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Sold on 10/18/2025

161 E 2nd Ave, Mesa, AZ 85210

  • $624,575

    Last sold 10/18/2025 after 37 Days

  • 4

    bed

  • 4

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 161 E 2nd Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Rental estimate
Property description
This well-maintained 4-unit property offers an excellent income-producing opportunity in a desirable location. The building received a new roof and fresh exterior paint in 2020, adding long-term value and curb appeal. Unit 2 was upgraded with a brand-new AC system in 2025, and Unit 3 features a partial kitchen and bathroom renovation. All units are currently tenant-occupied, providing immediate rental income. Additional conveniences include two sets of newer front-loading washer and dryer units. Each apartment is thoughtfully designed for comfort and functionality.
Listed by
Listing Agent - Amanda Lynch
Listing Office - West USA Realty
Source: ARMLS mls logo
MLS#6918265 • last updated 7 months ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 6918265
Type Multiple Dwellings
Status Closed
Property Tax 1520
Year Built 1958
Interior
Flooring Ceramic Tile, Concrete
Appliances Built-In Range, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision MESA ARIZONA
Community Features Other
Elementary School Lowell Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Mesa High School
APN 138-48-021
Zoning 0304-4
Directions Mesa Dr. And Broadway. North To 2nd Ave. West Past Hibbert, 2nd Property On The Left. Drive By Only Units Have Tenants.
Multifamily Details
Total # of Units 4
Expense: Operating 8727
Financial Data Source Owner
Expense: Maintenance 224
Vacancy Allowance 0.03
Expense: Insurance 2751
Net Operating Income 37900
Gross Income 44034.12
Expense: Electric 825
Expense: Professional Management 586
Expense: Water/Sewer 1058
Gross Scheduled Income 45396
Expense: Gardener 1000
We are not permitted to show value estimates for this property.
  • Oct 2025
    mls logo MLS # 6918265
  • Oct 18, 2025 Sold
    $624,575 (-0.9%)
  • Oct 15, 2025 Active
    —
  • Oct 15, 2025 Sold
    $630,000 (-2.9%)
  • Sep 23, 2025 Active
    —
  • Sep 11, 2025 Listed
    $649,000 (-13.5%)
  • Feb 2025
    mls logo MLS # 6827760
  • Feb 28, 2025 Listed
    $750,000
  • 161 E 2nd Ave
    $624K
  • Downtown Mesa
    $442K +25% y/y
  • 85210
    $338K -3% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
3/10
Lowell 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
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
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  • 161 E 2nd Ave
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