Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,700,000
Last Modified:
1/09/2026
Search
202 E 2ND Avenue, Mesa, AZ 85210
$1,700,000
Description
5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.
More Information MLS# 6964033
Contract Info
Ownership: Fee Simple
Current Price: $1,700,000
List Price: $1,700,000
Status: Active
List Date: 2026-01-06
Location, Tax & Legal
Assessor's Map #: 66
Assessor's Parcel #: 8
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 0
Taxes: 2064
Tax District: 04
Legal: Mesa Arizona
Marketing Name: 10 Units
House Number: 202
Compass: E
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1412
County Code: Maricopa
Subdivision: Mesa Arizona
Assessor Number: 138-66-008
Tax Year: 2025
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 10
Lot Size Dimensions: ALMOST AN
Total # of Units: 10
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1925
Zoning: MULTI
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
See Remarks: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4500
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 6500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 600
Operating Exp: 17864
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 142008
Total Monthly Rental Income: 12200
Pmt & Rate Info
Cap Rate: 6.63
Down Payment: 0
Equity: 1700000
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
RV/Boat Parking: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Electric
SRP: 1
City Electric: 1
Gas
Individual Meter: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 9
Avg Rent: 1200
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0
Remarks Misc
Cross Street: MAIN/ MESA DR
Directions: Main & Center, South to 2nd Ave and East to Property
Geo Lat: 33.411019
Geo Lon: -111.82552
Legal Info
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 146400
Net Operating Income: 112708
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam; See Remarks
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: RV/Boat Parking; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s)
Interior Features: Partially Furnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Electric; Window/Wall Unit; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; City Electric
Gas: Individual Meter
Parking Features: On Street; >1 Space Per Unit; Free
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 09 - 2026
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