1138 E 2ND Street Mesa, AZ ^$ 765,000

1138 E 2ND Street

^$ 765,000

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1138 E 2ND Street

Mesa, AZ, 85203

^$ 765,000

Studio Baths0.0

Monthly Estimate*

^$ 4,773

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Studio

Multi-Family Home for sale in Mesa, AZ

for $765,000. This home was built in 1973.

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!

Multi-Family Active

Price

^$ 765,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,543

Style

Multiple Dwellings

Year Built

1973

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6861620

Features

General

Sewer Public Sewer

Heating Other See Remarks

Cooling Central Air

Roof Other Built-Up Foam Shake

Zoning MULTI

Construction Materials Wood Frame Painted

Year Built 1973

Electric City Electric

Township 1N

Tax Year 2024

Ownership Fee Simple Fee Simple

Gross Income 55740.0

Community Features Other See Remarks

County Maricopa

Net Operating Income 0.0

Operating Expense 1543.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name SUBURBAN GARDENS 2

Garage Y/N N

Status Active

Directions South on Stapley West on 2nd St

City Mesa

Disclosures Other (See Remarks)

High School District Mesa Unified District

Open Parking Spaces 2.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 1543.0

Fuel Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Mesa Unified District

Tax Lot 32

Senior Community N

Interior

Flooring Carpet Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Carport

Water Source City Franchise

Total Parking 6.0

Number of Buildings 1

Spa N

Lot Dimensions 6897

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1138

* Excluded Features

List By

Professional Real Estate Negotiators

Broker

dale@daleeames.com

Affordability Calculator

$4,901

Per Month

Monthly Principal & Interest: $4,773
Monthly Property Taxes: $129
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mesa, AZ

Average List Price ^$834,962

Percent of Sale Price 9%

About Mesa, AZ

497,111 Population

24% Since 2002

^$51,369 Median Income

36.48 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327115 Elementary School

4327715 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/19/2025	$745,000	-1.32%	Price Down
8/3/2025	$755,000	-2.58%	Price Down
5/5/2025	$775,000		Listed Price

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1138 E 2ND Street, Mesa, AZ, 85203 is a Multi-Family Home for sale at $765,000. 1138 E 2ND Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 85203 which is in Mesa, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/18/2025.

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1138 E 2ND Street

Multi-Family Home for sale in Mesa, AZ

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