Apartment Building With Expansion
For Sale
$1,300,000
1500 East Dana Avenue, Mesa, AZ 85204
Garden-style multifamily property with renovated units and approved plans for additional residential development.
Property SizeContact for details
Days on Market160
Property Features for 1500 East Dana Avenue
General Information
Standard status
Active
Property subtype
Multiple Dwellings
Zoning
RM-2
Net Operating Income
$87,255
Units
Unit Mix
1 x studio, 1 x 1BR/1BA, 3 x 2BR/1BA, 1 x 2BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$1,884
Amenities
Central Air, Electric, Individual
Individual, Electric
Tile, Laminate, Ceramic Tile
Yes
Composition
No Pool
2
15
Painted, Block
Building Details
Year Built
1971
Year Renovated
2022
Construction
garden-style
Listing Agency:
Orion Investment Real Estate
(970) 219-3038
Listed By:
Jackson Everhart · License #SA689433000
(970) 219-3038
Source:
Compass
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 6:07AM
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 Orion Investment Real Estate
Investment Insights
Based on property information with market context.
This garden-style apartment property includes 7 existing units, with renovations completed in 2022. The current mix comprises 1 studio, 1 one-bedroom/one-bath unit, 3 two-bedroom/one-bath units, 1 two-bedroom/one-and-a-half-bath unit, and 1 three-bedroom/two-bath unit. The property was built in 1971 and is zoned RM-2.
Approved site plans provide for 8 additional two-bedroom/two-bath units on the adjacent parcel. The existing asset and planned expansion are located at 1500 East Dana Avenue in Mesa, Arizona.
Approved site plans provide for 8 additional two-bedroom/two-bath units on the adjacent parcel. The existing asset and planned expansion are located at 1500 East Dana Avenue in Mesa, Arizona.
Key Highlights
- 7 garden‑style units renovated in 2022
- Approved site plans for 8 additional 2bed/2bath units
- Unit mix includes 1 studio, 1 1bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
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 - Garden-style multifamily property with renovated units and approved plans for additional residential development.
Where is this apartment building located?
The property is located at 1500 East Dana Avenue Mesa, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7 garden‑style units renovated in 2022; Approved site plans for 8 additional 2bed/2bath units; Unit mix includes 1 studio, 1 1bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath
