$4,988 Closing Credit¹
#6810326, Ishwinder Singh, Patrick Halpine, Listing Office: My Home Group Real Estate
#6860519·
Listing office: RE/MAX Solutions·
Listing agent: Justin Cook, Scott Cook·
Listing office phone: 480-610-6500
$425,000 List price
481 N Colorado St Chandler, AZ 85225
$5,047
Closing credit¹
House
Property details
About 481 N Colorado St
Chandler DUPLEX! TWO detached homes on ONE lot! This is the best CASH COW in the entire Valley! Projected 9% CAP rate! The 3 bed 2 bath home in the front does need some work! The 2 bed 1 bath home in the back (accessible from street behind the home) is in good shape & ready to go! Both units have their own fenced yard, separate entrances (one from the street in the front, the other the road in the back). Literally two separate homes on one lot! Property is located in the #1 school district in the state, short walk to Chandler High & is just blocks from popular Downtown Chandler with lots of dining, entertainment & shops! Located just a few miles from both 101 & 202 freeway to provide easy access to Phoenix/Scottsdale/ASU etc. Pro forma rents are likely lower than what it could receive.
Highlights
Home typeOther
HeatingNatural Gas
StatusActive
CoolingCeiling Fan(s), Heat Pump
Year built1951
ParkingRV/Access Parking, >1 Space Per Unit
MLS #6860519
Summary
- Flooring Type: Ceramic Tile, Vinyl
- Parking: RV/Access Parking, >1 Space Per Unit
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Heat Pump
- List Price: $425,000
- Annual Tax Amount: $854
- Tax Year: 2024
- Directions: N to Erie, E to Colorado, N to home. To access the other home in the back you can just drive around the corner to the wide alley that serves as the street for the back unit.
- Year Built: 1951
- MLS Number: 6860519
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: RE/MAX Solutions
- Office Phone: (480) 610-6500
- Office Email: danporter00@me.com
- Listing Agent: Justin Cook, Scott Cook
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2025, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$425,000
481 N Colorado St
$5,047
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 14, 1996 | Home Sold | $60,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $33,280 | $854 |
| 2023 | $29,360 | $826 |
| 2022 | $20,450 | $850 |
| 2020 | $15,250 | $845 |
| 2019 | $12,580 | $792 |
| 2017 | $10,710 | $744 |
History based on county public records data.
Nearby schools
3
Galveston Elementary School
Public District PK-6
0.4 mi
•661 E Galveston St
5
Hartford Sylvia Encinas Elementary School
Public District PK-6
0.8 mi
•700 N Hartford St
2
Frye Elementary School
Public District PK-6
1.0 mi
•801 E Frye Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,427. Most Chandler, AZ residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
41%
35k-100k
15%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
26%
Single, with Kids
13%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
8%
12-17 yrs old
31%
18-34 yrs old
31%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 481 N Colorado St
The listing price of 481 N Colorado St property is $425,000.
The property 481 N Colorado St is a house located in Chandler, Arizona, 85225.
Active Listing: 481 N Colorado St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 481 N Colorado St are: Galveston Elementary School (GreatSchools Rating 3/10), Hartford Sylvia Encinas Elementary School (GreatSchools Rating 5/10), Frye Elementary School (GreatSchools Rating 2/10), Arizona College Preparatory Oakland Campus (GreatSchools Rating 10/10), Champion Chandler (GreatSchools Rating 4/10), Willis Junior High School (GreatSchools Rating 3/10), Chandler High School (GreatSchools Rating 7/10), Arizona College Preparatory Erie Campus (GreatSchools Rating 10/10), Chandler Online Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $854 (source: MLS/based on county public records data).
The last sale was on November 14, 1996 for $60,000 (source: MLS/tax record).
The property at 481 N Colorado St has 0 bathroom.
The year of construction for 481 N Colorado St is 1951.
This home is located at 481 N Colorado St in Chandler, AZ and zip code 85225 in the Armstrong neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $425,000.
Chandler, AZ housing market in April 2025 saw over 39 listings sold above listed price, more than 49 sold at listed price and over 155 sold below. The number of homes for sale in Chandler, AZ increased by 6.7% between March and April 2025. In April 2025 median list price was $534,115 and the average listing age was 57 days.
From Rocket Homes Real Estate and based on county public records data.