Three-Bedroom Residential
For Sale
$217,500
1331 W BASELINE Road 209, Mesa, AZ 85202
Two primary suites have private balconies facing the community pool.
Property Size1,188 SF
Price / SF$183.08
Days on Market95
Property Features for 1331 W BASELINE Road 209
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$938
Amenities
resort-style pool and spa
BBQ areas
mature trees
three recreation centers
multiple pools
splash pad
seven lakes
tennis courts
racquetball courts
pickleball courts
volleyball courts
basketball courts
playgrounds
scenic walking paths
Building Details
Building Size
1,188 SF
Year Built
1983
Listing Agency:
HomeSmart
Listed By:
Steve Anderes
(206) 713-4402
Source:
Inspiredrealestatelife
Added: Jul 31
Changed: Oct 27
Last Checked: Oct 30 at 12:33AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
Built in 1988, this 1,688-square-foot residence has three bedrooms, including two primary suites with private balconies and updated en-suite bathrooms. The main level features an open living and dining arrangement, a fireplace, kitchen island, stainless steel appliances, laundry room, half bath and storage. Three balconies provide outdoor space, with pool views from the dining area and upper-level suites.
The home is part of Dobson Bay Club within Dobson Ranch. Community amenities include a resurfaced pool and spa, barbecue areas, recreation centers, additional pools, a splash pad, seven lakes, sports courts, playgrounds and walking paths. HOA coverage includes roof replacement, blanket insurance, water, sewer, trash and pest control.
The home is part of Dobson Bay Club within Dobson Ranch. Community amenities include a resurfaced pool and spa, barbecue areas, recreation centers, additional pools, a splash pad, seven lakes, sports courts, playgrounds and walking paths. HOA coverage includes roof replacement, blanket insurance, water, sewer, trash and pest control.
Key Highlights
- 1,688‑square‑foot residence built in 1988
- Three bedrooms, including two primary suites with updated en‑suite bathrooms
- Three balconies; pool views from the dining area and primary suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,291
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,820
$185.8K
Cap Rate 7%
$132,729
$132.7K
Cap Rate 9%
$103,233
$103.2K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$18.1K $15.24/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$16.9K $14.22/SF
− OpEx
−$7.6K −$6.40/SF
NOI
$9.3K $7.82/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,820
Cap Rate 7%
$132,729
Cap Rate 9%
$103,233
Alternative Uses
Best Use
Apartment 5plus
$132.7K
$116.1K – $154.9K
NOI $9,291 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.6K
$284.9K – $379.9K
NOI $22,795 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
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Business Placement
Demographics for 85202, AZ
39,626
Population
18,077
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
6,391
Density / Sq Mi
$66,582
Median Household Income
$42,083
Median Earnings
$1,431
Median Rent
$334,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two primary suites have private balconies facing the community pool.
Where is this residential income property located?
The property is located at 1331 W BASELINE Road 209 Mesa, AZ.
What is the asking price?
The asking price for this property is $217,500.
What are key features of this property?
This property features: 1,688‑square‑foot residence built in 1988; Three bedrooms, including two primary suites with updated en‑suite bathrooms; Three balconies; pool views from the dining area and primary suites
