TURNKEY, Cash-Flowing, Well Maintained, Fully Leased & Remodeled 4-plex in Prime Mesa Location near Downtown & only 3 blocks from Stapley/Main Light Rail
Station. Each large Fully Remodeled Unit has 2-bedrooms, 2-baths & 1,004 sq. ft.
Upgrades include New Luxury Vinyl Plank Flooring in the Living areas and carpeting in the bedrooms. Also New Shaker Cabinets, Appliances, New Interior Trim, Doors & Interior Paint. Complete Roof
Replacement in 2021, Newer Entry Deck Surfacing for 2nd floor Units C & D, New
Composition Mansard Roof Walls, and New Masonry Block Privacy Fencing. First floor units have Private Yards & Covered Patios. HVAC Units and Water Heaters are Newer With over $150k Invested in improvements. No HOA. **Please Do Not Disturb Tenants - Drive By Only!** Each Unit has One Covered Parking Space plus a 2nd uncovered Space and a Storage Unit. Units are Currently Rented at Market Rate with Strong Tenant Occupancy. Upstairs Units Lease for $1,400/month & Downstairs Units for $1,495/month, Producing a Gross Monthly Income of $5,790 ($69,480 Annually) plus laundry room income and a 7.14 Cap Rate. The On-site Laundry is not only convenient but produces additional revenue annually of $1280.
Truly an Excellent Investment with Updated Units, Stable Rents, and a Prime Location near Mesa's Growing Downtown Corridor. and Great for Seasoned or New investors **PLEASE DO NOT DISTURB OCCUPANTS**
Sold for $825,000
$825,000
1146 E 2ND Street, Mesa, AZ 85203
8beds
2baths
4,016sqft
Multi Family
Built in 1973
-- sqft lot
$820,300 Zestimate®
$205/sqft
$1,251 Estimated rent
Home value
$820,300
$746,000 - $902,000
$1,251/mo
Zestimate® history
Owner options
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$1,251/mo
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$1,251/mo
Rent Zestimate®
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$4,696/mo
Est. payment
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$4,696/mo
Est. payment
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List your homeWhat's special
Covered patiosNew interior trimPrivate yardsNew shaker cabinets
Zillow last checked:
Listing updated:
Listed by:
George Akers 480-390-4589,
Better Homes & Gardens Real Estate SJ Fowler
Bought with:
Karin Telles, BR566916000
HomeSmart
Source: ARMLS,MLS#: 6922706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 4,016
- Total interior livable area: 4,016 sqft
Property
Parking
- Total spaces: 8
- Parking features: See Remarks, >1 Space Per Unit
- Covered spaces: 4
- Uncovered spaces: 4
Details
- Parcel number: 13820102
- Zoning: MULTI
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Siding, Painted, Block
- Roof: Built-Up,Foam
Condition
- Year built: 1973
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Security
- Security features: Security Lights
Community
- Community features: No Pool
Location
- Region: Mesa
- Subdivision: SUBURBAN GARDENS 2
Other
Other facts
- Listing terms: Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Sold | $825,000$205/sqft |
Source:  ARMLS #6922706 Report a problem | ||
| 10/3/2025 | Pending sale | $825,000$205/sqft |
Source: ARMLS #6922706 Report a problem | ||
| 9/20/2025 | Listed for sale | $825,000+400%$205/sqft |
Source: ARMLS #6922706 Report a problem | ||
| 6/7/2011 | Sold | $165,000-2.9%$41/sqft |
Source: ARMLS #4509996 Report a problem | ||
| 12/23/2010 | Listed for sale | $170,000+64.9%$42/sqft |
Source: Look Inside Realty #4509996 Report a problem | ||
| 11/19/2010 | Sold | $103,100-70.9%$26/sqft |
Source: Public Record Report a problem | ||
| 12/22/2006 | Sold | $354,900+10.9%$88/sqft |
Source: Public Record Report a problem | ||
| 11/3/2004 | Sold | $320,000+106.5%$80/sqft |
Source: Public Record Report a problem | ||
| 6/28/1999 | Sold | $155,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,542 +0.5% | $63,980 -6.1% |
| 2024 | $1,534 -0.8% | $68,160 +378.5% |
| 2023 | $1,547 +1.6% | $14,246 -67.3% |
| 2022 | $1,522 +0.1% | $43,530 +26.2% |
| 2021 | $1,521 +7% | $34,500 +11.8% |
| 2020 | $1,421 +4.2% | $30,870 +15.1% |
| 2019 | $1,364 | $26,820 +22.7% |
| 2018 | $1,364 +3.1% | $21,860 +6.2% |
| 2017 | $1,323 +8.4% | $20,580 +6.2% |
| 2016 | $1,220 -9.7% | $19,380 +9.9% |
| 2015 | $1,351 | $17,630 +31.6% |
| 2014 | -- | $13,400 +54.9% |
| 2013 | -- | $8,650 +22.3% |
| 2012 | -- | $7,070 -35.7% |
| 2011 | -- | $10,990 -15.7% |
| 2010 | -- | $13,040 -45% |
| 2009 | -- | $23,700 -14% |
| 2008 | -- | $27,560 +25.6% |
| 2007 | -- | $21,935 -8.4% |
| 2006 | -- | $23,940 |
| 2005 | -- | $23,940 +63.4% |
| 2004 | -- | $14,650 |
| 2003 | -- | $14,650 +15.8% |
| 2002 | -- | $12,650 |
Find assessor info on the county website
Neighborhood: Harrison Acres
Nearby schools
GreatSchools rating
- 5/10Edison Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 2/10Kino Junior High SchoolGrades: 7-8Distance: 1.1 mi
- 3/10Westwood High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Edison Elementary School
- Middle: Kino Junior High School
- High: Westwood High School
- 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
$820,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$820,300
- Arizona
- Maricopa County
- Mesa
- 85203
- Harrison Acres
- 1146 E 2ND Street
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