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Property Description
Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.
Full Property Details
Full Property Details for 229 N Palm St #TRLR
General
- Sold For: $1,000,000
- Taxes: $2,835 (2025)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6993986
- Added to Site: 57 day(s) ago
Interior
- Appliances: Free-Standing Range, Disposal, Refrigerator, Washer and Dryer Hookups
- Flooring: Laminate, Carpet, Vinyl
Parking
- Parking Features: Add'l Parking Avail, 1 Space/Unit
Location
- County: Maricopa
- Cross Streets: Gilbert and Elliott
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Water: Master Meter
Structural Information
- # Buildings: 8
- Exterior Const.: Wood Frame, Painted, Stucco
- Roof: Composition, Rolled/Hot Mop
- Year Built: 1960
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: 90 x 255
- Frontage: Dirt, Gravel
- Zoning: Multi-family/Lo
Financial Considerations
- Tax Amount: $2,835
- Tax Year: 2025
- Terms: Conventional
- Owner Pays: Trash Collection, Water
Disclosures and Reports
- Legal Description: N 90' OF S 290' OF N 686.90' OF TR IN SW4 DESC AS FOL BEG AT INTERSEC OF E LI PALM ST & S LI 2ND ST
- Property ID: 304-11-159
Listed by On Q Property Management
Sold by On Q Property Management
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Schools
Schools serving 229 N Palm St #TRLR
School District:Gilbert Unified District
| Name | Grades | Distance |
|---|---|---|
Burk Elementary School 545 North Burk Street, Gilbert, AZ 85234 | PK-6 | 0.4 mi |
Mesquite Jr High School 130 West Mesquite Street, Gilbert, AZ 85233 | 7-8 | 0.8 mi |
Gilbert High School 1101 East Elliot Road, Gilbert, AZ 85234 | 9-12 | 1.3 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 229 N Palm St #TRLR
Date
Details
Price
Change
Source
4/17/2026
Sold
$1,000,000
—
MLS
3/05/2026
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
229 N Palm Street #TRLR, Gilbert, AZ 85234 (MLS# 6993986) is a Multi-Family property that was sold at $1,000,000 on April 17, 2026. Want to learn more about 229 N Palm Street #TRLR? Do you have questions about finding other Multi-Family real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

