Updated Ground-Floor Residential
205 N 74th St #154, Mesa, AZ 85207
For Sale
$249,900
End-unit residence with extensive interior upgrades and direct proximity to the community pool and spa.
Property Size1,342 SF
Price / SF$186.21
Days on Market54
Property Features for 205 N 74th St #154
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
heated pool
spa
Building Details
Year Built
Listing Agency:
Professional Partners
(623) 939-8900
Listed By:
AZ & Associates
(602) 456-7600
Source:
Azandassociates
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 8:33AM
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 Professional Partners
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Investment Insights
Based on property information with market context.
Unit 154 is a 1,342-square-foot, ground-floor end-unit residence at 205 N 74th St in Mesa, Arizona. Built in 1986, the property has been comprehensively updated with a new AC system, water heater, luxury vinyl plank flooring, interior paint, plumbing fixtures, lighting, electrical devices, door hardware, and window treatments.
The kitchen includes resurfaced cabinetry, quartz countertops, a large single-bowl sink, garbage disposal, and new stove, dishwasher, and microwave. Both bathrooms feature new quartz-top vanities and professionally resurfaced tub or shower enclosures, with a 4-year transferable warranty on the enclosure work. The end-unit position provides direct access to the community heated pool and spa.
The kitchen includes resurfaced cabinetry, quartz countertops, a large single-bowl sink, garbage disposal, and new stove, dishwasher, and microwave. Both bathrooms feature new quartz-top vanities and professionally resurfaced tub or shower enclosures, with a 4-year transferable warranty on the enclosure work. The end-unit position provides direct access to the community heated pool and spa.
Key Highlights
- 1,342‑square‑foot ground‑floor end unit in Mesa, AZ
- End‑unit position with access to the community heated pool and spa
- New AC unit and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,001
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,020
$280.0K
Cap Rate 7%
$200,014
$200.0K
Cap Rate 9%
$155,567
$155.6K
Market Conditions
NOI Build-Up for 1,342 SF
Gross rent
$26.6K $19.80/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$25.5K $18.97/SF
− OpEx
−$11.5K −$8.54/SF
NOI
$14.0K $10.43/SF
Area
ZIP 85207
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,020
Cap Rate 7%
$200,014
Cap Rate 9%
$155,567
Alternative Uses
Best Use
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,001 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 9.45%
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
529
Businesses Nearby
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Business Placement
Demographics for 85207, AZ
50,108
Population
22,747
Households
2.2
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
29.4 sq mi
ZIP Area
1,704
Density / Sq Mi
$99,439
Median Household Income
$50,509
Median Earnings
$1,595
Median Rent
$460,800
Median Home Value
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Market
Properties on Market for Residential income properties in Mesa
Frequently Asked Questions
What type of property is this?
Residential income property - End-unit residence with extensive interior upgrades and direct proximity to the community pool and spa.
Where is this residential income property located?
The property is located at 205 N 74th St #154 Mesa, AZ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,342‑square‑foot ground‑floor end unit in Mesa, AZ; End‑unit position with access to the community heated pool and spa; New AC unit and water heater
