NOT LISTED FOR SALE

5950 E Norland St Mesa, AZ 85215

Estimated Value: $778,000 - $895,000

Studio
-- Bath
3,234 Sq Ft
$256/Sq Ft Est. Value

Sale Details

Date Sold: April 15, 2025

Last sale price $845,000 $261 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,692 / mo

1 Day on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Bush Elementary School Rated A-
  • Central Air
  • Satellite Dish

About This Home

As of April 2025

Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28

Last Agent to Sell the Property

Robert Harris

Realty ONE Group License #SA677235000 Listed on: 03/18/2025

Last Buyer's Agent

Fredy Pimentel

Barrett Real Estate License #SA711182000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1985

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring
  • Security Lights

Parking

  • 8 Parking Spaces
  • Carport
  • Free Parking
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Bush Elementary
  • Red Mountain High School

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Tax Lot 9
  • Assessor Parcel Number 141-80-388

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Loma Vista Subdivision

Building Details

  • Operating Expense $2,382
  • Gross Income $55,320
  • Net Operating Income $53,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Mcdowell RD & Recker RD
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: LOMA VISTA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Dishwasher, Washer/Dryer
  • Other Equipment: Satellite Dish

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Other
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: Bush Elementary
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Bush Elementary

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 141-80-388

Multi Family

  • Owner Pays: None
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 55320.0
  • Property Net Operating Income: 53040.0
  • Annual Operating Expense: 2382.0

Tax Info

  • Tax Annual Amount: 2382.0
  • Tax Book Number: 141.0
  • Tax Lot: 9

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

Closed on
Oct 31, 2025
Sold by
Bought by
Current Estimated Value
$829,286

Purchase Details

Listed on
Mar 18, 2025
Closed on
Apr 14, 2025
Sold by
Bought by
Seller's Agent
Robert Harris
Realty ONE Group
Buyer's Agent
Fredy Pimentel
Barrett Real Estate
List Price
$845,000
Sold Price
$845,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.58%
Original Mortgage
$633,750
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2022
Sold by
Bought by

Purchase Details

Closed on
May 25, 2022
Sold by
Bought by

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 18, 2021
Sold by
Bought by
Seller's Agent
Alan Robinson
US Investment Realty, LLC
Buyer's Agent
Robert Harris
Realty ONE Group
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.25%
Original Mortgage
$547,500
Interest Rate
2.99%

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 10, 2021
Sold by
Bought by
Seller's Agent
Alan Robinson
US Investment Realty, LLC
Buyer's Agent
Robert Harris
Realty ONE Group
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
2.99%

Purchase Details

Closed on
Jul 14, 2021
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
$1,136,250
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 1998
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
$150,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 1997
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
$146,319
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records
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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 Buyer Sale Price Title Company
-- None Listed On Document
$845,000 Navi Title Agency
-- Hansen Law Office
-- Hansen Law Office
$749,000 Chicago Title Agency Inc
-- Chicago Title Agency Inc
$650,000 Fidelity Natl Ttl Agcy Inc
-- --
$198,500 First American Title
$163,000 Chicago Title Insurance Co
-- --
-- --
$148,000 Chicago Title Insurance Co
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 Borrower Loan Amount
Previous Owner $633,750
Previous Owner $547,500
Previous Owner $547,500
Previous Owner $1,136,250
Previous Owner $150,000
Previous Owner $146,319
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 Prior Sale
04/15/2025 04/15/25 Sold $845,000 0.0% $261 / Sq Ft
03/18/2025 03/18/25 For Sale $845,000 +12.8% $261 / Sq Ft
11/19/2021 11/19/21 Sold $749,000 0.0% $232 / Sq Ft View Prior Sale
09/18/2021 09/18/21 For Sale $749,000 -- $232 / 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 $2,394 $24,270 -- --
2024 $2,402 $23,114 -- --
2023 $2,402 $61,530 $12,300 $49,230
2022 $2,352 $41,100 $8,220 $32,880
2021 $2,381 $37,410 $7,480 $29,930
2020 $2,350 $33,070 $6,610 $26,460
2019 $2,195 $26,570 $5,310 $21,260
2018 $2,107 $25,310 $5,060 $20,250
2017 $2,044 $21,030 $4,200 $16,830
2016 $2,006 $20,200 $4,040 $16,160
2015 $1,886 $18,420 $3,680 $14,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6837107

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-388

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