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Patio-Style Apartment Building
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302 S Pioneer, Mesa, AZ 85204

Patio-style multifamily with five 1-bedroom units and one 2-bedroom unit, plus covered parking and tenant storage.

Property SizeContact for details
Days on Market134

Property Features for 302 S Pioneer

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Cap Rate 5.9%
Multifamily Units 6

Amenities

patio style building
private yards
covered parking
storage units
irrigated lawn

Building Details

Tenancy Multi
Listing Agency: MHG Commercial
Listed By: Carla Magee · License #SA685362000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 10:17AM

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 MHG Commercial

Investment Insights

Based on property information with market context.

This patio-style apartment building includes five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The property is described as well maintained and features private yards, an irrigated lawn, and light remodel potential. On-site amenities for tenants and the owner include covered parking and storage units.

The property is positioned for convenience, with access described as within walking distance of light rail, an elementary school, and nearby entertainment, employment, and schools.

As presented in the public remarks, the proforma cap rate is 5.9% (all figures approximate and buyer to verify MLS information). Drive-by only; do not disturb tenants.

Key Highlights

  • Patio‑style multifamily with 5 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit
  • Covered parking and tenant storage units included
  • Irrigated lawn maintained on‑site

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home Pharmacy Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,078
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Patio-style multifamily with five 1-bedroom units and one 2-bedroom unit, plus covered parking and tenant storage.
Where is this apartment building located?
The property is located at 302 S Pioneer Mesa, AZ.
What are key features of this property?
This property features: Patio‑style multifamily with 5 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit; Covered parking and tenant storage units included; Irrigated lawn maintained on‑site
(480) 359-7796 Call to check price and availability
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