Ray Road is a four-unit apartment community located in Central Chandler with immediate access to Downtown Chandler, Anderson Springs, and Chandler Fashion Center. Developed in 1980, the property is comprised of spacious two-bedroom floorplans - 100% of which have existing washer/ dryer units in-suite. The community spaces have undergone renovations which include new exterior paint and accents, landscaping and dual-pane windows. Future ownership will have the opportunity to execute interior renovations in order to achieve a suggested $150 monthly renovation premium.
New Investment listing in the heart of Chandler! With the massive growth of downtown chandler such as chandler square, including the newly approved opportunity zone, you can own in an A location. This building is a four plex, block construction, all 2 bedroom, 1 bath units that are 875 sq ft, and individually metered. Owner has done plenty of improvements and uses a successful Mgt company to keep things running smooth. These multi-family buildings are a fantastic investment for a steady return with long term location advantages.
ARMLS #5647489
Sep 20, 2017
Sold
$299,000
Sep 13, 2017
Pending
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Sep 12, 2017
Sold
$299,000
Sep 5, 2017
Pending
—
Aug 25, 2017
Contingent
—
Aug 16, 2017
Listed
$299,000
+17
Excellent investment opportunity close to downtown Chandler! Owner has maintained this property. It is in as-is condition, this slump block fourplex building has, 2 bedroom 1 bath identical units. Clean common area in great condition. Stable tenants in all 4 units, with current rents of around $600 per unit. Owner pays water, sewer, and trash. No HOA. Tenant pays electricity. This property is very centrally located, close to the 202, 101, and 60 freeways. A rare opportunity to find a great fourplex in Chandler, and owner is motivated to sell! Inquire now!
ARMLS #4189159
Sep 18, 2009
Sold
$81,250
Sep 2, 2009
Listing Removed
—
Jun 11, 2009
Listed
$89,900
ARMLS #4093607
Jun 12, 2009
Listing Removed
—
Dec 5, 2008
Listed
$129,977
ARMLS #2880867
Nov 8, 2008
Listing Removed
—
Nov 10, 2007
Listed
$279,900
ARMLS #2549871
Sep 2, 2006
Listing Removed
—
Jun 7, 2006
Listed
$425,000
ARMLS #2242550
Jan 30, 2005
Sold
$245,000
Dec 28, 2004
Listing Removed
—
Dec 15, 2004
Listed
$235,000
ARMLS #1913871
Jun 1, 2003
Sold
$219,000
Apr 11, 2003
Listing Removed
—
Dec 22, 2002
Listed
$224,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Year renovated
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Year built
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Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
302-49-220
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Last updated by owner on Oct 5, 2025.
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.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Property details
Parking
Parking Information
Parking Total: 4
Open Parking Spaces: 4
Parking Features: Other, >1 Space Per Unit, 1 Space/Unit