408 E 3RD Street, Mesa, AZ 85203 (MLS# 6954952)

408 E 3RD Street, Mesa, AZ 85203

$359,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $359,000 Last Modified: 8/12/2026

Overview

Description

Great opportunity! This charming duplex offers the perfect blend of investment potential and personal-use flexibility. Find an inviting living & dining room that creates a warm, comfortable atmosphere. Cook your favorite meals in the kitchen, featuring matching appliances and a convenient breakfast bar. Both bedrooms provide peaceful retreats. Enjoy relaxing on the covered patio or take advantage of the spacious shared backyard, complete with a built-in BBQ, ideal for hosting gatherings and outdoor fun. Excellent location, close to dining spots, shopping, and more. Roof is approximately 7 years old. Newer AC units (408 - 7/24 & 410 - approx. 4 years old). Newer appliances. Don't miss out on this great opportunity.

Listing Details MLS# 6954952

Location, Tax & Legal

House Number: 408
Compass: E
Street Name: 3RD
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7903
Country: US
County Code: Maricopa
Subdivision: STEWARTS NORTH MESA ADD AMD
Assessor Number: 138-25-059
Tax Year: 2025
Assessor's Map #: 25
Legal Description (Abbrev): LOT 72 STEWARTS NORTH MESA ADD AMD MCR
Assessor's Parcel #: 59
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421502
Taxes: 658
Legal: LOT 72 STEWARTS NORTH MESA ADD AMD MCR
Marketing Name: N/A

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 69.44-105.40
Year Built: 1948
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: Yes
Zoning: CHK
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
High School: Westwood High School

Remarks Misc

Cross Street: E University Dr and N Mesa Dr
Directions: Head west on E University Dr. Turn left onto N Mesa Dr. Turn left onto E 3rd St. Home will be on the left.

Status Change Info

Off Market Date: 2025-12-24
Under Contract Date: 2025-12-10
Close of Escrow Date: 2025-12-31

Legal Info

Township: 1N
Range: 5E
Section: 23
Lot Number: 72

More Information

Efficiency Units

# Efficiency Units: 2
# Baths: 2
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1248
Avg SqFt: 700
# Baths: 2

Income Expenses

Gross Annual Sch Inc: 29528
Net Operating Income: 23559

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Sold Info

Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Duplex: Yes

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Slump Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1197
Annual Mgmt Exp: 3852
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 600
Annual Other Expense: 199
Operating Exp: 8506
Other Income: 85
Vacancy Allowance: 0.05
Adjusted Gross Inc: 28132.35
Total Monthly Rental Income: 2495

Pmt & Rate Info

Cap Rate: 6.56
Equity: 359000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Individual: Yes
2 or More Units: Yes

Exterior Amenities

Cable TV Available: Yes
Patio/Balcony: Yes

Interior Features

Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes

Appliances Included

Disposal: Yes
Microwave: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

City Gas: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex Construction: Slump Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available; Patio/Balcony Interior Features: Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Range; Disposal; Microwave Cooling: Ceiling Fan(s); Individual; Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: City Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Mark Brower Properties, LLC

Last Updated: August - 12 - 2026