823 W Ray Rd, Chandler, AZ 85225

Multifamily · Chandler · Phoenix metro, AZ

One of 442 reachable multifamily buildings in Chandler. Larger than 52% of multifamily buildings in Chandler (median 3,142 SF), derived from assessor records.

County gross building area
3,164 SF, Maricopa County Assessor
Lot size
6,253 SF, Maricopa County Assessor
Year built
2015, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Predominant use
Fourplex - 1 Fourplex Building, Maricopa County Assessor
Assessed value
$757,100, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$239.29/SF, derived from assessor records
Building area / lot
0.51, derived from assessor records
Vintage
2010s vintage
County use code
FOURPLEX - 1 FOURPLEX BUILDING

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $955K (estimated market value), with a likely range of $763K to $1.13M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $757,100 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (multifamily sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 15 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 15 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Chandler

median verified sale $299.04/SF over the trailing 24 months; median $325,373 per unit; 14 sales in the last 12 months and 25 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 1.23x to 1.65x their county full cash value, median 1.37x (25 sales with usable county values).

  • 2022: $344.70/SF median (7 sales)
  • 2023: $248.97/SF median (4 sales)
  • 2024: $299.04/SF median (10 sales)
  • 2025: $293.76/SF median (14 sales)

This estimate sits at 1.26x county full cash value, the 28th percentile of those recent sale premiums.

Computed from 134 verified arm's-length sales in Maricopa County public records (25 in the trailing 24 months). Free public records. Not an appraisal.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$500K$1M$1.5M20262027$955K$757KCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls.

Land, site, and value history

Assessed value moved from $775,100 (2026) to $757,100 (2027), down 2% over 1 years, per county tax rolls. The 2027 roll splits $757,100 into $151,400 land and $605,700 improvements.