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615 S PIONEER -- Mesa, AZ $ 490,000
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615 S PIONEER --
$ 490,000
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615 S PIONEER --

Mesa, AZ, 85204
$ 490,000
Baths0.0

Monthly Estimate*

$ 3,017

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Studio

Multi-Family Home for sale in Mesa, AZ

for $490,000. This home was built in 1980.

Rare Mesa duplex investment opportunity with strong cash flow potential in a prime central location near the Loop 202, Downtown Mesa, Tempe, shopping, dining and major employment hubs. This multifamily property features a spacious 3-bedroom, 2-bath unit plus a separate 2-bedroom, 1-bath unit, making it ideal for investors, house hackers or multigenerational living. Updated finishes, private parking, low-maintenance setup and RM-2 zoning create flexibility and long-term value. Excellent rental demand area with proximity to ASU, Mesa Community College, Phoenix Sky Harbor and light rail access. Perfect opportunity for rental income, owner-occupant financing or portfolio expansion in one of Mesa's most affordable income-producing markets. Strong upside and flexible investment opportunity. Now.

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Multi-Family Active

Price

$ 490,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 841

Style

Multiple Dwellings

Year Built

1980

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7034354
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition
Zoning M-H
Construction Materials Wood Frame Siding Painted Brick
Year Built 1980
Electric SRP City Electric
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 37848.0
Community Features No Pool
County Maricopa
Net Operating Income 34699.0
Operating Expense 5141.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name LYNWOOD TRACT LOTS 1-24
Garage Y/N N
Status Active
Directions fom S Mesa Dr. head East on E Franklin Ave turn left onto S Pioneer.
High School Mesa High School
City Mesa
Disclosures None
High School District Mesa Unified District
Open Parking Spaces 2.0
Number Of Units Total 2
Carport Y/N N
Elementary School Lowell Elementary School
Tax Annual Amount 841.0
Electric Expense 3300.0
Middle/Junior High School Kino Junior High School
Water Sewer Expense 1000.0
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 Tenant
Elementary School District Mesa Unified District
Tax Lot 27
Cap Rate 7.08
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Paved <1 Space Per Unit Carport
Water Source Master Meter
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 6669sf
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Tile Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 615
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* Excluded Features
List By
Inspired Real Estate Life

Broker

katie@regoat.org

Email

Affordability Calculator

$3,087
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,017
Monthly Property Taxes
$70
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
4897331 Elementary School
4327595 Middle School
Mesa High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/29/2026 $490,000 Listed Price

Map

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615 S PIONEER --, Mesa, AZ, 85204 is a Multi-Family Home for sale at $490,000. 615 S PIONEER -- is a studio with 0.0 baths and was built in 1980. The property's zip code is 85204 which is in Mesa, AZ

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