750 E 1st Ave Mesa, AZ 85204
Temple NeighborhoodEstimated payment $12,352/month
Highlights
- Central Air
- Franklin at Brimhall Elementary School Rated A
- Heating Available
About This Home
750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.
Listing Agent
Orion Investment Real Estate License #SA689433000 Listed on: 02/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $298
Year Built
- Built in 1978
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Foam Roof
- Block Exterior
- Stucco
Parking
- 22 Open Parking Spaces
- 22 Parking Spaces
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 10
- Assessor Parcel Number 138-28-079
Community Details
Overview
- 2 Buildings
- 16 Units
- Building Dimensions are IRR
- Chula Vista Amd Subdivision
Building Details
- Operating Expense $298
- Gross Income $193,800
- Net Operating Income $142,800
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,383 | $24,154 | -- | -- |
| 2024 | $2,390 | $23,004 | -- | -- |
| 2023 | $2,390 | $115,330 | $11,500 | $103,830 |
| 2022 | $2,341 | $74,230 | $7,400 | $66,830 |
| 2021 | $2,369 | $63,490 | $6,330 | $57,160 |
| 2020 | $2,339 | $67,050 | $6,680 | $60,370 |
| 2019 | $2,185 | $51,790 | $5,160 | $46,630 |
| 2018 | $2,097 | $51,480 | $5,130 | $46,350 |
| 2017 | $2,035 | $45,568 | $4,608 | $40,960 |
| 2016 | $1,997 | $36,941 | $3,661 | $33,280 |
| 2015 | $1,877 | $26,550 | $2,640 | $23,910 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/24/2026 02/24/26 | For Sale | $2,400,000 | 0.0% | -- | |
| 02/14/2025 02/14/25 | Rented | $900 | -2.7% | -- | |
| 11/14/2024 11/14/24 | Price Changed | $925 | -2.6% | $0 / Sq Ft | |
| 08/20/2024 08/20/24 | Price Changed | $950 | -4.9% | $0 / Sq Ft | |
| 06/08/2024 06/08/24 | Price Changed | $999 | -0.1% | $0 / Sq Ft | |
| 05/22/2024 05/22/24 | For Rent | $1,000 | 0.0% | -- | |
| 04/05/2022 04/05/22 | Sold | $2,700,000 | -1.8% | -- | View Prior Sale |
| 04/02/2022 04/02/22 | Price Changed | $2,750,000 | 0.0% | -- | |
| 03/11/2022 03/11/22 | Pending | -- | -- | -- | |
| 02/17/2022 02/17/22 | Pending | -- | -- | -- | |
| 02/02/2022 02/02/22 | For Sale | $2,750,000 | +409.3% | -- | |
| 04/22/2014 04/22/14 | Sold | $540,000 | -9.2% | -- | View Prior Sale |
| 04/02/2014 04/02/14 | Pending | -- | -- | -- | |
| 10/02/2013 10/02/13 | For Sale | $595,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | $2,700,000 | American Title Services | |
| Special Warranty Deed | $2,700,000 | American Title Services | |
| Warranty Deed | -- | Old Republic Title | |
| Warranty Deed | -- | Old Republic Title | |
| Special Warranty Deed | $665,000 | Stewart Title & Trust Of Pho | |
| Cash Sale Deed | $402,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,530,000 | Construction | |
| Previous Owner | $2,530,000 | Construction | |
| Previous Owner | $458,000 | Commercial | |
| Previous Owner | $500,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6989123
APN: 138-28-079
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.
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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Ask me questions while you tour the home.