436 W 3RD Place, Mesa, AZ 85201

$327,500
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 3 Status: Closed
Current Price: $327,500 Last Modified: 9/10/2026

Overview

Description

Here's a Great opportunity to own a low maintenance Triplex investment property with a solid return. This property has been completely remodeled with 2 one bed 1 bath units and one 2 bed 1 bath unit. Current rents are $1,150 for the 2 bedroom and $850 for the one bedroom units. This is in the heart of Mesa and within walking distance of downtown and rail system.

Listing Details MLS# 5803159

Location, Tax & Legal

Map Code/Grid
R38
House Number
436
Compass
W
Street Name
3RD
St Suffix
Place
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
6573
Country
US
County Code
Maricopa
Subdivision
BOND ACRES
Assessor Number
135-59-031
Tax Year
2017
Assessor's Map #
59
Legal Description (Abbrev)
LOT 31 BLOCK 1 BOND ACRES MCR 004636
Assessor's Parcel #
31
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421302
Taxes
748
Legal
No
Marketing Name
none

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
6395
Year Built
1959
Uncvrd Parking Spcs
6
Total # of Units
3
# of Buildings
Yes
Zoning
R-6
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Country Club and University
Directions
North on Country Club to 3rd Place, West on 3rd Place to property.

Status Change Info

Off Market Date
2018-08-16
Under Contract Date
2018-08-15
Close of Escrow Date
2018-09-14

Legal Info

Township
1N
Range
5E
Section
21
Block
Yes
Lot Number
31

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
850
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1150
Avg SqFt
771
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
3

Income Expenses

Gross Annual Sch Inc
34200
Net Operating Income
24702

Sold Info

Loan Type
Conventional
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

Tri-Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Other Type

Other (See Remarks)
Yes

Construction

Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
3000
Annual Gas Exp
900
Annual Ins Exp
1450
Annual Land Lse Exp
0
Annual Landscape Exp
200
Annual Legal & Acctg
0
Annual Maint Exp
500
Annual Mgmt Exp
0
Annual Trash Exp
900
Annual Wtr/Swr Exp
1800
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
9498
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
34200

Pmt & Rate Info

Cap Rate
7.37
Down Payment
0
Equity
335000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Heat Pump
Yes

Cooling

Electric
Yes

Exterior Amenities

Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

None
Yes

Appliances Included

Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

Other (See Remarks)
Yes

Gas

City Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Tri-Plex Other Type: Other (See Remarks) Construction: Slump Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Range Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: City Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: None Source of Fincl Data: Owner 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: None
IDX
Listing Office: Long Realty Uptown
Last Updated: September - 10 - 2026
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