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Aircraft model

PIPER PA-23-235

Everything here is true of every aircraft of the type, not of any one aircraft.

The Apache 235: the last and by far the best of the Apaches, with two 235 hp Lycoming O-540s, swept tail surfaces borrowed from the Aztec and a 4,800 lb maximum weight. 119 were built between 1962 and 1964. With 470 horsepower instead of 300 it finally has the single-engine performance the earlier Apaches were criticised for lacking, and it cruises about eighteen knots faster.

Ownership is dominated by having two of everything. The Lycoming engines themselves are simple and well supported; the accessories, the gear system and the sixty-year-old wiring are where the money goes. Corrosion in the wing spar and the nacelle structure is the structural item to inspect. Insurance for a low-time multi-engine pilot is the other real cost and is worth quoting before buying. On a 235 the engines are O-540s rather than O-320s, so the overhaul number roughly doubles against an early Apache -- which is the reason the purchase price gap is smaller than the capability gap.

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What it is

Seats5
Landing geartricycle
Engines2
EngineLycoming O-540-B1A5
Horsepower235 hp
Fuel100LL
Certification basisCAR3
Production start1962
Production end1964
Endorsements requiredcomplex;high-performance;multi-engine

Performance

Cruise speed166 KTAS
Range710 nm
Service ceiling17,200 ft
Climb rate1,450 ft/min
Stall speed (Vso)54 KCAS
Takeoff over 50 ft1,280 ft
Landing over 50 ft1,360 ft

Load and fuel

Seats5
Useful load2,065 lb
Full-fuel payload1,201 lb
Max takeoff weight4,800 lb
Empty weight2,735 lb
Usable fuel144 gal
Fuel burn at cruise26.3 gal/h

Cost of ownership

Price, low$70,000
Price, high$125,000
Prices as of2026
Engine TBO2,000 h
Overhaul cost, low$45,000
Overhaul cost, high$64,000

The fleet and its record

Registered, all time97
Active fleet25
Median year built1963.0
NTSB events, last 10 years0
Fatal events, last 10 years0
Events per 1,000 active, last 10 years0 · thin base (low)1
Personal-flying events per 1,000 active0 · thin base (low)2
Ownership transfers, last 24 months4
Transfers per 100 active16 · thin base (low)3
Airworthiness directives8
Directives, last 5 years0
Rate confidencelow
  1. Events per 1,000 active, last 10 years: per 1,000 active aircraft · base 25 active.
  2. Personal-flying events per 1,000 active: per 1,000 active aircraft · base 25 active.
  3. Transfers per 100 active: per 100 active aircraft · base 25 active.

Peer scores6

Peer classFixed wing multi-engine, piston, 2 engines, 5-6 seats
Accident record—1
Severity—2
Access—3
Support1.8 of 104
Liquidity2.2 of 105
  1. Accident record: class median 28.74 · 56 models in class.
  2. Severity: class median 33.33.
  3. Access: class median 2,812.25.
  4. Support: class median 57.
  5. Liquidity: class median 21.91.
  6. Each of the five categories places the model within its peer class, from 0 (the worst of the class) to 10 (the best): a position among comparable models, not a grade. The overall score is the sum of the categories shown that are scored, out of 10 for each (50 when all five are); it is given only when at least 4 of the five are scored, and it can be set against another model's only when both are in the same peer class and scored on the same categories.
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