730 W PEPPER Place
Mesa, AZ, 85201 $ 235,000
Baths0.0 Monthly Estimate*
$ 1,466
Studio for $235,000. This home was built in 1945.
**Cash Offers Only** Welcome to 730 W Pepper Place, a rare investment opportunity in one of Mesa's most established neighborhoods! This charming triplex blends vintage character with excellent income-producing potential, offering three separate one-bedroom, one-bath units across a spacious lot framed by mature trees and traditional block construction. With no HOA restrictions and plenty of room to enhance or expand, this property is the perfect canvas for investors eager to maximize returns. Each unit features a comfortable layout with a living room, kitchen, and private bedroom and bathroom, making them ideal for steady rental income. Over the years, the property has benefited from improvements such as roof work and sewer line repairs, and it is fully serviced by city utilities for water, sewer, and gas. Set on a 7,405-square-foot lot, the property offers privacy, ample parking, and space for future upgrades. Its location adds even more appeal, with Downtown Mesa's vibrant mix of dining, shopping, and cultural venues just minutes away, as well as convenient light rail and freeway access. Nearby schools and parks further strengthen its long-term rental demand. Whether you are a seasoned investor seeking to expand your portfolio or someone eager to restore a piece of Mesa history, 730 W Pepper Place provides the foundation for long-term value. With strong neighborhood appeal, and untapped potential, this triplex is your chance to own a classic Mesa property with endless opportunity. Unit #1 is vacant, was previously rented for $250 per month, and the tenant took care of maintenance. Unit #2 is vacant, was previously rented for $750 per month. Unit #3 is vacant, was previously rented for $725 per month. Each of the 3 units has its own electric meter. There is 1 water meter for the whole property.
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FeaturesGeneralSewer Public Sewer
Heating Individual Window/Wall Unit(s)
Cooling Window/Wall Unit Individual
Roof Foam
Zoning RES
Construction Materials Wood Frame Stucco
Year Built 1945
Electric City Electric
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 20700.0
Community Features No Pool
County Maricopa
Net Operating Income 5217.0
Operating Expense 6487.0
Insurance Expense 1845.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 300.0
Garage Y/N N
Status Active
Directions North on Extension right/east on Pepper PL to the property.
High School Westwood High School
City Mesa
Disclosures Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 5.0
Number Of Units Total 3
Carport Y/N N
Elementary School Emerson Elementary School
Tax Annual Amount 733.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 3609.0
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 Vacant
Elementary School District Mesa Unified District
Tax Lot Meets & Bounds
Cap Rate 2.22
Senior Community N
New Financing: Cash True
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InteriorFlooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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ExteriorParking Features >1 Space Per Unit
Water Source Master Meter
Total Parking 5.0
Number of Buildings 1
Spa N
Lot Dimensions 7405
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Byinfo@josiahmiller.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,466
- Monthly Property Taxes
- $61
- 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.
Learn more about how to save NearbyMulti-family listings in Mesa, AZ
Average List Price $901,886
Percent of Sale Price 284%
About Mesa, AZ 497,111 Population
24% Since 2002
$ 51,369 Median Income
36.48 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327578 Elementary School
4327715 Middle School
Westwood High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/3/2026 | $235,000 | | Listed Price |