Ground-Level Residential Income
286 W Palomino Dr #157, Chandler, AZ 85225
For Sale
$205,000
End-unit home with private patio access and community pool and hot tub amenities.
Property Size726 SF
Price / SF$282.37
Days on Market30
Property Features for 286 W Palomino Dr #157
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
pool
hot tub
Building Details
Year Built
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
The Crouch Group
(623) 294-9492
Source:
Crouchgroupaz
Added: Oct 16
Changed: Nov 12
Last Checked: Nov 12 at 7:39AM
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 Homesmart
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Investment Insights
Based on property information with market context.
This 726-square-foot, ground-level end unit was built in 1984 and includes carpet-free flooring, an inviting living area, and appliances that convey. A private patio extends the living space outdoors, while the community offers a pool and hot tub.
Recent work includes a roof replacement in 2024, new air conditioning in 2025, and new windows and a sliding glass door within the past 2 years. Exterior paint was refreshed in 2026. The property is at 286 W Palomino Dr in Chandler, with access to shopping, dining, entertainment, parks, walking paths, and dog parks. Loop 101, Loop 202, and US 60 provide routes for travel across the Valley.
Recent work includes a roof replacement in 2024, new air conditioning in 2025, and new windows and a sliding glass door within the past 2 years. Exterior paint was refreshed in 2026. The property is at 286 W Palomino Dr in Chandler, with access to shopping, dining, entertainment, parks, walking paths, and dog parks. Loop 101, Loop 202, and US 60 provide routes for travel across the Valley.
Key Highlights
- 726‑square‑foot ground‑level end unit
- Roof replaced in 2024; new AC installed in 2025
- Windows and sliding glass door replaced within the past 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,286
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,720
$165.7K
Cap Rate 7%
$118,371
$118.4K
Cap Rate 9%
$92,067
$92.1K
Market Conditions
NOI Build-Up for 726 SF
Gross rent
$15.9K $21.96/SF
− Vacancy
−$877 −$1.21/SF
EGI
$15.1K $20.75/SF
− OpEx
−$6.8K −$9.34/SF
NOI
$8.3K $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%
$165,720
Cap Rate 7%
$118,371
Cap Rate 9%
$92,067
Alternative Uses
Best Use
Apartment 5plus
$118.4K
$103.6K – $138.1K
NOI $8,286 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.1K
$182.1K – $242.8K
NOI $14,566 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - End-unit home with private patio access and community pool and hot tub amenities.
Where is this residential income property located?
The property is located at 286 W Palomino Dr #157 Chandler, AZ.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 726‑square‑foot ground‑level end unit; Roof replaced in 2024; new AC installed in 2025; Windows and sliding glass door replaced within the past 2 years
