165 E LEXINGTON Avenue, Gilbert, AZ 85234

$635,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,106 Lot Size (sq. ft.): 1,500 Status: Active
Current Price: $635,000 Last Modified: 8/14/2026

Overview

Description

Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.

Listing Details MLS# 7066549

Location, Tax & Legal

House Number
165
Compass
E
Street Name
LEXINGTON
St Suffix
Avenue
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85234
Country
US
County Code
Maricopa
Assessor Number
304-15-891
Subdivision
ASPIRE AT HERITAGE DISTRICT
Tax Year
2025
Assessor's Map #
15
Assessor's Parcel #
891
Tax Municipality
Gilbert
Taxes
2825

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
3
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
2106
Price/SqFt
301.52
Horses
N
Model
ALBRIGHT
Builder Name
Aspire Builders
Year Built
2021
Approx Lot SqFt
1500
Approx Lot Acres
0.034
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Gilbert Unified District
High School District
Gilbert Unified District
Elementary School
Neely Traditional Academy
Jr. High School
Mesquite Jr High School
High School
Gilbert High School

Remarks Misc

Cross Street
GILBERT/ELLIOTT
Directions
DOWNTOWN GILBERT HERITAGE DISTRICT, TURN EAST ON VAUGHN (AT OHSO/CULINARY) TO END OF THE STREET.

Legal Info

Township
1S
Range
6E
Section
7
Lot Number
3

Basement

Basement Y/N
N

More Information

Parking Spaces

Garage Spaces
2
Total Covered Spaces
2
Slab Parking Spaces
0

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

Special Listing Cond

N/A
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes
Brick Veneer
Yes

Roofing

Built-Up
Yes

Association & Fees

HOA Y/N
Y
HOA Disclosure/Addendum Affirmation
No
HOA Transfer Fee
150
HOA Fee
280
HOA Paid Frequency
Monthly
HOA Name
ASPIRE
HOA Telephone
480-737-9946
Special Assessment HOA
No
HOA 2 Y/N
N
PAD Fee Y/N
N
Cap Improvement/Impact Fee
1000
Cap Improvement/Impact Fee $/%
$
Prepaid Association Fees HOA
0
Disclosure Fees HOA
0
Other Fees HOA
0
Land Lease Fee Y/N
N
Rec Center Fee Y/N
N
Ttl Mthly Fee Equiv
280

Lockbox Type

Other
Yes

Architecture

Contemporary
Yes

Building Style

String
Yes

Master Bathroom

3/4 Bath Master Bdrm
Yes
Double Vanity
Yes
Private Toilet Room
Yes

Master Bedroom

Upstairs
Yes

Additional Bedroom

Master Bedroom Walk-in Closet
Yes
Other Bedroom Walk-in Closet
Yes

Flooring

Carpet
Yes
Tile
Yes

Window Features

Dual Pane
Yes
Low-Emissivity Windows
Yes
Vinyl Frame
Yes

Community Features

Biking/Walking Path
Yes
Gated
Yes
Near Bus Stop
Yes

Dining Area

Breakfast Bar
Yes
Breakfast Room
Yes

Heating

Electric
Yes

Kitchen Features

Dishwasher
Yes
Kitchen Island
Yes
Pantry
Yes
Refrigerator
Yes
Electric Cooktop
Yes
Granite Counters
Yes

Cooling

Ceiling Fan(s)
Yes
Programmable Thmstat
Yes
Central Air
Yes

Laundry

Washer Hookup
Yes
Upstairs Laundry
Yes

Other Rooms

Loft
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Road Responsibility

Private Maintained Road
Yes

Technology

High Speed Internet
Yes

Fencing

None
Yes

Water Source

City Water
Yes

Community Pool Features

Outdoor
Yes

Exterior Features

Patio
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Direct Access
Yes
Garage Door Opener
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

North/South Exposure
Yes

Landscaping

Desert Back
Yes

Services

City Services
Yes

Unit Style

Two Levels
Yes
Two Common Walls
Yes

Disclosures

Other (See Remarks)
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

Exterior Mnt of Unit
Yes
Common Area Maint
Yes

Assoc Rules/Info

Pets OK (See Rmrks)
Yes
No Visible Truck Trailer RV Boat
Yes
Prof Managed
Yes

Property Features

Special Listing Cond: N/A Architecture: Contemporary Building Style: String Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Flooring: Carpet; Tile Window Features: Dual Pane; Low-Emissivity Windows; Vinyl Frame Community Pool Features: Outdoor Spa: None Community Features: Biking/Walking Path; Gated; Near Bus Stop Dining Area: Breakfast Bar; Breakfast Room Kitchen Features: Electric Cooktop; Dishwasher; Refrigerator; Pantry; Granite Counters; Kitchen Island Laundry: Washer Hookup; Upstairs Laundry Other Rooms: Loft Technology: High Speed Internet Exterior Features: Patio Parking Features: Direct Access; Garage Door Opener Road Responsibility: Private Maintained Road Construction: Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Built-Up Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: None Property Description: North/South Exposure Landscaping: Desert Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Possession: Close of Escrow Unit Style: Two Levels; Two Common Walls Association Fee Incl: Exterior Mnt of Unit; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; FHA; Conventional Disclosures: Other (See Remarks)
IDX
Listing Office: Four Peaks Property Management LLC
Last Updated: August - 14 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.