Mesa, AZ Multifamily Properties for Sale

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Updated: Aug 12

Two-Unit Duplex with R-5 Zoning

401 S 97TH Way, Mesa, AZ 85208

$569,900

2,496 sqft

Two 3‑bedroom/2‑bath units
2496 total square feet
R‑5 zoning
Open floorplans with high ceilings
Upgraded finishes in both units

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Here's a quick look at some key insights for

401 S 97TH Way, Mesa, AZ 85208

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Est. Cap Rate

3.9%
NOI ÷ price
Est. NOI

$22K
Annual
Price @ 7% Cap

$317K
Suggested
Property Type

Mobile Home
Built 1971

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Updated: Aug 17

Upgraded Duplex Property

435 S 96TH Street, Mesa, AZ 85208

$564,900

Duplex with two mirrored units, each offering 3 bedrooms, 2 bathrooms, and 1,000 sq ft
Quartz countertops, soft‑close cabinetry, crown molding, pantry, and new appliances in both kitchens
Tile flooring, spacious closets, tankless water heaters, and interior laundry hookups
Electricity is individually metered for each unit; owner covers water
Concrete driveways and low‑maintenance gravel landscaping

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New Construction Duplex

715 S 97TH Street, Mesa, AZ 85208

$564,900

Two mirrored residences offer upgraded finishes, private laundry connections, and separately metered electricity.

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Updated Townhouse-Style Quadplex

457 E 9TH Avenue, Mesa, AZ 85204

$900,000

Four occupied two-bedroom units feature private yards and individual laundry rooms.

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Four-Unit Multifamily Property

1861 N SPRING, Mesa, AZ 85203

$749,999

Fully occupied residential income property with individually metered units and select updated interiors.

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Triplex with Private Backyards

532 S MESA Drive, Mesa, AZ 85210

$525,000

Fully leased three-unit property with basement space, dedicated parking, and recent building improvements.

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Two-Unit Duplex with Backyards

4612 E CAMINO Street, Mesa, AZ 85205

$505,000

Both residences include private outdoor areas and individual air conditioning units.

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78-Unit Apartment Building in Shell Condition

Ofc-152 N 56th St, Mesa, AZ 85206

$3,995,000

61,979 sqft 1.79 AC lot

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

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Updated Fourplex With Shared Laundry

2650 E MCKELLIPS Road, Mesa, AZ 85213

$715,000

Updated interiors include communal laundry facilities, storage space, and a private pool.

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Duplex with Separate Yards

449 N DREW Street E, Mesa, AZ 85201

$399,000

Two self-contained residences offer private access, individual utilities, and covered parking with additional on-site spaces.

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Mixed-Use Property with Gated Lot

8213-8215 E Main Street, Mesa, AZ 85207

$1,799,900

5,555 sqft 0.66 AC lot

Includes apartments, retail space, automotive-oriented commercial parcels, and a gated lot connected to 1st Avenue.

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Duplex With Private Fenced Yards

216 S HOBSON, Mesa, AZ 85204

$463,000

Two separately fenced residences offer private outdoor space, dedicated parking options, and established occupancy.

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Remodeled Duplex with Private Yards

1063 N July Circle, Mesa, AZ 85203

$575,000

Two residential units feature updated interiors, private backyard areas, and central heating and air conditioning.

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Duplex With Separate Homes

630 S Grand, Mesa, AZ 85210

$370,000

1,784 sqft

A two-residence layout places distinct living spaces on one parcel.

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New 4-Unit Quadplex

8232 E UNIVERSITY Drive, Mesa, AZ 85207

$1,499,900

Under-construction residential income property with attached garages and access to shared community amenities.

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Fourplex with Attached Garage

8232 E UNIVERSITY Drive, Mesa, AZ 85207

$1,499,900

Open interiors feature upgraded kitchens, private bedroom accommodations, and a downstairs primary suite.

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Triplex With Private Garages

41 W 7TH Street, Mesa, AZ 85201

$519,990

Occupied multifamily property with individual garages, storage closets, and laundry hookups for every residence.

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Duplex with Covered Carports

5220 E BOISE Street, Mesa, AZ 85205

$370,000

Two residences provide distinct floor plans, individual covered parking, and optional access to community amenities.

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Four-Unit Quadplex with Updates

1861 N Spring --, Mesa, AZ 85203

$749,999

Fully occupied multifamily property with individually metered units and select granite countertops.

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Four-Unit Quadplex

834 N CHERRY, Mesa, AZ 85201

$699,000

RM-3 multifamily property with updated interiors, individual electric metering, and enclosed outdoor areas for select units.

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Triplex Apartment Building

1540 E BROADWAY Road, Mesa, AZ 85204

$595,000

Apartment mix includes renovated interiors, established tenants, and shared courtyard and common-area use.

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Updated Duplex with Private Yards

453 W UNIVERSITY Drive, Mesa, AZ 85201

$469,999

Two separately metered residences feature in-unit laundry, refreshed finishes, and individual outdoor space.

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Two-Property Multifamily Investment Portfolio

718 W Pepper Pl, Mesa, AZ 85201

$1,000,000

Includes an occupied Central Phoenix triplex and a Mesa two-unit property, with added-unit development opportunities.

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Mesa RV Resort Land

7750 E BROADWAY Road, Mesa, AZ 85208

$95,500

0.05 AC lot

Land in 55+ active adult community with many amenities.

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Mesa, AZ Multifamily Properties Market Trends and Statistics

Explore 74 multifamily properties for sale in Mesa, AZ, showcased through 74 active listings on our real estate platform. These investment opportunities span a total of 131,316 square feet of properties for sale, with an estimated market value of $38,790,086.

Sale prices for multifamily properties in Mesa, AZ start at $62,000, averaging $745,963, and reaching up to $4,450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 550K

Population Growth (5Y) +3.8%

Median Household Income $79,612

College Educated 28.5%

High-Yield Neighborhoods for Investment

Identify Mesa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
85208	$170.9K
85210	$424K
85205	$491.9K
85201	$594.9K
85203	$691.7K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Maricopa County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Mesa fall within the 100,000+ square foot range.

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