202 E 2ND Avenue Mesa, AZ $ 1,700,000
202 E 2ND Avenue
$ 1,700,000
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202 E 2ND Avenue

Mesa, AZ, 85210
$ 1,700,000
Baths0.0

Monthly Estimate*

$ 10,467

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Studio

Multi-Family Home for sale in Mesa, AZ

for $1,700,000. This home was built in 1925.

5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.

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Multi-Family Active

Price

$ 1,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,064

Style

Multiple Dwellings

Year Built

1925

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6964033

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Individual Electric
Cooling Central Air Window/Wall Unit Electric Individual
Roof See Remarks Foam
Zoning MULTI
Construction Materials Wood Frame Painted Stucco
Year Built 1925
Electric SRP City Electric
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 142008.0
Community Features No Pool
County Maricopa
Net Operating Income 112708.0
Operating Expense 17864.0
Insurance Expense 4500.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 2000.0
Subdivision Name Mesa Arizona
Garage Y/N N
Status Active
Directions Main & Center South to 2nd Ave and East to Property
High School Westwood High School
City Mesa
Disclosures None Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 10.0
Number Of Units Total 10
Carport Y/N N
Elementary School Edison Elementary School
Tax Annual Amount 2064.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Kino Junior High School
Trash Expense 1000.0
Water Sewer Expense 6500.0
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 2
Cap Rate 6.63
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Free >1 Space Per Unit On Street
Water Source City Franchise
Total Parking 10.0
Number of Buildings 5
Spa N
Lot Dimensions ALMOST AN
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Better Homes & Gardens Real Estate Sj Fowler

Broker

sjfowler@sjfowler.com

Email

Affordability Calculator

$10,639
Per Month
98%
2%
0%
Monthly Principal & Interest
$10,467
Monthly Property Taxes
$172
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327994 Elementary School
4327595 Middle School
Westwood High School High School
Pricing History
DatePricePrice ChangeDescription
1/6/2026$1,700,000 Listed Price

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202 E 2ND Avenue, Mesa, AZ, 85210 is a Multi-Family Home for sale at $1,700,000. 202 E 2ND Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 85210 which is in Mesa, AZ