Upper-Level Residential Income
For Sale
$217,500
1331 W Baseline Rd #209, Mesa, AZ 85202
Two-bedroom, two-bath home includes a private patio and full-size laundry appliances.
Property Size1,188 SF
Price / SF$183.08
Days on Market69
Property Features for 1331 W Baseline Rd #209
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
lakes
recreation facilities
swimming pools
sports courts
walking trails
landscaped outdoor spaces
washer/dryer
Building Details
Year Built
1983
Listing Agency:
Ember + Stone Realty
(303) 990-2991
Listed By:
The Carin Nguyen Real Estate Network
(602) 832-7005
Source:
Azhomesold
Added: Aug 14
Changed: Oct 21
Last Checked: Oct 20 at 8:04PM
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 Ember + Stone Realty
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Investment Insights
Based on property information with market context.
This upper-level residence in Dobson Bay Club offers a two-bedroom, two-bath layout with an expansive living area and abundant natural light. The kitchen opens directly to the main living space, while the primary bedroom includes patio access and an en-suite bath. The second bedroom can accommodate guests or serve as a home office, and a full-size washer and dryer are included. The property was built in 1983.
Residents have access to the broader Dobson Ranch setting, which includes lakes, swimming pools, sports courts, walking trails, recreation facilities, and landscaped outdoor areas. Dobson Ranch Golf Course is minutes away and offers championship golf, a driving range, and clubhouse amenities. Shopping, dining, entertainment, and freeway access are also described as nearby.
Residents have access to the broader Dobson Ranch setting, which includes lakes, swimming pools, sports courts, walking trails, recreation facilities, and landscaped outdoor areas. Dobson Ranch Golf Course is minutes away and offers championship golf, a driving range, and clubhouse amenities. Shopping, dining, entertainment, and freeway access are also described as nearby.
Key Highlights
- Two‑bedroom, two‑bath upper‑level residence in Dobson Bay Club
- Primary bedroom includes private patio access and an en‑suite bath
- Kitchen connects directly with the main living area
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.
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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-bedroom, two-bath home includes a private patio and full-size laundry appliances.
Where is this residential income property located?
The property is located at 1331 W Baseline Rd #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: Two‑bedroom, two‑bath upper‑level residence in Dobson Bay Club; Primary bedroom includes private patio access and an en‑suite bath; Kitchen connects directly with the main living area
