7-Unit Apartment
For Sale
$399,900
Pending
102 S Pomeroy, Mesa, AZ 85201
Seven one-bedroom residences near Downtown Mesa with walking access to light rail and an established tenant base.
Property SizeContact for details
Days on Market19
Property Features for 102 S Pomeroy
General Information
Standard status
Pending
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$24,380
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Additional Details
Cap Rate
6.1%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,406
Building Details
Buildings
1
Listing Agency:
eXp Realty
(480) 703-3316
Listed By:
Shane M. Cook · License #SA5857170000
(480) 703-3316
Source:
Exprealty
Added: Jul 25
Changed: Aug 10
Last Checked: Aug 11 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This multifamily property at 102 S Pomeroy comprises seven one-bedroom, one-bathroom apartments. The building offers a uniform unit configuration, with many residents maintaining long-term occupancy; some tenancies have extended for decades. The most recent turnover documentation dates to 2024.
The property is positioned near Downtown Mesa and within walking distance of light rail. It is reported at a 6.1 cap rate, with tenant stability and unit turnover providing the operating context for the existing income profile.
The property is positioned near Downtown Mesa and within walking distance of light rail. It is reported at a 6.1 cap rate, with tenant stability and unit turnover providing the operating context for the existing income profile.
Key Highlights
- Seven apartment units, each configured with 1 bedroom and 1 bathroom
- Walking distance to light rail near Downtown Mesa
- Many tenants have remained for several years, with some residencies spanning decades
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven one-bedroom residences near Downtown Mesa with walking access to light rail and an established tenant base.
Where is this apartment building located?
The property is located at 102 S Pomeroy Mesa, AZ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Seven apartment units, each configured with 1 bedroom and 1 bathroom; Walking distance to light rail near Downtown Mesa; Many tenants have remained for several years, with some residencies spanning decades
