Residential Income
2220 W DORA Street 114, Mesa, AZ 85201
For Sale
$187,900
The two-bedroom, two-bath unit features quartz counters, stainless steel appliances, and built-in laundry.
Property Size948 SF
Price / SF$198.21
Days on Market348
Property Features for 2220 W DORA Street 114
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
gated community
security cameras
heated pool
jacuzzi
built-in washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Congress Realty, Inc.
Listed By:
Jared A English · License AZ #0561973
(888) 881-4118
Source:
Arizonaproperrealestate
Added: Nov 28, 2025
Changed: Nov 7
Last Checked: Nov 9 at 12:26PM
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 Congress Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 948-square-foot condominium has two bedrooms and two bathrooms. Interior work includes remodeled finishes, quartz countertops, stainless steel appliances, and laminate flooring with no carpet. A custom washer and dryer are built in, and the water heater was replaced in November 2023. The kitchen was reconfigured to provide additional counter space, and sliding doors open to a patio. The living room and primary bedroom face the community’s heated pool and Jacuzzi.
The property is in a gated community with security cameras. Shopping, restaurants, entertainment, the light rail, Riverview Park, and colleges are nearby. The building dates to 1982.
The property is in a gated community with security cameras. Shopping, restaurants, entertainment, the light rail, Riverview Park, and colleges are nearby. The building dates to 1982.
Key Highlights
- 948‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Updated interior with quartz countertops and stainless steel appliances
- Built‑in washer and dryer; water heater replaced in November 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,761
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,220
$215.2K
Cap Rate 7%
$153,729
$153.7K
Cap Rate 9%
$119,567
$119.6K
Market Conditions
NOI Build-Up for 948 SF
Gross rent
$20.7K $21.84/SF
− Vacancy
−$1.1K −$1.20/SF
EGI
$19.6K $20.64/SF
− OpEx
−$8.8K −$9.29/SF
NOI
$10.8K $11.35/SF
Area
ZIP 85201
Vacancy
5.50%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,220
Cap Rate 7%
$153,729
Cap Rate 9%
$119,567
Alternative Uses
Best Use
Apartment 5plus
$153.7K
$134.5K – $179.4K
NOI $10,761 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.7K
$215.0K – $286.7K
NOI $17,201 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Market
Properties on Market for Residential income properties in Mesa
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath unit features quartz counters, stainless steel appliances, and built-in laundry.
Where is this residential income property located?
The property is located at 2220 W DORA Street 114 Mesa, AZ.
What is the asking price?
The asking price for this property is $187,900.
What are key features of this property?
This property features: 948‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Updated interior with quartz countertops and stainless steel appliances; Built‑in washer and dryer; water heater replaced in November 2023
