Two-Bedroom
For Sale
$237,999
1331 W Baseline Road Unit 244, Mesa, AZ 85202
A gated community residence with pool, spa, grassy areas, and one assigned covered parking space.
Property Size1,188 SF
Price / SF$200.34
Days on Market69
Property Features for 1331 W Baseline Road Unit 244
General Information
Standard status
Active
Size
1,188 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$953
Amenities
pool
spa
grassy play spaces
gated community
Building Details
Building Size
1,188 SF
Year Built
1990
Listing Agency:
The Maricopa Real Estate Company
Listed By:
Magdalena Butz · License #SA658697000
(520) 840-6927
Source:
Inspiredrealestatelife
Added: Aug 26
Changed: Oct 28
Last Checked: Oct 30 at 12:34AM
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 The Maricopa Real Estate Company
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Investment Insights
Based on property information with market context.
This 1,188-square-foot condominium in Dobson Bay Club has two bedrooms and two bathrooms. The eat-in kitchen includes a breakfast bar. Interior paint and vinyl flooring were updated, the air-conditioning unit and stove and dishwasher were replaced in 2023, and the roof was replaced in 2021. One assigned covered parking space is included.
The gated community offers a pool, spa, and grassy play areas. The property is on W Baseline Road in Mesa, with access to the 60 and 101 freeways and proximity to Sky Harbor Airport, Arizona State University, Mesa Community College, shops, and restaurants. Monthly fees cover water, sewer, trash, a blanket insurance policy, and common-area amenities.
The gated community offers a pool, spa, and grassy play areas. The property is on W Baseline Road in Mesa, with access to the 60 and 101 freeways and proximity to Sky Harbor Airport, Arizona State University, Mesa Community College, shops, and restaurants. Monthly fees cover water, sewer, trash, a blanket insurance policy, and common-area amenities.
Key Highlights
- 1,188‑square‑foot condominium with two bedrooms and two bathrooms
- Air‑conditioning unit, stove, and dishwasher replaced in 2023
- Roof replaced in 2021; interior paint and vinyl flooring updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,291
Cap Rate
3.90%
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 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.6K
$284.9K – $379.9K
NOI $22,795 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
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 - A gated community residence with pool, spa, grassy areas, and one assigned covered parking space.
Where is this residential income property located?
The property is located at 1331 W Baseline Road Unit 244 Mesa, AZ.
What is the asking price?
The asking price for this property is $237,999.
What are key features of this property?
This property features: 1,188‑square‑foot condominium with two bedrooms and two bathrooms; Air‑conditioning unit, stove, and dishwasher replaced in 2023; Roof replaced in 2021; interior paint and vinyl flooring updated
