Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1138 E 2Nd St Mesa, AZ 85203

    For Sale
    $765,000

    Four-unit property with remodeled kitchens and income potential near light rail.

    Property Features for 1138 E 2Nd St

    General Information

    Interior features
    Interior Feature 1, : "Central Air", "Interior Feature 2": "Free-Standing Range", "Interior Feature 3": "Microwave"
    Exterior features
    exterior_features, : ["Built-Up", "Foam", "Shake"]

    Building Details

    Year built
    1973

    Source: Professional Real Estate Negotiators Agent Professional Real Estate Negotiators

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mesa Fourplex Investment Opportunity

    This fourplex in Mesa presents an investment opportunity, featuring four units each with 2 bedrooms and 2 bathrooms, and 1000 square feet of living space. The property offers potential for increased income. The first-floor units include remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D has vinyl floors and a remodeled kitchen, while Unit C features a remodeled kitchen, laminate flooring in the living areas, and carpeted bedrooms. Most of the windows have been upgraded to vinyl dual-pane. A separate laundry building houses coin-operated machines, generating approximately $1,500 per year, in addition to tenant storage. The property is located steps from the light rail. The owner is responsible for water, sewer, trash, and laundry power. Long-term tenants are currently paying below-market rents, offering the potential for rent increases.
    Location Intelligence

    Current Use by Public Records

    ONGO Care Alternative Medicine Practitioner Ekole - Munchies Catering Food And Drink Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8062188
    Latitude
    33.418973

    Nearby Similar for Sale

    • $369,999

      Mesa Duplex with Fenced Yards

      Multifamily duplex in Mesa, Arizona, with large fenced yards.
      526 S Mesa Dr, Mesa, AZ 85210
      View Details
    • $379,999

      Downtown Mesa Duplex Near Lightrail

      Duplex in Downtown Mesa near the Light Rail.
      114 S Lebaron St, Mesa, AZ 85210
      View Details
    • New
      $485,000

      Mesa Multifamily Property Near Tempe

      Well-maintained duplex near freeways, ASU, and shopping.
      238 N Standage St, Mesa, AZ 85201
      View Details
    • New
      $499,900

      Mesa Duplex with Updated Features

      Well-maintained duplex near amenities with updated features and private yards.
      1150 N Wedgewood Cir, Mesa, AZ 85203
      View Details
    • $595,000

      Mesa Triplex Investment Opportunity

      Well-maintained triplex in Mesa with strong rental history.
      536 N Hall --, Mesa, AZ 85203
      View Details
    • $775,000
      Pending

      Mesa Multifamily Investment Opportunity

      Four-unit multifamily property with renovated units and strong rental income.
      1826 Spring N, Mesa, AZ 85203
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with remodeled kitchens and income potential near light rail.
    Where is this quadplex located?
    The property is located at 1138 E 2Nd St Mesa, AZ.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: - Four spacious 2-bed, 2-bath units (1000 sqft each) offer comfortable living spaces.; - Significant rent increase potential due to below-market rents with long-term tenants.; - Remodeled kitchens in multiple units enhance appeal and reduce immediate renovation needs.
    Request Owner's contact information
    1138 E 2Nd St Mesa, AZ 85203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1138 E 2Nd St
    Mesa, AZ 85203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1138 E 2Nd St Mesa, AZ 85203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.