1138 E 2ND Street, Mesa, AZ 85203

$705,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 8 Status: Closed
Current Price: $705,000 Last Modified: 10/16/2026

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

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

Status Change Info

Off Market Date
2026-09-27
Under Contract Date
2026-08-31
Close of Escrow Date
2026-10-15

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
32

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1200
# Baths
2

Structure

Bedrooms Total
8
Bathrooms Total
8

Income Expenses

Gross Annual Sch Inc
53640

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
$
Seller Concession to Buyer
18500
Seller Concession $/%
$

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
Office Phone: 480-684-3084
Office Email: dale@daleeames.com
Last Updated: October - 16 - 2026
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