Triplex with Three Two-Bed
For Sale
Contact for pricing
464 South Washington Street, Chandler, AZ 85225
Triplex featuring three uniform 2-bedroom, 1-bath units designed for straightforward management.
Property Size1,710 SF
Price / SF$349.12
Days on Market9
Property Features for 464 South Washington Street
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
ORION Investment Real Estate
(623) 533-1746
Listed By:
Garrett Hemeyer · License #AZ SA684184000
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 31 at 11:31AM
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.
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
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.9k | $19.80 |
| − Vacancy | −$1.8k | −$1.03 |
| EGI | $32.1k | $18.77 |
| − OpEx | −$9.6k | −$5.63 |
| NOI | $22.5k | $13.14 |
1,710 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,463 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$278.8K
$244.0K – $325.3K
NOI $19,517 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$490.1K
$428.9K – $571.8K
NOI $34,309 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask 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 South Washington Street Chandler, AZ.
What is the asking price?
The asking price for this property is $597,000.
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
