536 N HALL -- Mesa, AZ $ 569,000
536 N HALL --
$ 569,000
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536 N HALL --

Mesa, AZ, 85203
$ 569,000
Baths0.0

Monthly Estimate*

$ 3,593

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Studio

Multi-Family Home for sale in Mesa, AZ

for $569,000. This home was built in 1971.

Turn-Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex sits in the established Ko Ko Palms neighborhood, built in 1971 and cash-flowing for decades, the kind of long-held, low-turnover asset that's hard to find on the market. Two of the three units carry long-term tenants who've called this property home for over a decade, and the third unit is now vacant, giving a new owner the rare chance to step in and set a fresh, market-rate lease from day one. All three units are 2 bedroom, 1 bath with separate meters for electricity, gas, and trash. Tenants cover their own utilities, keeping operating costs lean for ownership. Unit A (the largest of the three) is home to a 14-year tenant at $1,200/mo, with two covered parking spots side by side in the rear, a private front yard and a large storage unit with washer/dryer hookups. Unit B has been home to a 10-year tenant at $1,100/mo, with one covered parking spot in the rear and two storage units, one with washer/dryer hookups. Unit C is now vacant and move-in ready. Covered parking in the rear ,two storage units, one with washer/dryer hookups, positioned for a new owner to bring in a tenant at today's market rent and boost the property's overall return right out of the gate. Ownership responsibilities are refreshingly simple: landlord covers water only (approx. $150/mo) and a monthly landscaper ($100/mo). Everything else is on the tenants. With two proven, long-term income streams already in place and one unit primed for upside, this is a rare combination of stability and immediate value-add potential in a proven Mesa location. Don't miss it!

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Multi-Family Active

Price

$ 569,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,301

Style

Multiple Dwellings

Year Built

1971

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7050097

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Composition
Zoning M-H
Construction Materials Painted Block
Year Built 1971
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 41845.8
Community Features No Pool
County Maricopa
Net Operating Income 37250.0
Operating Expense 5896.0
Insurance Expense 1595.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name KO KO PALMS 2 LOTS 34-76
Garage Y/N N
Status Active
Directions W to Hall St then N to property
City Mesa
Disclosures Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 0.0
Number Of Units Total 3
Carport Y/N N
Tax Annual Amount 1301.0
Water Sewer Expense 1800.0
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 66
Cap Rate 6.55
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features 1 Space/Unit On Street
Water Source City Franchise
Total Parking 4.0
Number of Buildings 2
Spa N
Lot Dimensions Unk
Road Surface Type Asphalt
Covered Spaces 4.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 536
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* Excluded Features
List By
Limitless Real Estate

Broker

theazhouseguy@gmail.com

Email

Affordability Calculator

$3,701
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,593
Monthly Property Taxes
$108
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4327115 Elementary School
4327715 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/4/2026$569,000 Listed Price

Map


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536 N HALL --, Mesa, AZ, 85203 is a Multi-Family Home for sale at $569,000. 536 N HALL -- is a studio with 0.0 baths and was built in 1971. The property's zip code is 85203 which is in Mesa, AZ