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Sold for $815,000
    • $815,000

    240 S DORAN Circle, Mesa, AZ 85204

    8beds
    4baths
    3,136sqft
    Multi Family
    Built in 1981
    -- sqft lot
    $812,000 Zestimate®
    $260/sqft
    $1,459 Estimated rent

    Home value

    $812,000

    $739,000 - $885,000

    $1,459/mo

    Zestimate® history
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    $4,611/mo

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    What's special

    Cash Flowing 4-Plex in Mesa, Arizona - Excellent Investment Opportunity! This property presents an outstanding chance for investors seeking a lucrative income stream. With its ideal location, attractive unit configuration, and strong rental history, this 4-plex is an exceptional addition to any real estate portfolio. Property Features: Each unit offers 2 bedrooms and 1 bathroom; Tenants are responsible for electricity expenses; All units are currently occupied by long-term tenants, ensuring stable cash flow from day one; Rental rates are at or above market levels, reflecting the high demand for housing in the area. Whether you're a seasoned or a first-time investor, Don't miss out on this exceptional investment opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Gordon Hageman 480-498-3334,

    Real Broker

    Bought with:

    Arnold Bedak, SA655253000

    Keller Williams Realty Phoenix

    Source: ARMLS,MLS#: 6569218MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Electric
    Cooling
    • Electric
    Appliances
    • Included: Free-Standing Range, Disposal, Refrigerator
    • Laundry: W/D Hookup
    Features
    • Flooring: Other, Carpet, Vinyl
    Interior area
    • Total structure area: 3,136
    • Total interior livable area: 3,136 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Add'l Parking Avail, >1 Space Per Unit
    • Covered spaces: 6
    • Uncovered spaces: 10
    Lot
    • Size: 10,000 Square Feet
    • Dimensions: 125' x 80'
    Details
    • Parcel number: 13814012D
    • Zoning: RM-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Stucco
    • Roof: Composition,Built-Up
    Condition
    • Year built: 1981

    Utilities & green energy

    • Electric: SRP
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & HOA

    Community
    • Features: No Pool
    • Subdivision: HIBBERT-ALLEN ACRES LOTS 1-4
    Location
    • Region: Mesa

    Financial & listing details

    • Price per square foot: $260/sqft
    • Tax assessed value: $640,800
    • Annual tax amount: $1,421
    • Date on market: 9/16/2025
    • Cumulative days on market: 69 days
    • Listing terms: Conventional,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/26/2025Sold$815,000-4.1%$260/sqft
    Source: Public Record Report a problem
    8/5/2025Listed for sale$850,000+1.2%$271/sqft
    Source: ARMLS #6901811 Report a problem
    4/28/2025Listing removed$840,000+20%$268/sqft
    Source: ARMLS #6521234 Report a problem
    12/13/2023Listing removed--
    Source: ARMLS #6521234 Report a problem
    8/23/2023Sold$700,000-4.8%$223/sqft
    Source: ARMLS #6569218 Report a problem
    7/12/2023Price change$735,000-5.2%$234/sqft
    Source: ARMLS #6569218 Report a problem
    7/6/2023Price change$775,000-3.1%$247/sqft
    Source: ARMLS #6569218 Report a problem
    6/15/2023Listed for sale$799,900-4.8%$255/sqft
    Source: ARMLS #6569218 Report a problem
    6/10/2023Listing removed$840,000$268/sqft
    Source: ARMLS #6521234 Report a problem
    2/16/2023Listed for sale$840,000+6.3%$268/sqft
    Source: ARMLS #6521234 Report a problem
    11/14/2022Listing removed$790,000$252/sqft
    Source: ARMLS #6400696 Report a problem
    9/26/2022Listed for sale$790,000+8.2%$252/sqft
    Source: ARMLS #6400696 Report a problem
    7/11/2022Listing removed$729,999$233/sqft
    Source: ARMLS #6400696 Report a problem
    6/20/2022Price change$729,999-2.7%$233/sqft
    Source: ARMLS #6400696 Report a problem
    5/16/2022Listed for sale$750,000+25%$239/sqft
    Source: ARMLS #6400696 Report a problem
    7/23/2021Sold$600,000$191/sqft
    Source: ARMLS #6245820 Report a problem
    7/22/2021Listed for sale$600,000$191/sqft
    Source: ARMLS #6245820 Report a problem
    7/15/2021Pending sale$600,000$191/sqft
    Source: ARMLS #6245820 Report a problem
    6/4/2021Listed for sale$600,000+297.4%$191/sqft
    Source: ARMLS #6245820 Report a problem
    6/29/2012Sold$151,000+77.6%$48/sqft
    Source: Public Record Report a problem
    11/17/2010Sold$85,000+6.3%$27/sqft
    Source: Public Record Report a problem
    7/10/2010Listing removed$80,000$26/sqft
    Source: Dominion Enterprises #4392309 Report a problem
    5/30/2010Listed for sale$80,000-73.3%$26/sqft
    Source: Dominion Enterprises #4392309 Report a problem
    12/15/2005Sold$300,000+36.4%$96/sqft
    Source: Public Record Report a problem
    10/1/2004Sold$220,000+38.4%$70/sqft
    Source: Public Record Report a problem
    8/30/2001Sold$159,000+22.4%$51/sqft
    Source: Public Record Report a problem
    1/27/1999Sold$129,900+32.6%$41/sqft
    Source: Public Record Report a problem
    6/13/1996Sold$98,000$31/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,440 +0.5%$64,080 +3%
    2024$1,433 -0.8%$62,200 +367.6%
    2023$1,445 +1.6%$13,303 -63.2%
    2022$1,421 +0.1%$36,130 +24.5%
    2021$1,420 +7%$29,010 +12.2%
    2020$1,327 +4.2%$25,860 +26.6%
    2019$1,273 $20,420 +9.2%
    2018$1,273 +3.1%$18,700 +0.3%
    2017$1,235 +8.4%$18,650 +4.2%
    2016$1,140 -7%$17,900 +16.6%
    2015$1,225 $15,350 +31.1%
    2014-- $11,710 +55.5%
    2013-- $7,530 -1.7%
    2012-- $7,660 -13%
    2011-- $8,800 -40%
    2010-- $14,660 -40.1%
    2009-- $24,470 -11.8%
    2008-- $27,750 +9%
    2007-- $25,450 +60.6%
    2006-- $15,850
    2005-- $15,850 +17%
    2004-- $13,550
    2003-- $13,550 +23.2%
    2002-- $11,000
    Find assessor info on the county website

    Neighborhood: Reed Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Longfellow Elementary School
    • Middle: Poston Junior High School
    • High: Mesa 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
    $812,000
    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
    $812,000

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