750 E 1ST Avenue Mesa, AZ ^$ 2,400,000

750 E 1ST Avenue

^$ 2,400,000

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Recently Listed

750 E 1ST Avenue

Mesa, AZ, 85204

^$ 2,400,000

Studio Baths0.0

Monthly Estimate*

^$ 14,777

750 E 1ST Avenue, Mesa, AZ 85204 - Image 1

750 E 1ST Avenue, Mesa, AZ 85204 - Image 2

750 E 1ST Avenue, Mesa, AZ 85204 - Image 3

750 E 1ST Avenue, Mesa, AZ 85204 - Image 4

750 E 1ST Avenue, Mesa, AZ 85204 - Image 5

750 E 1ST Avenue, Mesa, AZ 85204 - Image 6

750 E 1ST Avenue, Mesa, AZ 85204 - Image 7

Studio

Multi-Family Home for sale in Mesa, AZ

for $2,400,000. This home was built in 1978.

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.

Multi-Family Active

Price

^$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 298

Style

Multiple Dwellings

Year Built

1978

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6989123

Features

General

Sewer Public Sewer

Heating Individual Electric

Cooling Central Air Ceiling Fan(s) Electric Individual

Roof Composition Foam

Zoning MF or FBC T4

Security Features Security Light(s)

Construction Materials Painted Stucco Block

Year Built 1978

Electric SRP

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 193800.0

Community Features No Pool

County Maricopa

Net Operating Income 142800.0

Operating Expense 298.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name CHULA VISTA AMD

Garage Y/N N

Status Active

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

City Mesa

Disclosures None

High School District Mesa Unified District

Open Parking Spaces 22.0

Number Of Units Total 16

Carport Y/N N

Tax Annual Amount 298.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Mesa Unified District

Tax Lot 10

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Tile

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source City Franchise

Total Parking 22.0

Number of Buildings 2

Spa N

Lot Dimensions IRR

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 750

* Excluded Features

List By

Orion Investment Real Estate

Broker

jackson.everhart@orionprop.com

Affordability Calculator

$14,802

Per Month

Monthly Principal & Interest: $14,777
Monthly Property Taxes: $25
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Mesa, AZ

Average List Price ^$1,112,671

Percent of Sale Price 54%

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
2/25/2026	$2,400,000		Listed Price

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750 E 1ST Avenue, Mesa, AZ, 85204 is a Multi-Family Home for sale at $2,400,000. 750 E 1ST Avenue is a studio with 0.0 baths and was built in 1978. The property's zip code is 85204 which is in Mesa, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 2/26/2026.

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750 E 1ST Avenue

Multi-Family Home for sale in Mesa, AZ

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