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1138 N DRESDEN Circle Mesa, AZ $ 629,000
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$ 629,000 Get more info
1138 N DRESDEN Circle
$ 629,000
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Share Save

1138 N DRESDEN Circle

Mesa, AZ, 85203
$ 629,000
Baths0.0

Monthly Estimate*

$ 3,924

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Studio

Multi-Family Home for sale in Mesa, AZ

for $629,000. This home was built in 1972.

TURN-KEY: Mesa triplex with three separate addresses and garages—a rare setup. Unit 1: updated 1/1 with long-term HOME INC voucher tenant (guaranteed rent 1127 + $411/mo tenant), landlord-paid utilities, and private 1-car garage. Unit 2: 1/1 with 2-car garage; 7-year tenant at $1,250/mo—can be re-rented at $1250 prior to COE. Unit 3: 2/1 at $1,500/mo with private yard and carport. Property includes coin-op laundry, workshop-size storage, and an RV gate with rentable RV parking space. Expansion potential for a studio/4th unit. Cul-de-sac lot near light rail/freeways with alley access. HVAC units professional maintained, roof partial and full replacements already done. 2/3 units remodeled. Private alley for tenants. BUILDING QUALIFIES FOR FHA, LIVE IN ONE UNIT AND RENT THE OTHER TWO!

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Multi-Family Active

Price

$ 629,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,055

Style

Multiple Dwellings

Year Built

1972

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6948740
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition Metal
Zoning Multii-Family
Construction Materials Wood Frame Painted Stucco Block
Year Built 1972
Electric Other (See Remarks) City Electric Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 52470.0
Community Features Other See Remarks Play Area No Pool
County Maricopa
Net Operating Income 41800.0
Operating Expense 4237.31
Insurance Expense 898.45
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name TURCO TERRACE
Garage Y/N Y
Status Active
Directions South on Mesa Dr EAST on Brown NORTH on Dresden.
High School Westwood High School
City Mesa
Disclosures Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 3.0
Number Of Units Total 3
Carport Y/N N
Elementary School Kerr Center for Agriscience
Tax Annual Amount 1055.0
Electric Expense 1147.56
Fuel Expense 0.0
Middle/Junior High School Kino Junior High School
Trash Expense 348.41
Water Sewer Expense 787.89
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Mesa Unified District
Tax Lot 11
Cap Rate 6.54
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Carpet Ceramic Tile Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features RV Access/Parking Free Assigned Add'l Parking Avail Garage Door Opener <1 Space Per Unit Carport
Water Source Master Meter City Franchise
Total Parking 7.0
Number of Buildings 1
Spa N
Lot Dimensions Irregular
Covered Spaces 4.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1138
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* Excluded Features
List By
Real Broker

Broker

ej@ephremjando.com

Email

Affordability Calculator

$4,012
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,924
Monthly Property Taxes
$88
Monthly Home Insurance
--
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
4895090 Elementary School
4327595 Middle School
Westwood High School High School
See complete school information
Pricing History
Date Price Price Change Description
12/5/2025 $629,000 -1.56% Price Down
11/26/2025 $639,000 -1.54% Price Down
11/18/2025 $649,000 Listed Price

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1138 N DRESDEN Circle, Mesa, AZ, 85203 is a Multi-Family Home for sale at $629,000. 1138 N DRESDEN Circle is a studio with 0.0 baths and was built in 1972. The property's zip code is 85203 which is in Mesa, AZ

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