%
2017
$463
-3%
$3,594
—
2016
$475
-6%
$3,594
—
2015
$503
-14%
$3,594
-6%
2013
$583
—
$3,833
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 399-443 W Palomino Rd
399-443 W Palomino Road, Chino Valley, AZ 86323 (MLS# 1080415) is a Lots/Land property with a lot size of 1.5 acres. 399-443 W Palomino Road is currently listed for $425,000 and was received on March 19, 2026. Want to learn more about 399-443 W Palomino Road? Do you have questions about finding other Lots/Land real estate for sale in Chino Valley? You can browse all Chino Valley real estate or contact a Coldwell Banker agent to request more information.

