Ground-Level Two-Bedroom
1800 W ELLIOT Road 115, Chandler, AZ 85224
For Sale
$310,000
The residence includes a den, two full bathrooms, and an extended covered patio.
Property Size1,181 SF
Price / SF$262.49
Days on Market185
Property Features for 1800 W ELLIOT Road 115
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
pool
spa
ramada
covered patio
Building Details
Building Size
Year Built
Listing Agency:
Fathom Realty Elite
Listed By:
Corrie Unger
(623) 853-7549
Source:
Inspiredrealestatelife
Added: May 14
Changed: Nov 7
Last Checked: Nov 13 at 2:00PM
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 Fathom Realty Elite
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Investment Insights
Based on property information with market context.
This ground-level condominium offers 1,181 square feet with two bedrooms, each with a walk-in closet, and two full bathrooms. The floor plan includes a great room, an eat-in area, and a den or office. Updates include kitchen countertops, cabinetry, faucets, and fixtures, along with wood-look vinyl flooring in the main living areas and carpet in the bedrooms. Wood shutters are installed throughout, and the sliding doors were upgraded in 2026.
An extended covered private patio adds outdoor space. Community amenities include a pool, spa, and ramada. The property is in Chandler, near freeways, shopping, and restaurants. Built in 1987.
An extended covered private patio adds outdoor space. Community amenities include a pool, spa, and ramada. The property is in Chandler, near freeways, shopping, and restaurants. Built in 1987.
Key Highlights
- 1,181‑square‑foot ground‑level residence with two bedrooms and two full bathrooms
- Both bedrooms have walk‑in closets; additional den or office space
- Community pool, spa, and ramada
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,480
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,600
$269.6K
Cap Rate 7%
$192,571
$192.6K
Cap Rate 9%
$149,778
$149.8K
Market Conditions
NOI Build-Up for 1,181 SF
Gross rent
$25.9K $21.96/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$24.5K $20.75/SF
− OpEx
−$11.0K −$9.34/SF
NOI
$13.5K $11.41/SF
Area
Chandler, AZ
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,600
Cap Rate 7%
$192,571
Cap Rate 9%
$149,778
Alternative Uses
Best Use
Apartment 5plus
$192.6K
$168.5K – $224.7K
NOI $13,480 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.5K
$296.2K – $394.9K
NOI $23,696 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 85224, AZ
46,919
Population
21,559
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
4,991
Density / Sq Mi
$90,886
Median Household Income
$53,408
Median Earnings
$1,785
Median Rent
$391,000
Median Home Value
Market
Properties on Market for Residential income properties in Maricopa County
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a den, two full bathrooms, and an extended covered patio.
Where is this residential income property located?
The property is located at 1800 W ELLIOT Road 115 Chandler, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,181‑square‑foot ground‑level residence with two bedrooms and two full bathrooms; Both bedrooms have walk‑in closets; additional den or office space; Community pool, spa, and ramada
