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Apartment Community Near Downtown Mesa
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6521 E University Dr, Mesa, AZ 85205

Apartment community near employment, education, and lifestyle destinations.

Property Size23,800 SF
Price / SF$294.12
Days on Market182

Property Features for 6521 E University Dr

General Information

Standard status Active
Size 23,800 SF
Total Parking Spaces 59
Property subtype Multifamily

Building Details

Year Built 2003
Buildings 50
Stories 1
Units 28
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Paul Bay · License #AZ SA671037000
Source: Crexi
Added: Feb 20 Changed: Aug 8 Last Checked: Aug 8 at 3:24PM

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 Marcus & Millichap - Phoenix

Investment Insights

Based on property information with market context.

Bella Rosa is an apartment community located on the south side of University Drive, between Recker Road and Power Road, adjacent to the resurgence of downtown Mesa. The property is positioned to benefit from surrounding employment corridors, higher education facilities, and lifestyle destinations. Downtown Mesa is becoming a cultural mainstay for the Southeast Valley, with eateries, galleries, and annual events, including The Mesa Arts Center and the Mesa Music Festival. The property has access to the Superstition Employment Corridor running down US60, as well as Banner Health and Mesa Community College stationed in the Fiesta District. A Valley Metro light rail station within walking distance provides transportation to workplaces and Arizona State University. The property size is 23800 square feet.

Key Highlights

  • Prime location adjacent to the revitalized Downtown Mesa
  • Proximity to major employment corridors, including Downtown Mesa
  • Walking distance to a Valley Metro light rail station

Property Analytics

Current Use

Bella Rosa Apartments Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Gym & Fitness Center Spa & Massage Center Daycare Center

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

Location Intelligence

Trade Area within ½ mile

647
Businesses Nearby

Demographics for 85205, AZ

44,137
Population
23,473
Households
1.9
Avg Household Size
48
Median Age
30%
College-Educated
94%
High-School Grad
10.1 sq mi
ZIP Area
4,370
Density / Sq Mi
$71,294
Median Household Income
$46,378
Median Earnings
$1,363
Median Rent
$301,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Apartment community near employment, education, and lifestyle destinations.
Where is this apartment building located?
The property is located at 6521 E University Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Prime location adjacent to the revitalized Downtown Mesa; Proximity to major employment corridors, including Downtown Mesa; Walking distance to a Valley Metro light rail station
More about this property
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