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122 W Washington Avenue

Gilbert, AZ 85233

Name: Open House: 12pm-1:30pm
Start: 2025-01-18T12:00:00
End: 2025-01-18T13:30:00
Location: 122 W Washington Avenue

5 beds
3 baths
1,124 sqft
6,500 sqft lot
$355 per sqft
1937 build
– on site

Discover a unique opportunity to own a piece of historic charm in the heart of Downtown Gilbert! This delightful property offers not one, but two homes on the same lot, making it an ideal choice for savvy investors, first-time buyers, or those seeking a multi-generational living arrangement. Main House Features: 3 Bedrooms & 1.5 Bathrooms 1,124 square feet. Cozy yet spacious living areas with character-rich details. A single-car carport for convenient parking. Perfect for a small family or those looking to make this gem their own. Guest House Features: 750 square feet 2 Bedrooms & 1 Bathroom Separate entry and utilities for added privacy and independence. Ideal for rental income, extended family, or a private workspace. Prime Location: Just steps away from Downtown Gilbert's bustling dining, entertainment, and shopping scene. Dual Utility Setup: Both homes are separately metered for electricity and water, offering flexibility and easy management. Shared trash service simplifies maintenance. Investment Opportunity: With both homes tenant-occupied, you can start earning income immediately. Important Notes: The main house features variations in floor levels, adding a touch of character to the layout. This is a rare chance to own a property in one of the most sought-after areas of Gilbert, with endless potential to customize or maintain as an income-generating asset. Current tenants are month to month. All facts and figures are approximate buyer verify MLS information Drive by only do not disturb tenants Don't miss your chance to own this incredible property in the heart of Downtown Gilbert.

Listing courtesy of ARMLS / Grace CRE

Last checked: Checking… • Last updated Jan 15, 2025 •

MLS# 6803694 —

Upcoming Open Houses

Saturday, 1/18
12pm-1:30pm

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The Building

Year Built:

1937
New Construction:

No
Builder Name:

Unknown
Construction Materials:

Stucco, Block
Roof:

Composition
Stories Total:

1
Basement:

false
Basement:

No
Exterior Features:

Storage
Patio And Porch Features:

None
Direction Faces:

None

Interior

Furnished:

None
Interior Features:

Eat-in Kitchen, High Speed Internet
Fireplaces Total:

None
Fireplace:

false
Fireplace Features:

None

Room Dimensions

Living Area:

1124.0
Living Area Units:

None
Living Area Source:

County Assessor

Financial & Terms

Possession:

Close Of Escrow

Location

Latitude:

33.350844
Longitude:

-111.792315
Cross Street:

GILBERT & ELLIOT

The Property

Property Type:

Residential
Property Subtype:

Single Family - Detached
Parcel Number:

302-18-077
Lot Features:

Alley, Desert Front
Lot Size Area:

6500.0
Lot Size Acres:

0.15
Lot Size SqFt:

6,500 Sqft
Lot Size Dimensions:

None
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Land Lease:

false
Fencing:

Chain Link
Horse:

false
Other Structures:

Guest House

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

1144.0
Tax Lot:

13
Tax Map Number:

18.00
Tax Book Number:

302.00
Tax Legal Description:

LACY TR

Beds

Bedrooms Total:

5

Baths

Total Baths:

3.0
Total Baths:

3
Full Baths:

None
Half Baths:

None
Partial Baths:

None
Three Quarter Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None

Heating & Cooling

Heating:

Natural Gas
Heating:

No
Cooling:

No
Cooling:

Both Refrig & Evap

Utilities

Sewer:

Sewer in & Cnctd, Public Sewer
Water Source:

City Water

Appliances

Appliances:

None

Schools

Elementary School:

Gilbert Elementary School
Elementary School District:

Gilbert Unified District
Middle Or Junior School:

Gilbert Classical Academy 7-12
High School:

Gilbert Classical Academy High School
High School District:

Gilbert Unified District

The Community

Subdivision Name:

LACY TRACT BLK 9
Senior Community:

No
Community Features:

Historic District
Historic District:

true
Association:

false
Association Amenities:

None
Association Fee Includes:

No Fees
Pool Private:

false
Pool Features:

None
Spa Features:

None
Pets Allowed:

None

Parking

Parking Total:

None
Garage:

No
Carport Spaces:

1.0
Covered Spaces:

1.0
Parking Features:

Detached

Extra Units

Separate Guest House:

true

Monthly cost estimate

Asking price

$400,000

Expense	Monthly cost
Mortgage	$2,141
Taxes	$95
Insurance	$110
Utilities	$176 See report
Total	$2,522/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
1/11/25 Jan 11, 2025	Listed / Active	ARMLS	$400,000	35.6% (6.3% / YR)
5/16/19 May 16, 2019		ARMLS	$295,000

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This house located in Heritage District, Gilbert, AZ 85233 is currently for sale for $400,000. 122 W Washington Avenue is a 1,124 square foot house with 5 beds and 3 baths that has been on Estately for 4 days. 122 W Washington Avenue is in the Heritage District neighborhood of Gilbert and has a WalkScore® of 83, making it very walkable.

Listing Courtesy of: ARMLS and Grace CRE.

This ARMLS logo indicates a property listed by a real estate brokerage other than Estately, Inc. © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Estately assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This property listing is offered without respect to any protected classes in accordance with the law.

122 W Washington Avenue

Gilbert, AZ 85233