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1138 E 2nd St, Mesa, AZ 85203

  • $765,000

  • 8

    bed

  • 4

    bath

Multi-family for sale 402 days
$25K price drop
24 homes bought nearby with Movoto recently

About 1138 E 2nd St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Property description
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!
Listed by
Listing Agent - Dale Eames
Listing Office - Professional Real Estate Negotiators
Source: ARMLS mls logo
MLS#6861620 • last updated 2 weeks ago
Movoto checked ARMLS for data 1 hour ago
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Overview
Cooling/AC Central Air
Heating Other, See Remarks
MLS # 6861620
Type Multiple Dwellings
Status Active
Property Tax 1543
Year Built 1973
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Microwave
Exterior
Roof Other, Built-Up, Foam, Shake
Construction Wood Frame, Painted
Parking Carport
# of Open Parking Spaces 2
# of Covered Spaces 4
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision SUBURBAN GARDENS 2
Community Features Other, See Remarks
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 138-20-103
Zoning MULTI
Directions South On Stapley, West On 2nd St
Multifamily Details
Total # of Units 4
Expense: Operating 1543
Financial Data Source Projected Proforma
Gross Income 55740
Gross Scheduled Income 53640
Lot/ Land Details
Road Surface Concrete, Asphalt
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2/10
Edison Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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62/100
Walk
92/100
Family
85/100
Dining
95/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Mesa
  • 85203
  • Fraser
  • 1138 E 2nd St

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