Search
12-Unit Single-Story Apartment Community
For Sale
Contact for pricing

205 217 & 222 N Elm St, Gilbert, AZ 85234

Heritage Ranch comprises three single-story fourplex buildings in Downtown Gilbert near the Heritage Entertainment District.

Property SizeContact for details
Days on Market144

Property Features for 205 217 & 222 N Elm St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Buildings 3
Stories 1
Listing Agency: Berkadia
Listed By: Ryan Boyle · License #AZ SA661064000
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 2:50AM

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 Berkadia

Investment Insights

Based on property information with market context.

Heritage Ranch is a 12-unit apartment property arranged across three fourplex buildings, each containing four residences. The community is configured as single-story buildings and is identified by the address 205, 217 & 222 N. Elm St.

The property is in Downtown Gilbert, within walking distance of the Heritage Entertainment District. Its location places the apartment community near that established entertainment destination while retaining a residential multifamily format.

Key Highlights

  • 12‑unit apartment community
  • Three fourplex buildings with four residences each
  • Single‑story multifamily configuration

Property Analytics

Current Use

Affordable Cleaning Services Hardware & Home Improvement

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Grocery & Convenience Store Locksmith Wine and Liquor Store

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

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby

Demographics for 85234, AZ

51,051
Population
17,488
Households
2.9
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
4,290
Density / Sq Mi
$118,012
Median Household Income
$54,080
Median Earnings
$1,971
Median Rent
$488,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Heritage Ranch comprises three single-story fourplex buildings in Downtown Gilbert near the Heritage Entertainment District.
Where is this apartment building located?
The property is located at 205 217 & 222 N Elm St Gilbert, AZ.
What are key features of this property?
This property features: 12‑unit apartment community; Three fourplex buildings with four residences each; Single‑story multifamily configuration
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message