Four-Plex Residential Income
For Sale
$749,999
1861 N SPRING, Mesa, AZ 85203
MULTI_FAMILY - Mesa, AZ
Property SizeContact for details
Days on Market51
Property Features for 1861 N SPRING
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi
Appliances
Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup
Subdivision
NORTH MESA VILLAGE
Elementary school district
Mesa Unified District
Middle school district
Mesa Unified District
High school district
Mesa Unified District
Standard status
Active
APN
136-24-125
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 21 NORTH MESA VILLAGE MCR 024250
Tax Annual Amount
1483
Legal Description
LOT 21 NORTH MESA VILLAGE MCR 024250
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Amenities
individually metered units
granite countertops
newer A/C unit
Building Details
Year built
1984
Number of units
4
Flooring type
Wood
Building materials
Wood Frame, Painted
Roof type
Composition
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Silvia Del Toro Ochoa · License #SA701849000
(623) 760-3742
Added: Jun 23
Changed: Aug 3
Last Checked: Aug 12 at 8:06AM
MLS# 7045584
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-plex offers four 2-bedroom, 1-bath residential units, presented as a turnkey property with all units currently occupied. Each unit has its own individual utility metering, supporting straightforward billing and tenant responsibility. Property updates include granite countertops in select units, with two units noted as updated. A newer A/C unit is also included, providing added assurance for day-to-day climate control.
Located in Mesa, Arizona, the property is positioned for practical everyday convenience, with shopping, dining, schools, and major freeways described as nearby. The address is 1861 N Spring, Mesa, AZ 85203, and the asset is classified for multifamily use under the provided Multi zoning designation.
For investors or operators seeking a small multifamily asset, the unit mix and individual metering are useful for management and expense allocation. With two units identified as updated and the remaining units offering room for improvement, this property can support a range of ownership strategies centered on maintaining and upgrading in-place housing. The existing occupancy provides an established operating baseline for a buyer looking at four-plex residential income opportunities.
Located in Mesa, Arizona, the property is positioned for practical everyday convenience, with shopping, dining, schools, and major freeways described as nearby. The address is 1861 N Spring, Mesa, AZ 85203, and the asset is classified for multifamily use under the provided Multi zoning designation.
For investors or operators seeking a small multifamily asset, the unit mix and individual metering are useful for management and expense allocation. With two units identified as updated and the remaining units offering room for improvement, this property can support a range of ownership strategies centered on maintaining and upgrading in-place housing. The existing occupancy provides an established operating baseline for a buyer looking at four-plex residential income opportunities.
Key Highlights
- Fully occupied 4‑plex with four 2‑bedroom, 1‑bath units
- Each unit is approximately 867 SF, for a total of about 3,468 SF
- Individually metered units; served by public sewer
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
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?
Quadplex - Four occupied 2-bedroom, 1-bath units with individually metered utilities and recent A/C in a Mesa, AZ setting.
Where is this quadplex located?
The property is located at 1861 N SPRING Mesa, AZ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Fully occupied 4‑plex with four 2‑bedroom, 1‑bath units; Each unit is approximately 867 SF, for a total of about 3,468 SF; Individually metered units; served by public sewer
