3-Bedroom Residential Income
For Sale
$290,000
255 S KYRENE Road 117, Chandler, AZ 85226
Residence features vaulted ceilings, a fireplace, balcony, and a kitchen with oak cabinetry.
Property Size913 SF
Days on Market139
Property Features for 255 S KYRENE Road 117
General Information
Standard status
Active
Size
913 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$692
Amenities
fireplace
balcony
pool
jacuzzi
outdoor eating area
greenbelts
Building Details
Building Size
913 SF
Year Built
1986
Listing Agency:
Keller Williams Realty Phoenix
Listed By:
Jera M Banks · License #SA664442000
(602) 350-8309
Source:
Gillettegroupaz
Added: May 21
Changed: Oct 6
Last Checked: Oct 5 at 10:30PM
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 Keller Williams Realty Phoenix
Investment Insights
Based on property information with market context.
This three-bedroom, two-bathroom residence in Crestview Chateaux combines an open living area with tile flooring, vaulted ceilings, and a fireplace. The kitchen includes oak cabinetry, natural light, a window with plantation shutters, and a spacious peninsula beside the dining area. A bay window and balcony door extend the dining space, while the main bedroom offers a walk-in closet, private bathroom, dual sinks, and an extended vanity mirror. The additional bedrooms also feature vaulted ceilings.
Built in 1988, the property is located in the Chandler/Kyrene area at 255 S Kyrene Road. Dining, shopping, and entertainment are nearby. The community includes mature shade trees, greenbelts, a pool, jacuzzi, and outdoor eating areas. Water is included through the HOA.
Built in 1988, the property is located in the Chandler/Kyrene area at 255 S Kyrene Road. Dining, shopping, and entertainment are nearby. The community includes mature shade trees, greenbelts, a pool, jacuzzi, and outdoor eating areas. Water is included through the HOA.
Key Highlights
- Three‑bedroom, two‑bathroom residence in Crestview Chateaux
- Built in 1988
- Living area with tile flooring, vaulted ceilings, and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,421
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,420
$208.4K
Cap Rate 7%
$148,871
$148.9K
Cap Rate 9%
$115,789
$115.8K
Market Conditions
NOI Build-Up for 913 SF
Gross rent
$20.0K $21.96/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$18.9K $20.75/SF
− OpEx
−$8.5K −$9.34/SF
NOI
$10.4K $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%
$208,420
Cap Rate 7%
$148,871
Cap Rate 9%
$115,789
Alternative Uses
Best Use
Apartment 5plus
$148.9K
$130.3K – $173.7K
NOI $10,421 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.7K
$229.0K – $305.3K
NOI $18,318 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 85226, AZ
40,689
Population
17,406
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$103,740
Median Household Income
$58,515
Median Earnings
$1,785
Median Rent
$452,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Residence features vaulted ceilings, a fireplace, balcony, and a kitchen with oak cabinetry.
Where is this residential income property located?
The property is located at 255 S KYRENE Road 117 Chandler, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom residence in Crestview Chateaux; Built in 1988; Living area with tile flooring, vaulted ceilings, and fireplace
