$649,000

161 E 2nd Ave Mesa, AZ 85210

Downtown Mesa Neighborhood

Estimated payment $3,585/month

Total Views 41
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

This well-maintained 4-unit property offers an excellent income-producing opportunity in a desirable location. The building received a new roof and fresh exterior paint in 2020, adding long-term value and curb appeal. Unit 2 was upgraded with a brand-new AC system in 2025, and Unit 3 features a partial kitchen and bathroom renovation. All units are currently tenant-occupied, providing immediate rental income. Additional conveniences include two sets of newer front-loading washer and dryer units. Each apartment is thoughtfully designed for comfort and functionality.

Listing Agent

Amanda Lynch

West USA Realty License #SA637196000 Listed on: 09/11/2025

West USA Realty

Co-Listing Agent

Cynthia Urtuzuastegui

West USA Realty License #SA694302000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Lowell Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 138-48-021

Community Details

Overview

  • 4 Units
  • Building Dimensions are 12000
  • Mesa Arizona Subdivision

Building Details

  • Operating Expense $8,727
  • Gross Income $44,034
  • Net Operating Income $37,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,520

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: MESA DR & 2ND AVE
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: 0304-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2024
  • Directions: Mesa Dr. and Broadway. North to 2nd Ave. west past Hibbert, 2nd property on the left. Drive by only units have tenants.
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Professional Management Expense: 586.0
  • Co List Office Mls Id: wusa92
  • Co List Office Phone: 602-942-4200
  • Subdivision Name: MESA ARIZONA
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Built-In Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1058.0

Schools

  • Elementary School: Lowell Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 12000
  • Additional Parcels: No
  • Parcel #: 138-48-021

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 825.0
  • Annual Gross Income: 44034.12
  • Insurance Expense: 2751.0
  • Maintenance Expense: 224.0
  • Property Net Operating Income: 37900.0
  • Annual Operating Expense: 8727.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1520.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,520 $15,484 -- --
2024 $1,532 $14,747 -- --
2023 $1,532 $46,450 $9,290 $37,160
2022 $1,501 $31,560 $6,310 $25,250
2021 $1,519 $25,950 $5,190 $20,760
2020 $1,499 $23,380 $4,670 $18,710
2019 $1,401 $19,920 $3,980 $15,940
2018 $1,344 $18,670 $3,730 $14,940
2017 $1,304 $17,530 $3,500 $14,030
2016 $1,280 $15,830 $3,160 $12,670
2015 $1,203 $15,070 $3,010 $12,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 For Sale $649,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $190,000 Equity Title Agency Inc
Interfamily Deed Transfer -- Ticor Title Agency Of Az Inc
Interfamily Deed Transfer -- None Available
Warranty Deed $196,000 Fidelity National Title
Warranty Deed $155,000 Lawyers Title Of Arizona Inc
Warranty Deed $140,000 Chicago Title Insurance Co
Warranty Deed $101,945 First American Title
Warranty Deed $100,000 First American Title
Joint Tenancy Deed -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $142,500 New Conventional
Previous Owner $158,690 New Conventional
Previous Owner $170,000 New Conventional
Previous Owner $156,800 Purchase Money Mortgage
Previous Owner $124,000 Purchase Money Mortgage
Previous Owner $10,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6918265

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-48-021

Arizona Maricopa County Mesa 85210 Downtown Mesa

161 E 2nd Ave, Mesa, AZ

This home is located at 161 E 2nd Ave, Mesa, AZ 85210 and is currently priced at $649,000. This property was built in 1958. 161 E 2nd Ave is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

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Amanda Lynch
Listing Agent
Amanda Lynch
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West USA Realty
(623) 343-3266