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Multifamily Property with Separate Offerings
For Sale
$4,650,000

1135 E CHIPMAN Road, Phoenix, AZ 85040

Modern multifamily asset with two- and three-bedroom floor plans across separate buildings.

Property SizeContact for details
Days on Market261

Property Features for 1135 E CHIPMAN Road

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $20,798

Building Details

Year Built 2021
Listing Agency: Orion Investment Real Estate
Listed By: Colt Siler · License #SA691810000
Source: Exitrealty
Added: Dec 15, 2025 Changed: Sep 2 Last Checked: Sep 1 at 4:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Orion Investment Real Estate

Investment Insights

Based on property information with market context.

This multifamily property comprises separate buildings with groupings of no more than four units each. The floor plans include two-bedroom, two-bathroom and three-bedroom, two-bathroom layouts, providing a mix of residential configurations within the asset.

The property is located at 1135 E Chipman Road in Phoenix, with access to Downtown Phoenix, major employment centers, transportation corridors, and urban amenities. It is also available through five separate offerings, allowing the acquisition to be structured around differing operational or investment objectives.

Key Highlights

  • Available through five separate offerings
  • Each grouping includes no more than 4 units in 2 separate buildings
  • Floor plans include 2BR/2BA and 3BR/2BA layouts

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

395
Businesses Nearby

Demographics for 85040, AZ

33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Modern multifamily asset with two- and three-bedroom floor plans across separate buildings.
Where is this multifamily property located?
The property is located at 1135 E CHIPMAN Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Available through five separate offerings; Each grouping includes no more than 4 units in 2 separate buildings; Floor plans include 2BR/2BA and 3BR/2BA layouts
More about this property
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