750 E 1ST Avenue, Mesa, AZ 85204 (MLS# 6989123)

750 E 1ST Avenue, Mesa, AZ 85204

$2,400,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,400,000 Last Modified: 3/11/2026

Overview

Description

750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.

Listing Details MLS# 6989123

Location, Tax & Legal

House Number: 750
Compass: E
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1078
Country: US
County Code: Maricopa
Subdivision: CHULA VISTA AMD
Assessor Number: 138-28-079
Tax Year: 2025
Assessor's Map #: 28
Legal Description (Abbrev): CHULA VISTA AMD
Assessor's Parcel #: 79
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 298
Legal: CHULA VISTA AMD
Marketing Name: 1st Avenue Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1978
Uncvrd Parking Spcs: 22
Total # of Units: 16
# of Buildings: 2
Zoning: MF or FBC T4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: Main Street and Horne
Directions: Head West on Mesa's New Main Street to Horne, South on Horne and the property is on the North West corner of Horne and 1st AVE

Legal Info

Township: 1N
Range: 5E
Section: 23
Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 204000
Net Operating Income: 142800

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: 8
Avg Rent: 1080
Avg SqFt: 315
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 8
Avg Rent: 1128
Avg SqFt: 415
# Baths: Yes

Project Type

13 - 24 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Foam: Yes

Floors

Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 298
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 193800

Pmt & Rate Info

Equity: 2400000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Partially Fenced: Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Composition; Foam Floors: Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: March - 11 - 2026