Three-Bedroom Residential
286 W PALOMINO Drive 152, Chandler, AZ 85225
For Sale
$269,900
The kitchen features granite counters, built-in appliances, and a peninsula breakfast bar.
Property Size1,066 SF
Days on Market9
Property Features for 286 W PALOMINO Drive 152
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
AZ Flat Fee
Listed By:
Richard Harless · License AZ SA672256000
(480) 771-1511
Source:
Gillettegroupaz
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 1:21PM
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 AZ Flat Fee
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Investment Insights
Based on property information with market context.
This residential unit, built in 1984, offers three bedrooms and two bathrooms. Interior features include a living room, wood-look flooring, window blinds, and a kitchen with granite counters, white cabinetry, built-in appliances, and a peninsula with breakfast seating. The primary bedroom has its own bathroom.
Key Highlights
- Three bedrooms and two bathrooms
- Kitchen with granite counters, white cabinetry, and built‑in appliances
- Peninsula provides a breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,167
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,340
$243.3K
Cap Rate 7%
$173,814
$173.8K
Cap Rate 9%
$135,189
$135.2K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$23.4K $21.96/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.1K $20.75/SF
− OpEx
−$10.0K −$9.34/SF
NOI
$12.2K $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%
$243,340
Cap Rate 7%
$173,814
Cap Rate 9%
$135,189
Alternative Uses
Best Use
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,167 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.5K
$267.4K – $356.5K
NOI $21,388 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
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Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
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Market
Properties on Market for Residential income properties in Maricopa County
Frequently Asked Questions
What type of property is this?
Residential income property - The kitchen features granite counters, built-in appliances, and a peninsula breakfast bar.
Where is this residential income property located?
The property is located at 286 W PALOMINO Drive 152 Chandler, AZ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Kitchen with granite counters, white cabinetry, and built‑in appliances; Peninsula provides a breakfast bar
