Movoto Real Estate
Sold on 08/18/2026
  • Exterior
  • Other
  • Entry Way
  • Bath
  • Kitchen
  • Dining
  • Living
  • Bedroom

536 N Hall --, Mesa, AZ 85203

$530,000

Last sold 08/18/2026 after 45 Days

  • 9

    bed

  • 5

    bath

Multi-family not for sale

About 536 N Hall --

Property type Multi-family
Neighborhood
Year built 1971
HOA fee $0/month
Property description
Turn-Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex sits in the established Ko Ko Palms neighborhood, built in 1971 and cash-flowing for decades, the kind of long-held, low-turnover asset that's hard to find on the market. Two of the three units carry long-term tenants who've called this property home for over a decade, and the third unit is now vacant, giving a new owner the rare chance to step in and set a fresh, market-rate lease from day one. All three units are 2 bedroom, 1 bath with separate meters for electricity, gas, and trash. Tenants cover their own utilities, keeping operating costs lean for ownership. Unit A (the largest of the three) is home to a 14-year tenant at $1,200/mo, with two covered parking spots side by side in the rear, a private front yard and a large storage unit with washer/dryer hookups. Unit B has been home to a 10-year tenant at $1,100/mo, with one covered parking spot in the rear and two storage units, one with washer/dryer hookups. Unit C is now vacant and move-in ready. Covered parking in the rear ,two storage units, one with washer/dryer hookups, positioned for a new owner to bring in a tenant at today's market rent and boost the property's overall return right out of the gate. Ownership responsibilities are refreshingly simple: landlord covers water only (approx. $150/mo) and a monthly landscaper ($100/mo). Everything else is on the tenants. With two proven, long-term income streams already in place and one unit primed for upside, this is a rare combination of stability and immediate value-add potential in a proven Mesa location. Don't miss it!
Listed by
Listing Agent - Nathan Cannon
Listing Office - Limitless Real Estate
Source: ARMLS mls logo
MLS#7050097 • last updated 2 months ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Central Air
Heating Central
MLS # 7050097
Type Multiple Dwellings
Status Closed
Property Tax 1301
Year Built 1971
Interior
Flooring Tile
Appliances Free-Standing Range
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit, On Street
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision KO KO PALMS 2 LOTS 34-76
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 137-37-067-B
Zoning M-H
Directions W To Hall St, Then N To Property
Multifamily Details
Total # of Units 3
Expense: Operating 5896
Financial Data Source Owner
Vacancy Allowance 0.03
Expense: Insurance 1595
Net Operating Income 37250
Gross Income 41845.8
Expense: Water/Sewer 1800
Gross Scheduled Income 43140
Expense: Gardener 1200
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Aug 2026
    mls logo MLS # 7050097
  • Aug 18, 2026 Sold
    $530,000 (-6.9%)
  • Jul 27, 2026 Active
    —
  • Jul 4, 2026 Listed
    $569,000
  • Feb 2026
    mls logo MLS # 6935831
  • Feb 4, 2026 Price Change
    $569,000 (-4.4%)
  • Nov 20, 2025 Listed
    —
  • Nov 18, 2025 Pending
    —
  • Nov 14, 2025 Listed
    —
  • Nov 9, 2025 Pending
    —
  • Oct 19, 2025 Listed
    $595,000 (+260.6%)
  • Jun 2001
    Public Records
  • Jun 28, 2001 Sold
    $165,000
  • Year Property taxes Tax assessment
  • 2025
    $1,301 +0.5%
    $54,970 +4.8%
  • 2024
    $1,295 +12.8%
    $52,450
  • 2022
    $1,147 -2.1%
    $52,450 +66.51%
  • 2021
    $1,172 +1.3%
    $31,500 +19.77%
  • 2020
    $1,157 +7.6%
    $26,300 +9.31%
  • 2019
    $1,075 +4.5%
    $24,060 +47.34%
  • 2018
    $1,028 +3.2%
    $16,330 +14.92%
  • 2017
    $997 +1.9%
    $14,210 +10.76%
  • 2016
    $978 +6.1%
    $12,830
  • 2015
    $922
    —
  • 536 N Hall --
    $530K
  • East Mesa
    $499K
  • 85203
    $530K +7% y/y
  • Mesa
    $475K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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