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Five-Unit Apartment Property
New
For Sale
$815,000

313 N Horne Street, Mesa, AZ 85203

Multiple Dwellings, Mesa, AZ

Property SizeContact for details
Days on Market4

Property Features for 313 N Horne Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM2
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 8
Appliances Dishwasher, Refrigerator, Free-Standing Electric Oven
Directions From University head South to property on the East side of Horne.
Standard status Active
APN 138-21-011

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1975

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air, Ceiling Fan(s)

Amenities

laundry room
storage rooms

Building Details

Year built 1971
Number of units 5
Flooring type Tile, Carpet
Building materials Painted, Slump Block
Roof type Composition
Listing Agency: Better Homes & Gardens Real Estate SJ Fowler · Real Living
Listed By: Robert Towne
Added: Oct 2 Last Checked: Oct 5 at 12:06AM
MLS# 7088462

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.

The property includes five apartments across two buildings on one lot. Three units have two bedrooms and one bathroom, with approximately 990 square feet each; the other two have one bedroom and one bathroom, with approximately 700 square feet each. Residents have access to a shared laundry room with a washer and dryer, plus an individual storage room for each unit. The buildings date to 1971, and the property is zoned RM2.

Parking is available in a large lot and in front of the buildings. Mature shade trees are also present, and shopping is nearby.

Key Highlights

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

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Veterinary Clinic Pet Grooming Service

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two structures occupy one parcel, with shared laundry and separate storage for each residence.
Where is this apartment building located?
The property is located at 313 N Horne Street Mesa, AZ.
What is the asking price?
The asking price for this property is $815,000.
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 on one lot; 2‑bedroom units are approximately 990 square feet each
More about this property
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