165 E LEXINGTON Avenue, Gilbert, AZ 85234

$635,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,106 Lot Size (sq. ft.): 1,500 Status: Active
Current Price: $635,000 Last Modified: 8/14/2026

Overview

Description

Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.

Listing Details MLS# 7066549

Location, Tax & Legal

House Number
165
Compass
E
Street Name
LEXINGTON
St Suffix
Avenue
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85234
Country
US
County Code
Maricopa
Assessor Number
304-15-891
Subdivision
ASPIRE AT HERITAGE DISTRICT
Tax Year
2025

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
3
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
2106
Price/SqFt
301.52
Horses
N
Model
ALBRIGHT
Builder Name
Aspire Builders
Year Built
2021
Approx Lot SqFt
1500
Approx Lot Acres
0.034
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Gilbert Unified District
High School District
Gilbert Unified District
Elementary School
Neely Traditional Academy
Jr. High School
Mesquite Jr High School
High School
Gilbert High School

Remarks Misc

Cross Street
GILBERT/ELLIOTT
Directions
DOWNTOWN GILBERT HERITAGE DISTRICT, TURN EAST ON VAUGHN (AT OHSO/CULINARY) TO END OF THE STREET.

Legal Info

Township
1S
Range
6E
Section
7
Lot Number
3

Basement

Basement Y/N
N

More Information

Parking Spaces

Garage Spaces
2
Total Covered Spaces
2

Showing Notification Methods

Showing Service
Aligned Showings

DPR Eligible

DPR Eligible
Yes

Property Features

Special Listing Cond: N/A Architecture: Contemporary Building Style: String Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Flooring: Carpet; Tile Window Features: Dual Pane; Low-Emissivity Windows; Vinyl Frame Community Pool Features: Outdoor Spa: None Community Features: Biking/Walking Path; Gated; Near Bus Stop Dining Area: Breakfast Bar; Breakfast Room Kitchen Features: Electric Cooktop; Dishwasher; Refrigerator; Pantry; Granite Counters; Kitchen Island Laundry: Washer Hookup; Upstairs Laundry Other Rooms: Loft Technology: High Speed Internet Exterior Features: Patio Parking Features: Direct Access; Garage Door Opener Road Responsibility: Private Maintained Road Construction: Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Built-Up Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: None Property Description: North/South Exposure Landscaping: Desert Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Possession: Close of Escrow Unit Style: Two Levels; Two Common Walls Association Fee Incl: Exterior Mnt of Unit; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; FHA; Conventional Disclosures: Other (See Remarks)
IDX
Listing Office: Four Peaks Property Management LLC
Office Phone: 480-203-4348
Office Email: alisascofield14@gmail.com
Last Updated: August - 14 - 2026
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