449 W Ray Road, Chandler, AZ 85225

$965,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 6 Status: Closed
Current Price: $965,000 Last Modified: 5/22/2026

Overview

Description

This is actually two triplexes. Communal laundry room that brings in about $3000 yearly additional income. Vacancy rates are very low in these well managed properties. Owner managed.

Listing Details MLS# 6999187

Location, Tax & Legal

House Number
449
Compass
W
Street Name
Ray
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Country
US
County Code
Maricopa
Assessor Number
302-75-095-G
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Year Built
1979
Uncvrd Parking Spcs
6
Total # of Units
6
# of Buildings
2
Zoning
MF 2
Flood Zone
TBD
Elementary School District
Chandler Unified District #80
High School District
Chandler Unified District #80
Elementary School
Hartford Sylvia Encinas Elementary
Jr. High School
John M Andersen Jr High School
High School
Chandler High School

Remarks Misc

Cross Street
Ray and Arizona Ave
Directions
W on Ray. Property on south side of Ray across from Sonic.

Status Change Info

Off Market Date
2026-05-21
Under Contract Date
2026-04-21
Close of Escrow Date
2026-05-20

Legal Info

Township
1S
Range
5E
Section
28
Block
1000N
Lot Number
M & B

More Information

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
900
Avg SqFt
800
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1100
Avg SqFt
900
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
6

Income Expenses

Gross Annual Sch Inc
60000
Net Operating Income
43205

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Carryback
Loan Years
30
Payment Type
Interest Only
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Coldwell Banker Realty
Office Phone: 480-834-9131
Office Email: rick.messerschmidt@azmoves.com
Last Updated: May - 22 - 2026
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