$790,000

1728 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated payment $4,261/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Carpet

About This Home

ABI Multifamily is pleased to present 1728 E Pepper Cir, a 4-plex in the heart of Mesa that features four spacious 2-bed/1-bath units (~940 SF each) with unique townhome-style layouts (main floor & upstairs in each unit). Built in 1984, the property has been upgraded as needed & well-maintained, but still offers value-add potential in completing interior upgrades in some of the units.

Each unit includes private backyards, individual storage units, & in-unit laundry hookups. Two units have balconies. The property has new exterior paint ('25), landscaping ('25), & a new roof ('24). Located less than 3 miles from both Downtown Mesa & Hwy 60, this property combines convenience with upside.

One unit is currently vacant, allowing flexibility for both investors & owner-occupant buyers.

Listing Agent

Colin Kreager

ABI Multifamily License #SA693849000 Listed on: 09/22/2025

Co-Listing Agent

Tyler Bruggman

ABI Multifamily License #SA660047000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,065

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 06
  • Assessor Parcel Number 138-69-112

Community Details

Overview

  • 4 Units
  • Building Dimensions are 60' x 115'

Building Details

  • Operating Expense $6,829
  • Gross Income $263,760
  • Net Operating Income $48,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,065

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: GILBERT & MAIN
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam, Rolled/Hot Mop

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4250.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 60' x 115'
  • Additional Parcels: No
  • Parcel #: 138-69-112

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 263760.0
  • Insurance Expense: 1514.0
  • Property Net Operating Income: 48097.0
  • Annual Operating Expense: 6829.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1065.0
  • Tax Book Number: 138.00
  • Tax Lot: 06

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 $1,065 $10,856 -- --
2024 $1,074 $10,339 -- --
2023 $1,074 $53,030 $10,600 $42,430
2022 $1,052 $40,760 $8,150 $32,610
2021 $1,065 $32,000 $6,400 $25,600
2020 $1,051 $28,750 $5,750 $23,000
2019 $982 $22,650 $4,530 $18,120
2018 $942 $18,750 $3,750 $15,000
2017 $914 $15,700 $3,140 $12,560
2016 $897 $13,710 $2,740 $10,970
2015 $843 $12,110 $2,420 $9,690
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2025 09/22/25 For Sale $790,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Empire West Title Agency Llc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Security Title Agency
Interfamily Deed Transfer -- Security Title Agency
Interfamily Deed Transfer -- --
Quit Claim Deed -- Arizona Title Agency Inc
Joint Tenancy Deed $89,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $212,500 Purchase Money Mortgage
Previous Owner $266,000 Negative Amortization
Previous Owner $103,400 No Value Available
Previous Owner $51,854 No Value Available
Previous Owner $62,300 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6923003

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-69-112

Arizona Maricopa County Mesa 85203 Reed Park

1728 E Pepper Cir, Mesa, AZ

This home is located at 1728 E Pepper Cir, Mesa, AZ 85203 and is currently priced at $790,000. This property was built in 1984. 1728 E Pepper Cir is a home located in Maricopa County with nearby schools including Michael T. Hughes 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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Colin Kreager
Listing Agent
Colin Kreager
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ABI Multifamily
(602) 714-1400