457 E 9TH Avenue
Mesa, AZ, 85204 $ 900,000
Bedrooms8 Baths0.0 Monthly Estimate*
$ 5,683
for $900,000 with 8 bedrooms. This home was built in 1986.
Investor's dream**DO NOT DISTURB OCCUPANTS** Turn-key and cash-flowing 4 plex with updated 2 bed, 1 bath units. TILE ROOF, Townhouse style. Private yard and individual laundry room in each unit. All occupied. Built in 1986. 10,160 sqft lot, 6 covered and 6 uncovered parking spots. The current rents are: Unit 1: $1,530 (long term tenant 10+ years) Unit 2: $1,550 (lease ends August 31, 2026) Unit 3: $1,530 (long term tenant 10+ years) Unit 4: $1,650 (lease through Jun 30, 2027)) Total of $6,260/month. Tenants never pay late. Tile floors throughout in all units. Each unit is separately metered for electricity. Tenants cover electricity, landlord pays water. There is a shed for storage could potentially be turned into office, or another unit. Last repair on the roof was 7/2026. Fresh exterior paint 10/2024 Unit 1 has a new water heater in 2/2023 and AC condenser in 10/2020, Condenser Fan Motor AC 5/2026 Unit 2 has a new dish washer and washer in 10/2022, water heater and garbage disposal in 2/2022 and dryer in 8/2020, inside fresh paint 2023, indoor fan motor (blower) AC in 7/2025, new wheel blower and capacitor in 7/2025. Unit 3 has a new fridge in 2/2020, new capacitor and TXV for AC in 7/2025 Unit 4 has a new water heater in 1/2021 and garbage disposal in 10/2022, new Indoor fan motor AC in 11/2025, new vanity in 6/2026, inside fresh paint 2026. Low maintenance landscaping. Fresh paint. Lights with motion sesnsor in parking lot. Strong demand rental area. Situated in the heart of Mesa with easy access to dining, shopping, and major freeways. This is ideal for both seasoned investors and those entering the multi family market. Well-maintained.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition Tile
Zoning R-3
Construction Materials Wood Frame Painted Stucco
Year Built 1986
Electric City Electric
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 70680.0
Community Features Other
County Maricopa
Net Operating Income 61857.0
Operating Expense 8963.03
Insurance Expense 2006.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name CLARKSON MANOR
Garage Y/N N
Status Active
City Mesa
Disclosures None
High School District Mesa Unified District
Open Parking Spaces 6.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1668.6
Water Sewer Expense 5288.43
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 3
Cap Rate 6.87
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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InteriorFlooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 8
Total Baths 4
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ExteriorParking Features >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 12.0
Number of Buildings 1
Spa N
Lot Dimensions 10 160
Road Surface Type Asphalt
Covered Spaces 6.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByBetter Homes & Gardens Real Estate Sj FowlerBroker
HANAHOUSEBIZ@GMAIL.COMEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,683
- Monthly Property Taxes
- $139
- 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.
Learn more about how to save NearbyMulti-family listings in Mesa, AZ
Average List Price $812,060
Percent of Sale Price 10%
About Mesa, AZ 497,111 Population
24% Since 2002
$ 51,369 Median Income
36.48 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327115 Elementary School
4327715 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/9/2026 | $900,000 | | Listed Price |