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Sold on 07/22/2026
  • Other
  • Exterior
  • Living
  • Kitchen
  • Bath
  • View/Area

750 E 1st Ave, Mesa, AZ 85204

  • $2,000,000

    Last sold 07/22/2026 after 148 Days

  • 8

    bed

  • 8

    bath

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

About 750 E 1st Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Property description
750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.
Listed by
Listing Agent - Jackson Everhart
Listing Office - Orion Investment Real Estate
Source: ARMLS mls logo
MLS#6989123 • last updated 2 days ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Individual
Heating Individual, Electric
MLS # 6989123
Type Multiple Dwellings
Status Closed
Property Tax 298
Year Built 1978
Interior
Flooring Tile
Appliances Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer
Exterior
Roof Composition, Foam
Construction Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 22
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision CHULA VISTA AMD
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 138-28-079
Zoning MF Or FBC T4
Directions Head West On Mesa's New Main Street To Horne, South On Horne And The Property Is On The North West Corner Of Horne And 1st AVE
Multifamily Details
Total # of Units 16
Expense: Operating 298
Financial Data Source Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 142800
Gross Income 193800
Gross Scheduled Income 204000
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jul 2026
    mls logo MLS # 6989123
  • Jul 22, 2026 Sold
    $2,000,000 (-16.7%)
  • May 19, 2026 Active
    —
  • Feb 24, 2026 Listed
    $2,400,000 (-9.4%)
  • Mar 2025
    mls logo MLS # 6775230
  • Mar 5, 2025 Price Change
    $2,650,000 (-8.6%)
  • Feb 12, 2025 Price Change
    $2,899,000 (-3.3%)
  • Nov 27, 2024 Price Change
    $2,999,000 (-3.2%)
  • Oct 24, 2024 Listed
    $3,099,000 (+14.8%)
  • Apr 2022
    mls logo MLS # 6350374
  • Apr 6, 2022 Sold
    —
  • Apr 2, 2022 Pending
    —
  • Apr 2, 2022 Listed
    —
  • Apr 1, 2022 Sold
    $2,700,000 (-1.8%)
  • Mar 20, 2022 Pending
    —
  • Mar 17, 2022 Sold
    $2,750,000
  • Feb 3, 2022 Listed
    $2,750,000 (+409.3%)
  • Apr 2022
    Public Records
  • Apr 5, 2022 Sold
    $2,700,000
  • Apr 2014
    mls logo MLS # 5008224
  • Apr 23, 2014 Sold
    $540,000 (+0.2%)
  • Oct 2, 2013 Listed
    $539,000 (-18.9%)
  • Aug 2005
    Public Records
  • Aug 12, 2005 Sold
    $665,000
  • 750 E 1st Ave
    $2M
  • Fraser
    $479K +3% y/y
  • 85204
    $419K +2% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lowell 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
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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