Two-Home Duplex
For Sale
$370,000
Pending
630 S GRAND Street, Mesa, AZ 85210
Multiple Dwellings, Mesa, AZ
Property Size1,784 SF
Days on Market70
Property Features for 630 S GRAND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4
Parking features
Off Street
Appliances
Free-Standing Range, Refrigerator, Washer/Dryer
Subdivision
MESA ARIZONA
Elementary school
Lincoln Elementary School
Middle school
Rhodes Junior High School
High school
Dobson High School
Elementary school district
Mesa Unified District
Middle school district
Mesa Unified District
High school district
Mesa Unified District
Standard status
Pending
APN
139-41-006-A
Taxes and HOA fees
Tax Year
2025
Tax Description
MESA TR AMCR 23-18 LOT 6 BLK 82 & ALSO ABAND ALLEY LY WLY OF & ADJ TO P/F 02-363846
Tax Annual Amount
958
Legal Description
MESA TR AMCR 23-18 LOT 6 BLK 82 & ALSO ABAND ALLEY LY WLY OF & ADJ TO P/F 02-363846
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Heat Pump, Central Air
Building Details
Year built
1940
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Painted, Stucco, Block
Roof type
Foam, Composition
Listing Agency:
My Rental Superstore
(480) 440-4505
Listed By:
Justin A Blinson
(480) 273-6442
Added: Jun 18
Changed: Aug 25
Last Checked: Aug 26 at 11:06AM
MLS# 7045588
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.
This RM-2 duplex property includes two separate homes on one lot with a combined layout of 6 bedrooms and 2 bathrooms across approximately 1,784 square feet. Both residences are occupied. Interior features include vinyl flooring, free-standing ranges, refrigerators, and washer/dryer units. Heating and cooling are provided by heat pumps, central air, and ceiling fans, while construction includes wood frame, stucco, painted surfaces, and block elements.
The property is located at 630 S GRAND Street in Mesa, Arizona 85210. Off-street parking, public sewer service, foam and composition roofing, and a 1940 construction date are included among the property features. RM-2 zoning supports the stated multifamily classification.
The property is located at 630 S GRAND Street in Mesa, Arizona 85210. Off-street parking, public sewer service, foam and composition roofing, and a 1940 construction date are included among the property features. RM-2 zoning supports the stated multifamily classification.
Key Highlights
- Two separate homes on one lot
- 6 bedrooms and 2 bathrooms
- Approximately 1,784 square feet of combined living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,855
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,100
$317.1K
Cap Rate 7%
$226,500
$226.5K
Cap Rate 9%
$176,167
$176.2K
Market Conditions
NOI Build-Up for 1,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.2K $13.56/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$22.7K $12.70/SF
− OpEx
−$6.8K −$3.81/SF
NOI
$15.9K $8.89/SF
Area
Mesa, AZ
Vacancy
6.37%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,100
Cap Rate 7%
$226,500
Cap Rate 9%
$176,167
Alternative Uses
Best Use
Multifamily LT 5
$226.5K
$198.2K – $264.3K
NOI $15,855 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$199.3K
$174.4K – $232.5K
NOI $13,952 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,231 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide flexible occupancy options with off-street parking and central cooling.
Where is this duplex located?
The property is located at 630 S GRAND Street Mesa, AZ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two separate homes on one lot; 6 bedrooms and 2 bathrooms; Approximately 1,784 square feet of combined living space
