Exceptional investment opportunity in a prime Mesa location near Mesa Community College and major freeways. This property features 3 units: one on the lower level, one on the ground level, and one on the upper level, each with its own washer and dryer. All units are tenant-occupied on month-to-month leases at $1,000 per month, with potential to increase rents to $1,300-$1,400 per month per unit. The property offers stable occupancy, no HOA fees, and low maintenance, making it ideal for investors seeking strong cash flow and long-term value. Close to education, transportation, shopping, and dining, this 3-unit property combines immediate income with significant rental growth potential in one of Mesa's most desirable markets.
For sale
Price cut: $60K (5/24)
$580,000
532 S Mesa Dr, Mesa, AZ 85210
6beds
125baths
2,400sqft
Est.:
Multi Family
Built in 1981
-- sqft lot
$571,200 Zestimate®
$242/sqft
$-- HOA
What's special
- 149 days
- on Zillow |
- 869 |
- 60 |
Zillow last checked: 7 hours ago
Listing updated: August 12, 2025 at 07:27pm
Listed by:
Saima Gillani 480-516-2972,
ProSmart Realty
Source: ARMLS,MLS#: 6842303

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 125
Heating
- Electric
Cooling
- Electric, Heat Pump
Appliances
- Included: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Features
- Flooring: Ceramic Tile, Vinyl
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned
- Uncovered spaces: 3
Details
- Parcel number: 13936080E
- Zoning: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Stucco
- Roof: Composition
Condition
- Year built: 1981
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: ALMOND PLACE
Location
- Region: Mesa
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $305,000
- Annual tax amount: $985
- Date on market: 3/26/2025
- Listing terms: CTL,Conventional,1031 Exchange
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
- Loading
- Loading