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Rob & Pam Schabatka

Broker/Owner

(928) 282-4166 (o)

(928) 821-3508 (c)

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$873,000
31 Days On Site

129 N ELM Street
Gilbert, AZ 85234

For Sale|Multi Family|Active
4
Beds
2
Total Baths
1956
Built
Subdivision:
COOPER ADD
County:
Maricopa

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(928) 282-4166 x 253
129 N ELM Street129 N ELM Street129 N ELM Street129 N ELM Street
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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!!

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Listing Snapshot
Price 
$873,000
Days On Site 
31 Days
Bedrooms 
4
Inside Area (SqFt) 
N/A
Total Baths 
2
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1956
MLS Number 
7089046
Status 
Active
Property Tax 
$1,232
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
a month agoListing first seen on site
General Features
Cross Street 
Gilbert & Elliot Rd
Disclosures 
Seller Prop Disc Stm
Garage 
Yes
Parking 
PavedCarportAttached CarportGarage
Parking Spaces 
5
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Utilities 
Sewer Connected
Water Source 
Public
Zoning 
MF/L ZONING
Interior Features
Appliances 
Free-Standing RangeRefrigeratorDisposalWasher/Dryer
Cooling 
Central AirElectricCeiling Fan(s)
Flooring 
Ceramic Tile
Heating 
Natural Gas
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Exterior Features
Construction Details 
Block
Roof 
Composition
Community Features
Community Features 
Other
School District 
Gilbert Unified District
Township 
1S
Financing Terms Available 
Conventional1031 ExchangeCash
Roads 
Asphalt
Schools
School District
Gilbert Unified District
Elementary School
Burk Elementary School
Middle School
Mesquite Jr High School
High School
Gilbert High School
Listing courtesy of 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.
Last checked: 2026-11-04 10:36 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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