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Renovated Triplex with Basements
For Sale
$525,000

B-532 S Mesa Dr, Mesa, AZ 85201

Fully leased three-unit property with updated finishes, separate private backyards, and tenant-friendly storage areas.

Property SizeContact for details
Days on Market77

Property Features for B-532 S Mesa Dr

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Additional Details

Gross Income $38,328
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $802

Amenities

private backyards
basements
parking lot

Building Details

Buildings 1
Listing Agency: Real Broker
Listed By: Kelly Cook · License #SA562405000
Source: Exprealty
Added: Jun 19 Changed: Sep 1 Last Checked: Sep 2 at 6:51PM

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 Real Broker

Investment Insights

Based on property information with market context.

This three-unit multifamily property is fully leased and arranged with one residence upstairs and two at ground level. The lower units include private backyards and basements. Improvements include a new roof completed in February 2026, exterior paint from 2025, updated flooring and bathrooms, and PEX plumbing installed through prior renovations.

The property is located on S Mesa Dr in Mesa, Arizona, with parking in a lot designated for the three-triplex private area. The owner covers water, sewer, and trash, while tenants pay electric. Tenant access is currently restricted to drive-by viewing.

Key Highlights

  • Fully leased triplex with one upstairs unit and two downstairs units
  • New roof completed February 2026
  • Exterior paint completed in 2025

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Computer & Electronic Repair Pet Grooming Service (Bike/Boat/Book/etc) Store Pet Store Pharmacy Travel Agency

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,597
Businesses Nearby

Demographics for 85201, AZ

51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
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?
Triplex - Fully leased three-unit property with updated finishes, separate private backyards, and tenant-friendly storage areas.
Where is this triplex located?
The property is located at B-532 S Mesa Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully leased triplex with one upstairs unit and two downstairs units; New roof completed February 2026; Exterior paint completed in 2025
More about this property
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