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Triplex with Three Two-Bed Units
For Sale
$567,150

464 S WASHINGTON Street, Chandler, AZ 85225

Triplex featuring three uniform 2-bedroom, 1-bath units designed for straightforward management.

Property SizeContact for details
Days on Market43

Property Features for 464 S WASHINGTON Street

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $728

Building Details

Year Built 1950
Listing Agency: Orion Investment Real Estate
Listed By: Garrett K Hemeyer · License #SA691810000
Source: Jcluxuryresidential
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 30 at 9:56PM

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 Orion Investment Real Estate

Investment Insights

Based on property information with market context.

464 South Washington Street is a triplex built in 1950 offering three uniform units, each with two bedrooms and one bathroom. The consistent layout and unit mix are well-suited for owners seeking simpler ongoing leasing and underwriting, since the units share the same core configuration.

The property spans 1,710 square feet and has benefited from multiple recent capital improvements. It’s located minutes from Downtown Chandler, providing tenants proximity to local retail, dining, and employment corridors.

With a straight-forward three-unit structure and a repeated unit type, this property supports an owner’s day-to-day management approach while offering a practical investment platform in a residential income setting.

Key Highlights

  • Three‑unit triplex with a uniform 2‑bedroom, 1‑bath unit mix
  • 1,710 square feet total building area
  • Built in 1950

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Daycare Center Florist (Bike/Boat/Book/etc) Store Law Firm Grocery & Convenience Store Acupuncture

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,124
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex featuring three uniform 2-bedroom, 1-bath units designed for straightforward management.
Where is this triplex located?
The property is located at 464 S WASHINGTON Street Chandler, AZ.
What is the asking price?
The asking price for this property is $567,150.
What are key features of this property?
This property features: Three‑unit triplex with a uniform 2‑bedroom, 1‑bath unit mix; 1,710 square feet total building area; Built in 1950
More about this property
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