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    532 S Mesa Dr Mesa, AZ 85210

    For Sale
    $580,000

    MULTI_FAMILY - Mesa, AZ

    Days on Market:
    117
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 532 S Mesa Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi Family
    APN
    139-36-080-E
    Parking features
    Assigned
    Appliances
    Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1981
    Number of units
    3
    Flooring type
    Tile - Ceramic, Vinyl
    Building materials
    Wood Frame, Stucco
    Roof type
    Composition

    ProSmart Realty (480) 540-2213 [email protected]

    Listing agent Saima Gillani (480) 516-2972

    Listing date Aug 13, 2025

    MLS# 6842303 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mesa Multifamily Investment Opportunity

    This multifamily property in Mesa, Arizona, presents an investment opportunity. The property features three units: one on the lower level, one on the ground level, and one on the upper level. Each unit includes its own washer and dryer. The property is located in close proximity to Mesa Community College and major freeways. All units are tenant-occupied on month-to-month leases at $1,000 per month, with the potential to increase rents to between $1,300 and $1,400 per month per unit. The property offers stable occupancy, no HOA fees, and low maintenance. It is located close to education, transportation, shopping, and dining. The property is zoned for multi-family use and is located in Maricopa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.823897
    Latitude
    33.405049

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near Mesa Community College with income potential.
    Where is this triplex located?
    The property is located at 532 S Mesa Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Strong cash flow with current tenant occupancy at $1,000 per unit.; - Potential to increase rents to $1,300-$1,400 per month per unit.; - Prime Mesa location near Mesa Community College and major freeways.
    (480) 516-2972
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    Mesa, AZ 85210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    532 S Mesa Dr Mesa, AZ 85210
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