816 N REVERE -- Mesa, AZ $ 850,000
816 N REVERE --
$ 850,000
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816 N REVERE --

Mesa, AZ, 85201
$ 850,000
Baths0.0

Monthly Estimate*

$ 5,234

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Studio

Multi-Family Home for sale in Mesa, AZ

for $850,000. This home was built in 1984.

Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.

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Multi-Family Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,463

Style

Multiple Dwellings

Year Built

1984

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7002414

Features
General
Sewer Public Sewer
Heating Individual Heat Pump
Cooling Central Air Individual
Roof Other Tile
Zoning M-H
Construction Materials Other Stucco
Year Built 1984
Electric SRP Individual Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 66000.0
Community Features Other
County Maricopa
Net Operating Income 57537.0
Operating Expense 8463.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name HERITAGE ESTATES UNIT 2
Garage Y/N Y
Status Active
High School Westwood High School
City Mesa
Disclosures Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 2.0
Number Of Units Total 4
Carport Y/N N
Elementary School Emerson Elementary School
Tax Annual Amount 2463.0
Electric Expense 1200.0
Fuel Expense 0.0
Middle/Junior High School Carson Junior High School
Trash Expense 0.0
Water Sewer Expense 4800.0
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 18
Cap Rate 6.77
New Financing: Conventional True
Senior Community N
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Tile Laminate Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Attached Garage Attached Carport 1 Space/Unit On Street
Water Source Master Meter City Franchise
Total Parking 7.0
Number of Buildings 1
Spa N
Lot Dimensions 90 ft 108 ft
Road Surface Type Asphalt
Covered Spaces 5.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 816
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* Excluded Features
List By
Lotus Real Estate

Broker

egarcia@lotusrealestateus.com

Email

Affordability Calculator

$5,439
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$205
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
4327578 Elementary School
4327344 Middle School
Westwood High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2026$850,000 Listed Price

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816 N REVERE --, Mesa, AZ, 85201 is a Multi-Family Home for sale at $850,000. 816 N REVERE -- is a studio with 0.0 baths and was built in 1984. The property's zip code is 85201 which is in Mesa, AZ