1138 E 2nd St Mesa, AZ 85203
Fraser Fields NeighborhoodEstimated payment $4,283/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
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 Agent
Professional Real Estate Negotiators License #BR563643000 Listed on: 05/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,543
Year Built
- Built in 1973
Home Design
- Wood Frame Construction
- Shake Roof
- Built-Up Roof
- Foam Roof
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- Carport
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tax Lot 32
- Assessor Parcel Number 138-20-103
Community Details
Overview
- 4 Units
- Building Dimensions are 6897
- Suburban Gardens 2 Subdivision
Building Details
- Operating Expense $1,543
- Gross Income $55,740
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,551 | $15,724 | -- | -- |
| 2024 | $1,556 | $14,975 | -- | -- |
| 2023 | $1,556 | $57,670 | $11,530 | $46,140 |
| 2022 | $1,524 | $43,570 | $8,710 | $34,860 |
| 2021 | $1,542 | $34,530 | $6,900 | $27,630 |
| 2020 | $1,522 | $30,900 | $6,180 | $24,720 |
| 2019 | $1,422 | $26,850 | $5,370 | $21,480 |
| 2018 | $1,365 | $21,870 | $4,370 | $17,500 |
| 2017 | $1,325 | $20,600 | $4,120 | $16,480 |
| 2016 | $1,300 | $19,400 | $3,880 | $15,520 |
| 2015 | $1,222 | $17,650 | $3,530 | $14,120 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/02/2026 01/02/26 | Off Market | $799,999 | -- | -- | |
| 01/01/2026 01/01/26 | Price Changed | $799,999 | 0.0% | -- | |
| 01/01/2026 01/01/26 | For Sale | $799,999 | +4.6% | -- | |
| 11/04/2025 11/04/25 | For Sale | $765,000 | 0.0% | -- | |
| 10/10/2025 10/10/25 | Pending | -- | -- | -- | |
| 10/09/2025 10/09/25 | Price Changed | $765,000 | +2.7% | -- | |
| 09/18/2025 09/18/25 | Price Changed | $745,000 | -1.3% | -- | |
| 08/03/2025 08/03/25 | Price Changed | $755,000 | -2.6% | -- | |
| 05/05/2025 05/05/25 | For Sale | $775,000 | +124.6% | -- | |
| 07/07/2017 07/07/17 | Sold | $345,000 | 0.0% | $86 / Sq Ft | View Prior Sale |
| 07/07/2017 07/07/17 | Off Market | $345,000 | -- | -- | |
| 07/06/2017 07/06/17 | For Sale | $339,000 | 0.0% | $84 / Sq Ft | |
| 07/06/2017 07/06/17 | Price Changed | $339,000 | 0.0% | $84 / Sq Ft | |
| 05/26/2017 05/26/17 | Pending | -- | -- | -- | |
| 05/24/2017 05/24/17 | For Sale | $339,000 | 0.0% | $84 / Sq Ft | |
| 05/24/2017 05/24/17 | Price Changed | $339,000 | -2.9% | $84 / Sq Ft | |
| 05/11/2017 05/11/17 | Pending | -- | -- | -- | |
| 04/05/2017 04/05/17 | For Sale | $349,000 | -- | $87 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First Arizona Title Agency L | |
| Warranty Deed | $345,000 | First Arizona Title Agency L | |
| Cash Sale Deed | $125,900 | First American Title Ins Co | |
| Trustee Deed | $171,000 | First American Title | |
| Warranty Deed | $370,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $320,000 | Ticor Title Agency Of Az Inc | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | Stewart Title & Trust | |
| Quit Claim Deed | -- | Stewart Title & Trust | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $155,000 | Stewart Title & Trust |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $338,751 | FHA | |
| Previous Owner | $292,000 | Negative Amortization | |
| Previous Owner | $192,000 | New Conventional | |
| Previous Owner | $164,500 | No Value Available | |
| Previous Owner | $139,500 | New Conventional | |
| Closed | $96,000 | No Value Available | |
| Closed | $36,500 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6861620
APN: 138-20-103
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 1117 E 3rd St
- 135 N Stapley Dr
- 1756 E University Dr
- 1408 E 3rd St Unit 4
- 35 S Doran
- 520 N Stapley Dr Unit 285
- 955 E Main St
- 1443 E Pepper Place
- 1505 E 3rd Place
- 757 E 2nd St
- 1402 E Dana Ave
- 724 E Park Place
- 1132 E Nielson Ave
- 1600 E University Dr Unit 1626
- 1550 E University Dr Unit L1,2,3
- 675 E 1st Place
- 23 N Edgemont
- 448 N Ashland
- 1323 E Downing St
- 507 N Brimhall
- 1107 E University Dr
- 1255 E University Dr
- 1461 E 3rd St
- 903 E 5th St
- 214 N Horne
- 144 N Hunt Dr E
- 143 S Doran Unit 206
- 825 E 5th St Unit C
- 825 E 5th St Unit B
- 750 E 1st Ave
- 343 N Harris Dr
- 1207 E Jarvis Ave
- 432 S 32nd St Unit 121
- 432 S 32nd St Unit 114
- 432 S 32nd St Unit 136
- 416 N Williams Unit D
- 68 S Ashland
- 1742 E Pepper Cir Unit 2
- 44 S Williams Unit 19
- 226 N Hobson