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$873,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • Updated 4 hours ago
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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!!

Full Property Details for 129 N Elm St

General

  • Price: $873,000
  • Taxes: $1,232 (2025)
  • Status: Active
  • Type: Duplex
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7089046
  • Updated: Today (10/3/2026)
  • Added to Site: Today

Interior

  • Appliances: Free-Standing Range, Disposal, Refrigerator, Washer/Dryer, Washer and Dryer Hookups
  • Flooring: Tile, Ceramic Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Attached Garage, Attached Carport, Paved, >1 Space Per Unit, Carport

Location

  • County: Maricopa
  • Township: 1S
  • Subdivision: COOPER ADD
  • Cross Streets: Gilbert & Elliot Rd

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Natural Gas

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Painted, Block
  • Roof: Composition, Rolled/Hot Mop
  • Year Built: 1956

Unit Information

  • Vacancy %: .02

Lot Features

  • Lot Dimensions: 8799
  • Frontage: Asphalt
  • Zoning: MF/L ZONING

Financial Considerations

  • Tax Amount: $1,232
  • Tax Year: 2025
  • Terms: Cash, No Carry, Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: LOT 11 COOPER ADD MCR 006529
  • Property ID: 304-11-011
  • Range: 6E
  • Section: 7
  • Lot Number: 11

Listed by New Perspective Realty

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— 129 N Elm St —

  • New Perspective Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 129 N Elm St

School District:Gilbert Unified District
NameGradesDistance
Burk Elementary School
545 North Burk Street, Gilbert, AZ 85234
PK-60.6 mi
Mesquite Jr High School
130 West Mesquite Street, Gilbert, AZ 85233
7-80.6 mi
Gilbert High School
1101 East Elliot Road, Gilbert, AZ 85234
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 129 N Elm St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/03/2026
Listed
$873,000
249.55%
MLS
5/06/2020
Sold
$249,750
—
Public Record
Get Price Alerts and Save Property
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 for 129 N Elm St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,232
—
$13,565
-71%
2025
$1,232
3%
$46,130
2%
2023
$1,192
3%
$45,120
24%
2022
$1,160
—
$36,480
47%
2022
$1,160
-3%
$24,770
10%
2021
$1,199
1%
$22,470
19%
2020
$1,182
8%
$18,960
7%
2019
$1,098
3%
$17,760
14%
2018
$1,068
3%
$15,620
12%
2017
$1,033
-2%
$13,970
3%
2016
$1,059
10%
$13,530
8%
2015
$965
-2%
$12,570
52%
2014
$983
12%
$8,280
15%
2013
$879
—
$7,210
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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129 N Elm Street, Gilbert, AZ 85234 (MLS# 7089046) is a Duplex property with 4 bedrooms and 0 full bathrooms. 129 N Elm Street is currently listed for $873,000 and was received on October 03, 2026. Want to learn more about 129 N Elm Street? Do you have questions about finding other Duplex real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

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