NOT LISTED FOR SALE

1728 E Pepper Cir Mesa, AZ 85203

Reed Park Neighborhood

Estimated Value: $719,000 - $761,554

Studio
-- Bath
3,760 Sq Ft
$197/Sq Ft Est. Value

Sale Details

Date Sold: November 10, 2025

Last sale price $747,000 $199 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,805 / mo

9 Days on Market

Highlights

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

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Colin Kreager

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

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.

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

  • The owner pays for trash collection, water, sewer
  • 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 Sq Ft Lot

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
  • 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Sold $747,000 -5.4% $199 / Sq Ft
09/22/2025 09/22/25 For Sale $790,000 -- $210 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Colin Kreager

    Seller's Agent in 2025

    Colin Kreager

    ABI Multifamily

    (602) 714-1400

    1 in this area

    21 Total Sales

    Colin Kreager
    Section Image

  • M

    Buyer's Agent in 2025

    Melissa Pimentel

    Call Realty, Inc.

    (480) 988-7100

    6 in this area

    37 Total Sales

    Melissa Pimentel
    Section Image
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Map

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

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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