$488,000
- 5 Beds
- 2 Baths
122 W WASHINGTON Avenue, Gilbert, AZ 85233
Est. Refi. Payment $2,837/mo*
Refinance Your HomeCurrently Off Market - Sold Mar 4, 2025 for $430,000
Home Value
Trulia Estimate
$488KSince last month
Increased$16K (+3.2%)Since last year
Increased$85K (+20.4%)Since last sale
Increased$73K (+17%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +161% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $503K |
| August 2026 | $497K |
| July 2026 | $487K |
| June 2026 | $496K |
| May 2026 | $499K |
| April 2026 | $509K |
| March 2026 | $510K |
| February 2026 | $530K |
| January 2026 | $514K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.44 | Multi-Family Home | $1,000,000 | 04/17/26 | 12 | 10 | 8,350 | |
1.14 | Multi-Family Home | $327,000 | 08/27/26 | 2 | 1 | 1,116 | |
2.64 | Multi-Family Home | $367,500 | 07/06/26 | 3 | 2 | 1,388 | |
2.65 | Multi-Family Home | $335,000 | 03/31/26 | 3 | 2 | 1,118 | |
3.29 | Multi-Family Home | $475,000 | 09/26/25 | 3 | 3 | 1,968 | |
3.52 | Multi-Family Home | $429,900 | 03/17/26 | 3 | 2 | 1,145 | |
3.56 | Multi-Family Home | $400,000 | 02/18/26 | 3 | 2 | 1,145 | |
3.59 | Multi-Family Home | $533,000 | 10/17/25 | 4 | 1 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $399,000 | 3 | 1 | 940 | Recently Sold | |
0.05 | $480,100 | 3 | 2 | 940 | Off Market | |
0.05 | $193,000 | - | - | - | For Sale | |
0.04 | $327,800 | 4 | 1 | 880 | Off Market | |
0.03 | $345,000 | 2 | 1 | 662 | Recently Sold | |
0.04 | $383,900 | 2 | 2 | 824 | Off Market | |
0.06 | - | - | - | - | Off Market | |
0.07 | $450,000 | 2 | 1 | 844 | Recently Sold | |
0.10 | $115,000 | - | - | - | Recently Sold | |
0.11 | - | - | - | - | Off Market | |
0.11 | $400,000 | 2 | 2 | 1,757 | Recently Sold |
Local Information
-- mins to
Home Highlights
Multi-Family
Built in 1937
4 Open Spaces
About this House
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. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroom
Zoned single family one meter shares utilities costs between houses one meter for water and sewer and trash
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.
Attention tenants are month to month $900-$1100. 2 electric meters (only 1 turned on), 1 gas meter for front unit (back unit has no gas), 1 water meter
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. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroom
Zoned single family one meter shares utilities costs between houses one meter for water and sewer and trash
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.
Attention tenants are month to month $900-$1100. 2 electric meters (only 1 turned on), 1 gas meter for front unit (back unit has no gas), 1 water meter
122 W WASHINGTON Avenue, Gilbert, AZ 85233 is a 5 bedroom, 2 bathroom multi-family in Lacy, built in 1937. It last sold for $430,000 on Mar 4, 2025 (1% above the $425,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $488,000, with a rent estimate of $2,128/month.
Last check for updates: about 14 hours ago
Listed by Sophia J Willets, (561) 269-9525
Grace CRE
Garrett Pedicini, (602) 791-9497
Grace CRE
Bought with: Hannah Hammond, (480) 490-3269, The Firm RE
Source: ARMLS, MLS#6804854

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Home Details for 122 W WASHINGTON Avenue
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 2 |
Appliances & Utilities Appliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: Electric,Natural GasHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric |
Gas & Electric Electric: SRPHas Electric on Property |
Windows, Doors, Floors & Walls Flooring: Ceramic Tile |
Levels, Entrance, & Accessibility Floors: Ceramic Tile |
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Exterior Home Features Roof: Composition |
Parking & Garage Open Parking Spaces: 4Has a CarportNo GarageHas Open ParkingParking Spaces: 4Parking: Carport |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 38 |
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Year Built Year Built: 1937 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Painted, Block |
Property Information Parcel Number: 30218077 |
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Price List Price: $425,000 |
Status Change & Dates Off Market Date: Fri Feb 21 2025 |
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MLS Status: Closed |
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Direction & Address City: GilbertCommunity: LACY TRACT BLK 9 |
School Information Elementary School District: Gilbert Unified DistrictHigh School District: Gilbert Unified District |
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Community Features: No Pool |
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Listing Terms: Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Owner Pays: Water, Sewer |
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Mls Number: 6804854 |
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No Pool |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 4, 2025 Source: ARMLS #6804854 | Sold | $430,000 |
Feb 21, 2025 Source: ARMLS #6803694 | Pending | $425,000 |
Feb 1, 2025 Source: ARMLS #6803694 | PriceChange | $425,000 Price increased by 6% |
Jan 11, 2025 Source: ARMLS #6803694 | Listed For Sale | $400,000 |
May 16, 2019 Source: N/A | Sold | $295,000 |
May 9, 2019 Source: Agent Provided | Pending | $289,900 |
Mar 30, 2019 Source: Agent Provided | Listed For Sale | $289,900 |
Nov 13, 2017 Source: Agent Provided | ListingRemoved | $289,900 |
Oct 6, 2017 Source: Agent Provided | PriceChange | $289,900 Price decreased by 3% |
Jul 18, 2017 Source: Agent Provided | PendingToActive | $299,900 |
Jul 5, 2017 Source: Agent Provided | Pending | $299,900 |
Jul 1, 2017 Source: Agent Provided | PriceChange | $299,900 Price decreased by 14% |
Jun 20, 2017 Source: Agent Provided | Listed For Sale | $350,000 |
Jul 22, 2003 Source: N/A | Sold | $117,000 |
Apr 1, 2003 Source: N/A | Sold | $113,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,429 | $404,000 |
Home facts updated by county records
Market trends in Gilbert
Last updated August 2026
Avg. sale price
$575K
$1.5KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$279
$0MoM
Available listings
1109
4MoM
Around this home
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

Frequently asked questions about 122 W WASHINGTON Avenue
- What is 122 W WASHINGTON Avenue estimated to be worth?Trulia's estimated value for 122 W WASHINGTON Avenue in Gilbert, AZ is $488,000.
- What is the price history for 122 W WASHINGTON Avenue?122 W WASHINGTON Avenue in Gilbert, AZ last sold for $430,000 in March 2025.
- Is Gilbert a buyer's or seller's market?Gilbert is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Gilbert?The median sale price in Gilbert is $575K. That is up $1.5K from the prior month.
- Does 122 W WASHINGTON Avenue have air conditioning?Yes, 122 W WASHINGTON Avenue in Gilbert, AZ has air conditioning.
- Does 122 W WASHINGTON Avenue have parking?Yes, 122 W WASHINGTON Avenue in Gilbert, AZ has on-site parking.

