464 S WASHINGTON Street, Chandler, AZ 85225

$597,000
Property Type: Multiple Dwellings Status: Active
Current Price: $597,000 Last Modified: 7/21/2026

Overview

Description

464 S Washington is a well-maintained, turnkey triplex located minutes from Downtown Chandler. This property provides an investor with immediate, stable cash flow and minimal deferred maintenance. The property has benefited from multiple recent capital improvements, positioning it as a low-maintenance acquisition. The asset consists of (3) 2 bedroom/1 bath units, offering a uniform unit mix that simplifies management, leasing, and underwriting. The Downtown Chandler location provides tenants with proximity to local retail, dining, and employment corridors, supporting sustained rental demand and tenant retention.

Listing Details MLS# 7056512

Location, Tax & Legal

House Number
464
Compass
S
Street Name
WASHINGTON
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6397
Country
US
County Code
Maricopa
Subdivision
DOBSON ADD
Assessor Number
303-18-036
Tax Year
2025
Assessor's Map #
18
Legal Description (Abbrev)
LOT 34 DOBSON ADD MCR 003618
Assessor's Parcel #
36
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
523102
Taxes
728
Legal
LOT 34 DOBSON ADD MCR 003618
Marketing Name
Triplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7,497
Year Built
1950
Uncvrd Parking Spcs
4
Total # of Units
3
# of Buildings
Yes
Zoning
MF-2

Legal Info

Township
1S
Range
5E
Section
34
Lot Number
34

Income Expenses

Gross Annual Sch Inc
41940
Net Operating Income
29358

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1165
Avg SqFt
570
# Baths
Yes

Project Type

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Foam
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
728
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
39843
Total Monthly Rental Income
3495

Pmt & Rate Info

Cap Rate
4.92
Equity
597000
Down Payment %
20
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Central
Yes

Cooling

Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Off Street
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Sewer
Yes
Gas
Yes
Landscaping
Yes

New Financing

Cash
Yes
Cash to Loan
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Foam Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Central; Heat Pump Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Off Street Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Gas; Landscaping Tenant Pays: Water; Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Cash to Loan; VA; FHA; Conventional; 1031 Exchange Environmental: Other (See Remarks)
IDX
Listing Office: Orion Investment Real Estate
Last Updated: July - 21 - 2026
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