Last Sold Price
122 E Elliot Rd, Gilbert, AZ 85234

Description

Incredibly rare opportunity for a multi-family property in Gilbert. This is a Mid-Century modern masterpiece, located in the heart of the popular, historic downtown Gilbert area. This duplex features original architecture and sophistication, and has been beautifully updated in a period-appropriate, classic style. The property is walking distance to shopping, restaurants, schools and parks. Apartments are in great demand as upscale offices, high-end restaurants, boutique stores and Saint Xavier University...Incredibly rare opportunity for a multi-family property in Gilbert. This is a Mid-Century modern masterpiece, located in the heart of the popular, historic downtown Gilbert area. This duplex features original architecture and sophistication, and has been beautifully updated in a period-appropriate, classic style. The property is walking distance to shopping, restaurants, schools and parks. Apartments are in great demand as upscale offices, high-end restaurants, boutique stores and Saint Xavier University are being added to the downtown GIlbert area. Fantastic upside potential as the rent are currently under market rates.
LISTING CLOSED: 09/10/2015 12:00 AM

  1. Listed by David W Fry • Brokerage DRE #CO635547000 • Arizona Realty Shop
    P: (954) 260-6762 C: (954) 260-6762 will@arizonarealtyshop.com

Property Details for 122 East Elliot Road

Status
MLS #
5293110
Days on Market
511
Taxes
$504 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multiple Dwellings
Year Built
1960
Lot Size
0.23 AC / 10,018 SF
Subdivision Name
Hazelwood Terrace
View YN
No
Zoning
R4

Location

Listing Courtesy of Arizona Realty Shop

Sold By DPR Realty LLC

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Building Information for 122 East Elliot Road

Stories-Residences2Year Built1960Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$881 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$42

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 122 East Elliot Road

Summary
Location and General Information
  • Unparsed Address: 122 E ELLIOT Road, Gilbert, AZ 85234
  • City: Gilbert
  • Coordinates: -111.786695, 33.350305
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Gilbert/Elliot
  • Directions: E on Elliot to first left, to property on right
  • Latitude: 33.350305
  • Longitude: -111.786695
  • Map Coordinate: S40
  • Postal City: Gilbert
  • Postal Code: 85234
  • Postal Code Plus4: 6701
  • State Or Province: AZ
  • Street Suffix: Road
  • Year Built: 1,960
Taxes and HOA
  • Tax Annual Amount: $504.00
  • Tax Book Number: 304.00
  • Tax Legal Description: HAZELWOOD TERRACE
  • Tax Lot: 8
  • Tax Year: 2,014
Parking
  • Attached Garage YN: Yes
  • Covered Spaces: 2
  • Garage YN: No
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Attached, 1 Space/Unit, Street Parking, Common
  • Parking Total: 4
School Information
  • Elementary School: Gilbert Elementary School
  • Elementary School District: Gilbert Unified District
  • High School: Gilbert High School
  • High School District: Gilbert Unified District
  • Middle Or Junior School: Mesquite Elementary School - Gilbert
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: .23
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 30411189
  • Property Type: Multiple Dwellings
  • Public Survey Range: 6E
  • Public Survey Section: 7
  • Public Survey Township: 1S
  • Road Surface Type: Asphalt
Utilities
  • Electric: SRP, Individual Meter
  • Electric Expense: $.00
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Trash Expense: $.00
  • Water Sewer Expense: $650.00
  • Water Source: City Franchise, Master Meter
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Siding, Painted, Block
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Roof: Composition, Rolled/Hot Mop
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling YN: Yes
  • Heating: Natural Gas
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gardner Expense: $.00
  • Gross Income: $16,800.00
  • Gross Scheduled Income: $16,800.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Net Operating Income: $15,611.00
  • Operating Expense: $1,154.00
  • Other Expense: $.00
  • Professional Management Expense: $.00
Rental
Rent Information
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping

Property History for 122 East Elliot Road

DateEvent & SourcePriceAppreciation
Sep 10, 2015

Sold

ARMLS #5293110

$165,000
Aug 30, 2015

Pending

ARMLS #5293110

Jul 30, 2015

Sold (Public Record)

Public Record #555700466

$165,000

+62.4% / yr

DateEvent & SourcePrice
09/10/2015

Sold

ARMLS #5293110

$165,000
08/30/2015

Pending

ARMLS #5293110

07/30/2015

Sold (Public Record)

Public Record #555700466

$165,000

+62.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 122 East Elliot Road

Taxable ValueLand-Additions-Total-
Tax Record2025$640 ($53 / month)
Home Facts
Total Finished SqFt1,540 SqFtAbove Grade Finished SqFt1,540 SqFtStories1Lot Size10,000 SqFtStyleDuplexYear Built1960ZoningSF-ACountyMARICOPAAPN304-11-189

Schools near 122 East Elliot Road

This home is within Gilbert Unified District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - 6 to 8
Public - 7 to 12
Rating
School
Distance
Burk Elementary School
PublicPK to 6

Neely Traditional Academy
PublicPK to 6

Mesquite Jr High School
Public6 to 8

Gilbert High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arizona Realty Shop

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. 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. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.