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78-Unit Apartment Building in Shell Condition
For Sale
$3,995,000

Ofc-152 N 56th St, Mesa, AZ 85206

Two-story, full-basement apartment building on 1.79 acres zoned R-5, currently in shell condition after interior demolition.

Property Size61,979 SF
Lot Size1.79 Acres
Price / SF$64.46
Days on Market65

Property Features for Ofc-152 N 56th St

General Information

Standard status Active
Size 61,979 SF
Lot size 1.79 Acres
Zoning R-5

Units

Unit Mix 30 x 1BR, 48 x studio
Multifamily Units 78

Amenities

large common areas
partial commercial kitchen infrastructure
rooftop solar

Building Details

Buildings 1
Stories 2
Listing Agency: W and Partners, LLC
Listed By: Macy Mendyke
Source: Exprealty
Added: May 28 Changed: Jul 31 Last Checked: Jul 31 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 W and Partners, LLC

Investment Insights

Based on property information with market context.

152 N 56th Street is a 78-unit, 61,969 SF two-story apartment building on 1.79 acres in Mesa, AZ. The vacant property is zoned R-5 (buyer to verify permitted uses) and is currently in shell condition following interior demolition.

The building includes a full basement and 78 units made up of 30 one-bedrooms and 48 studios, each with private baths. Large common areas are in place, along with partial commercial kitchen infrastructure. The property also includes rooftop solar.

The asset was formerly Copper Heights Assisted Living, and it offers redevelopment potential for multifamily, assisted living, memory care, behavioral health, or other uses subject to buyer verification and applicable approvals. Seller financing may be available to qualified buyers.

Key Highlights

  • 78 units: 30 one‑bedrooms and 48 studios with private baths
  • Two‑story building with a full basement, currently in shell condition after interior demolition
  • 61,969 SF building on 1.79 acres in Mesa, AZ

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage HVAC Service Accounting Firm

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

78
Residential units

Location Intelligence

Trade Area within ½ mile

447
Businesses Nearby

Demographics for 85206, AZ

36,713
Population
19,078
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
3,906
Density / Sq Mi
$69,986
Median Household Income
$45,422
Median Earnings
$1,717
Median Rent
$322,600
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 - Two-story, full-basement apartment building on 1.79 acres zoned R-5, currently in shell condition after interior demolition.
Where is this apartment building located?
The property is located at Ofc-152 N 56th St Mesa, AZ.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 78 units: 30 one‑bedrooms and 48 studios with private baths; Two‑story building with a full basement, currently in shell condition after interior demolition; 61,969 SF building on 1.79 acres in Mesa, AZ
More about this property
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