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5-Unit Apartment Building
For Sale
$785,000

313 N Horne, Mesa, AZ 85203

Two buildings on one lot offer shared laundry, individual storage rooms, and parking at the front and rear.

Property SizeContact for details
Days on Market24

Property Features for 313 N Horne

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 3 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1,975

Amenities

shared laundry room
storage room
large shade trees

Building Details

Buildings 2
Listing Agency: Better Homes & Gardens Real Estate SJ Fowler
Listed By: Robert Towne
Source: Exprealty
Added: Oct 2 Changed: Oct 21 Last Checked: Oct 24 at 6:07PM

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 Better Homes & Gardens Real Estate SJ Fowler

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Investment Insights

Based on property information with market context.

This five-unit apartment property consists of two buildings on one lot. The unit mix includes three two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Each two-bedroom unit is approximately 990 square feet, while each one-bedroom unit is approximately 700 square feet. A shared laundry room has a CSC Services washer and dryer, and every unit has its own storage room.

Parking is available in a large lot and in front of the buildings. Mature shade trees are also present on the property, which is near shopping and food options.

Key Highlights

  • Five apartments: three 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • Two buildings occupy one lot
  • 2‑bedroom units are approximately 990 square feet each

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,106
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings on one lot offer shared laundry, individual storage rooms, and parking at the front and rear.
Where is this apartment building located?
The property is located at 313 N Horne Mesa, AZ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Five apartments: three 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; Two buildings occupy one lot; 2‑bedroom units are approximately 990 square feet each
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