Rare opportunity to own a 4-plex in a desirable area of Chandler. Two 2-bedroom, 1-bath, and two 3-bedroom, 1-bath apartments. Located at the SW corner of Alma School and Ray. Nice cash flow and a great opportunity for future appreciation.
INVESTOR SPECIAL!!! TURN-KEY INVESTMENT! CASHFLOW DAY 1! 8% cap rate. Great 4 plex with two 2 bedroom units and two 3 bedroom units. Tile, ceilings fans, paint, vanity and fixtures. Easy maintenance block building. Close to schools, shopping, restaurants and highway access. Great Chandler location! All Facts and Figures Approximate including MLS info.
ARMLS #5367736
Jan 8, 2016
Sold
$255,000
Dec 3, 2015
Contingent
—
Nov 30, 2015
Listed
$249,900
+7
INVESTOR SPECIAL!!! TURN-KEY INVESTMENT! CASHFLOW DAY 1! 10% cap rate. Great 4 plex with two 2 bedroom units and two 3 bedroom units. Tile, ceilings fans, paint, vanity and fixtures. Easy maintenance block building. Close to schools, shopping, restaurants and highway access. Great Chandler location! All Facts and Figures Approximate including MLS info.
ARMLS #5114386
Sep 5, 2014
Sold
$225,000
Jul 24, 2014
Pending
—
Jul 14, 2014
Relisted
—
Jul 2, 2014
Pending
—
Jun 27, 2014
Relisted
—
Jun 20, 2014
Contingent
—
May 12, 2014
Listed
$239,500
ARMLS #5023586
Dec 3, 2013
Listing Removed
—
Oct 31, 2013
Listed
$299,000
ARMLS #4973206
Oct 25, 2013
Listing Removed
—
Aug 9, 2013
Price Changed
$305,000
Jul 25, 2013
Listed
$319,900
ARMLS #4656695
Nov 29, 2011
Sold
$90,000
Nov 10, 2011
Pending
—
Nov 1, 2011
Relisted
—
Oct 25, 2011
Pending
—
Oct 5, 2011
Listed
$94,900
ARMLS #4505148
Aug 25, 2011
Listing Removed
—
Jun 20, 2011
Listed
—
Dec 22, 2010
Contingent
—
Dec 9, 2010
Listed
$110,000
ARMLS #2726988
Aug 2, 2007
Listing Removed
—
Mar 15, 2007
Listed
$415,000
ARMLS #2034378
Jan 6, 2004
Sold
$215,000
Jan 2, 2004
Listing Removed
—
Sep 15, 2003
Listed
$229,900
Public Records
Dec 11, 1990
Sold
$50,000
Public Records
Jul 17, 1985
Sold
$34,000
Public Records
Jul 17, 1985
Sold
$36,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,553 (+1.6%)
2024
$1,529 (+2.0%)
2023
$1,499 (+3.3%)
2022
$1,452 (−2.7%)
$7,380 + $29,530
$36,910
2021
$1,492 (+0.6%)
$6,790 + $27,190
$33,980
2020
$1,484 (+3.6%)
$6,160 + $24,670
$30,830
2019
$1,432 (+2.9%)
$4,200 + $16,800
$21,000
2018
$1,391 (+6.4%)
$4,200 + $16,800
$21,000
2017
$1,307 (+3.6%)
$3,470 + $13,880
$17,350
2016
$1,262 (+4.2%)
$2,980 + $11,950
$14,930
2015
$1,211 (−0.4%)
$2,920 + $11,690
$14,610
2014
$1,216 (+18.3%)
$2,000 + $8,020
$10,020
2013
$1,028 (+5.6%)
$1,760 + $7,070
$8,830
2012
$973 (−18.3%)
$1,750 + $7,000
$8,750
2011
$1,191 (−20.4%)
$2,290 + $9,180
$11,470
2010
$1,498 (−23.5%)
$3,380 + $13,530
$16,910
2009
$1,958
$4,720 + $18,900
$23,620
Tax history for 847 W Ray Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,553 (+1.6%)
2024
$1,529 (+2.0%)
2023
$1,499 (+3.3%)
2022
$1,452 (−2.7%)
$7,380 + $29,530
$36,910
2021
$1,492 (+0.6%)
$6,790 + $27,190
$33,980
2020
$1,484 (+3.6%)
$6,160 + $24,670
$30,830
2019
$1,432 (+2.9%)
$4,200 + $16,800
$21,000
2018
$1,391 (+6.4%)
$4,200 + $16,800
$21,000
2017
$1,307 (+3.6%)
$3,470 + $13,880
$17,350
2016
$1,262 (+4.2%)
$2,980 + $11,950
$14,930
2015
$1,211 (−0.4%)
$2,920 + $11,690
$14,610
2014
$1,216 (+18.3%)
$2,000 + $8,020
$10,020
2013
$1,028 (+5.6%)
$1,760 + $7,070
$8,830
2012
$973 (−18.3%)
$1,750 + $7,000
$8,750
2011
$1,191 (−20.4%)
$2,290 + $9,180
$11,470
2010
$1,498 (−23.5%)
$3,380 + $13,530
$16,910
2009
$1,958
$4,720 + $18,900
$23,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
6,551 Sq. Ft.
Year renovated
1988
Sq. Ft.
3,344
Year built
1988
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
30249216
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 7, 2026.
MF-2
Multiple-Family Residential District
This district is intended to provide a diversity of dwelling units at an appropriate density which will enable Chandler to offer a balanced housing market. By use permit, certain nonresidential uses and other support facilities will be permitted.