Browse All Gilbert AZ Multi-Family Properties for Sale

Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.

229 N Palm Street Unit TRLR, Gilbert

Listing courtesy of Listing Agent: Tammy Knight (480-329-5688) from Listing Office: On Q Property Management.

Selling Office: On Q Property Management.

$430,000

6804854 MLS

Discover a unique opportunity to own a piece of historic charm in the heart of Downtown Gilbert! This delightful property offers not one, but two homes on the same lot, making it an ideal choice for savvy investors, first-time buyers, or those seeking a multi-generational living arrangement. Main House Features: 3 Bedrooms & 1.5 Bathrooms 1,124 square feet. Cozy yet spacious living areas with character-rich details. A single-car carport for convenient parking. Perfect for a small family or those looking to make this gem their own. Guest House Features: 750 square feet 2 Bedrooms & 1 Bathroom Separate entry and utilities for added privacy and independence. Ideal for rental income, extended family, or a private workspace. Prime Location: Just steps away from Downtown Gilbert's bustling dining, entertainment, and shopping scene. Dual Utility Setup: Both homes are separately metered for electricity and water, offering flexibility and easy management. Shared trash service simplifies maintenance. Investment Opportunity: With both homes tenant-occupied, you can start earning income immediately. Important Notes: The main house features variations in floor levels, adding a touch of character to the layout. This is a rare chance to own a property in one of the most sought-after areas of Gilbert, with endless potential to customize or maintain as an income-generating asset. Current tenants are month to month. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroom Zoned single family one meter shares utilities costs between houses one meter for water and sewer and trash All facts and figures are approximate buyer verify MLS information Drive by only do not disturb tenants Don't miss your chance to own this incredible property in the heart of Downtown Gilbert. Attention tenants are month to month $900-$1100. 2 electric meters (only 1 turned on), 1 gas meter for front unit (back unit has no gas), 1 water meter

122 W Washington Avenue, Gilbert

Listing courtesy of Listing Agent: Sophia J Willets () from Listing Office: Grace CRE.

Selling Office: The Firm RE.

$750,000

6781172 MLS

Multi Family in Downtown Gilbert!? These two are home are beautifully remodeled. 3/1 and 3/2 Individual fenced lots. Approximately 6500 SF each (Same APN) Separate water and electrical meters. Separate Addresses. Same APN. Amazing opportunity to rent each long term or rent one short, one long etc. Strong VRBO/AIRBNB market.

238 S Wilbur Avenue Unit 1, Gilbert

Listing courtesy of Listing Agent: Gabriel J. Trevizo (602-312-9571) from Listing Office: HomeSmart.

Selling Office: Russ Lyon Sotheby's International Realty.

$595,000

6535868 MLS

Heritage District Downtown Gilbert- GOLD MINE Investor Opportunity. 7.5 CAP RATE RENTURN PROFORMA. Month to month tenants. By App Only showings during diligence period. DRIVE BY ONLY. NO SELLER FINANCING

38 E Elliot Road, Gilbert

Listing courtesy of Listing Agent: Shamile Botzman () from Listing Office: Cluff Real Estate LLC.

Selling Office: Capital REI.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS®,

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