1138 E 2ND Street, Mesa, AZ 85203

$790,000
Property Type: Multiple Dwellings Status: Active
Current Price: $790,000 Last Modified: 4/28/2026

Overview

Description

Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!

Listing Details MLS# 6861620

Location, Tax & Legal

House Number
1138
Compass
E
Street Name
2ND
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
8848
Country
US
County Code
Maricopa
Subdivision
SUBURBAN GARDENS 2
Assessor Number
138-20-103
Tax Year
2024
Assessor's Map #
20
Legal Description (Abbrev)
LOT 32 SUBURBAN GARDENS 2 MCR 009143
Assessor's Parcel #
103
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421502
Taxes
1543
Tax District
41
Legal
LOT 32 SUBURBAN GARDENS 2 MCR 009143
Marketing Name
GARDENS

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
6897
Year Built
1973
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
Yes
Zoning
MULTI
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Stapley and Main
Directions
South on Stapley, West on 2nd St

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
32

Income Expenses

Gross Annual Sch Inc
53640

More Information

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1150
# Baths
2

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Built-Up
Yes
Shake
Yes
Foam
Yes
Other
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Gas Exp
0
Annual Land Lse Exp
0
Annual Legal & Acctg
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
1543
Other Income
2100
Vacancy Allowance
0
Adjusted Gross Inc
55740
Total Monthly Rental Income
0

Pmt & Rate Info

Equity
765000
Down Payment %
25
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Central Air
Yes

Exterior Amenities

Sidewalk(s)
Yes
Other (See Remarks)
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Microwave
Yes
Free-Standing Range
Yes

Road Access Type

Dedicated Street
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

City Electric
Yes

Gas

City Gas
Yes
Other (See Remarks)
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Other
Yes
See Remarks
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted Roofing: Built-Up; Shake; Foam; Other Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Sidewalk(s); Other (See Remarks) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Microwave Heating: Other; See Remarks Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas; Other (See Remarks) Parking Features: Carport Road Access Type: Dedicated Street Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection; Other; See Remarks Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: Professional Real Estate Negotiators
Last Updated: April - 28 - 2026
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