Seller May Carry All Facts & Figures Approximate, Buyer to Verify to Their Satisfaction. Discover a remarkable multiplex that promises a solid investment. This well-maintained property features 24 spacious units, each generating reliable rental income while showcasing significant investment potential. Long Term Owners and Tenants. All Single Level Buildings. with Newer Air Conditioners Walking Distance to Shopping. Great Parking Along With Street Parking. Please Do Not Disturb Tenants. Each unit is individually metered for electricity, simplifying utility management and maximizing profitability. The property boasts Ample parking spaces, ensuring ample parking for both residents and guests, further enhancing its overall convenience and appeal. Additionally, which boosts tenant comfort and desirability. Mesa's thriving economy and robust job market make it a highly sought-after location for renters, ensuring strong rental demand and low vacancy rates. With convenient access to major highways and public transportation, commuting to Phoenix and its surrounding areas is effortless. This property is strategically situated in the heart of Mesa, with nearby amenities including shopping centers, restaurants, schools, and parks. The property is well connected to major highways and public transport, providing easy access to the greater Phoenix Metropolitan Area. Seller May Carry
Sold for $4,500,000
$4,500,000
1041 N MESA Drive, Mesa, AZ 85201
2beds
1baths
17,064sqft
Multi Family
Built in 1972
-- sqft lot
$1,938,700 Zestimate®
$264/sqft
$1,179 Estimated rent
Home value
$1,938,700
$1.43M - $2.56M
$1,179/mo
Zestimate® history
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$25,867/mo
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Well-maintained propertyGreat parkingAll single level buildingsAmple parking spacesNewer air conditionersSpacious units
Zillow last checked:
Listing updated:
Listed by:
Steven J. Fowler 480-649-3536,
Better Homes & Gardens Real Estate SJ Fowler,
Steven Cvetanovich 480-323-5672,
Better Homes & Gardens Real Estate SJ Fowler
Bought with:
Non-MLS Agent
Non-MLS Office
Source: ARMLS,MLS#: 6858057
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Individual, Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric, Individual
Appliances
- Included: Refrigerator, See Remarks, Built-In Electric Oven
Features
- Flooring: Ceramic Tile, Wood, Concrete
Interior area
- Total structure area: 17,064
- Total interior livable area: 17,064 sqft
Property
Parking
- Total spaces: 29
- Parking features: See Remarks, Paved, Assigned, 1 Space/Unit, Carport
- Has carport: Yes
- Covered spaces: 20
- Uncovered spaces: 9
Lot
- Size: 1.32 Acres
- Dimensions: 57582
Details
- Parcel number: 13732151
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Other, Block
- Roof: Composition,See Remarks,Built-Up,Foam
Condition
- Year built: 1972
Utilities & green energy
- Electric: City Electric, Individual Meter
- Sewer: Public Sewer
- Water: Master Meter, City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: ENCHANTED VILLAGE
Location
- Region: Mesa
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $549,500
- Annual tax amount: $8,133
- Date on market: 9/1/2025
- Cumulative days on market: 84 days
- Listing terms: Owner May Carry
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2025 | Sold | $4,500,000-11.8%$264/sqft |
Source:  ARMLS #6858057 Report a problem | ||
| 7/21/2025 | Pending sale | $5,100,000$299/sqft |
Source: ARMLS #6858057 Report a problem | ||
| 4/28/2025 | Listed for sale | $5,100,000+2814.3%$299/sqft |
Source: ARMLS #6858057 Report a problem | ||
| 5/23/2003 | Sold | $175,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,282 +0.5% | $54,950 +3% |
| 2024 | $1,276 -0.8% | $53,370 +350.5% |
| 2023 | $1,287 +1.6% | $11,848 -65.3% |
| 2022 | $1,266 +0.1% | $34,110 +23.5% |
| 2021 | $1,265 +7% | $27,630 +12.2% |
| 2020 | $1,182 +4.2% | $24,630 +20.9% |
| 2019 | $1,134 | $20,370 +13.4% |
| 2018 | $1,134 +3.1% | $17,960 +17% |
| 2017 | $1,100 +8.4% | $15,350 +5.6% |
| 2016 | $1,015 -4.5% | $14,530 +10.4% |
| 2015 | $1,063 | $13,160 +34% |
| 2014 | -- | $9,820 +42.1% |
| 2013 | -- | $6,910 -4% |
| 2012 | -- | $7,200 -34.5% |
| 2011 | -- | $11,000 -28% |
| 2010 | -- | $15,280 -39.9% |
| 2009 | -- | $25,430 -5.5% |
| 2008 | -- | $26,910 +16.7% |
| 2007 | -- | $23,050 +36.4% |
| 2006 | -- | $16,900 |
| 2005 | -- | $16,900 +26.1% |
| 2004 | -- | $13,400 |
| 2003 | -- | $13,400 +25.6% |
| 2002 | -- | $10,670 |
Find assessor info on the county website
Neighborhood: 85201
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Nearby schools
GreatSchools rating
- 5/10Eisenhower Center for InnovationGrades: PK-6Distance: 0.3 mi
- 2/10Kino Junior High SchoolGrades: 7-8Distance: 0.4 mi
- 3/10Westwood High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Mesa Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,938,700
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Estimated market value
$1,938,700
- Arizona
- Maricopa County
- Mesa
- 85201
- 1041 N MESA Drive
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