$1,549,000
SOLD MAY 15, 2026
-- Bed
-- Bath
1,315 Sq Ft
1925 Built

Sale Details

Date Sold: May 15, 2026

$1,178 Per Sq Ft

9% Below List Price

79 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2026

Price Reduced, 5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 01/06/2026

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1925

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • Partially Furnished
  • Blinds
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Free Parking
  • On-Street Parking
  • 10 Open Parking Spaces
  • RV or Boat Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, trash collection
  • Tax Lot 2
  • Assessor Parcel Number 138-66-008

Community Details

Overview

  • 5 Buildings
  • 10 Units
  • Building Dimensions are ALMOST AN
  • Mesa Arizona Subdivision

Building Details

  • Operating Expense $17,864
  • Gross Income $142,008
  • Net Operating Income $112,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: MAIN/ MESA DR
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1925
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: Mesa Arizona
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam, See Remarks

Garage/Parking

  • Parking Features: Open, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0

Utilities

  • Electric: City Electric, SRP
  • Cooling: Central Air, Electric, Varies by Unit, Window/Wall Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 6500.0

Schools

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

Lot Info

  • Lot Size: ALMOST AN
  • Additional Parcels: No
  • Parcel #: 138-66-008

Multi Family

  • Owner Pays: Water, Trash Collection
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 10
  • Annual Gross Income: 142008.0
  • Insurance Expense: 4500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 112708.0
  • Annual Operating Expense: 17864.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2064.0
  • Tax Book Number: 138.0
  • Tax Lot: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2026
Closed on
May 13, 2026
Sold by
Bought by
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,700,000
Sold Price
$1,549,000
Premium/Discount to List
-$151,000
-8.88%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-42.31%
Original Mortgage
$800,000
Outstanding Balance
$800,000
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$706,980

Purchase Details

Closed on
Apr 18, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2024
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.97%

Purchase Details

Closed on
Sep 1, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.97%

Purchase Details

Closed on
Aug 30, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.97%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Type Sale Price Title Company
Special Warranty Deed $1,549,000 Old Republic Title Agency
Special Warranty Deed $1,100,000 Commonwealth Land Title
Deed -- None Listed On Document
Deed -- None Listed On Document
Cash Sale Deed $203,000 First American Title
Warranty Deed $175,000 Capital Title Agency
Trustee Deed -- --
Warranty Deed -- --
Warranty Deed $120,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $990,000 New Conventional
Previous Owner $117,000 No Value Available
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
05/15/2026 05/15/26 Sold $1,549,000 -3.2% $1,178 / Sq Ft
04/11/2026 04/11/26 Price Changed $1,600,000 0.0% $1,217 / Sq Ft
03/26/2026 03/26/26 Pending -- -- --
03/10/2026 03/10/26 Pending -- -- --
01/26/2026 01/26/26 Price Changed $1,600,000 -5.8% $1,217 / Sq Ft
01/19/2026 01/19/26 Price Changed $1,699,000 -0.1% $1,292 / Sq Ft
01/06/2026 01/06/26 For Sale $1,700,000 -- $1,293 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax 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.

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 $2,064 $20,923 -- --
2024 $2,071 $19,927 -- --
2023 $2,071 $78,430 $15,680 $62,750
2022 $2,028 $51,400 $10,280 $41,120
2021 $2,052 $44,750 $8,950 $35,800
2020 $2,026 $40,510 $8,100 $32,410
2019 $1,893 $33,730 $6,740 $26,990
2018 $1,817 $29,380 $5,870 $23,510
2017 $1,762 $28,680 $5,730 $22,950
2016 $1,730 $26,380 $5,270 $21,110
2015 $1,626 $22,970 $4,590 $18,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6964033

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-66-008

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