129 N Elm Street, Gilbert, AZ 85234

$873,000
4
BD
2
BA

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List Price
$873,000
Status
ACTIVE
Days on Market
1
MLS#
7089046
Subtype
Multiple Dwellings
Year Built
1956
Bedrooms
4
Bathrooms
2
Subdivision
Cooper Add

Property Description

Wow! Fantastic Duplex sitting in the sought after Heritage District in downtown Gilbert. Essentially in the middle of the restaurants, entertainment and nightlife. This Twin Home has 2 units that are 2-BDRM 1 bath both with separate laundry. Both units are fully leased with long term tenants . RARE DOWNTOWN GILBERT DUPLEX - 8,799 SQ FT LOT -- MF/L ZONING - REMODELED UNIT - $3,095/MONTH CURRENT RENTS -PRIVATE YARDS -- 633 SQ FT GARAGE. Unit A has been fully remodeled and is approximately 756 Sq. Ft.! Unit B s approximately 1021 Sq. Ft.. The additional value in is the location, this is a rare downtown Gilbert land/property holding that produces $37,140/year in rents with long-term redevelopment potential. See Document Tab for additional property information. Do not Disturb Tenants!!

Additional Information

Taxes
$1,232
Zoning
MF/L ZONING
Flooring
Ceramic Tile
Appliances
Free-Standing Range, Refrigerator, Disposal, Washer/Dryer, W/D Hookup
Heating
Natural Gas
Air Conditioning
Central Air, Electric, Ceiling Fan(s)
Exterior Construction
Block, Painted
Parking Features
Paved, Carport, >1 Space Per Unit, Attached Garage, Attached Carport
Elementary School
Burk Elementary School
Middle School
Mesquite Jr High School
High School
Gilbert High School

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Dale Douglas (602-292-6372) from Listing Office: New Perspective Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.