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For sale
  • Price cut: $60K (5/24)
    $580,000

    532 S Mesa Dr, Mesa, AZ 85210

    6beds
    125baths
    2,400sqft
    : 
    Multi Family
    Built in 1981
    -- sqft lot
    $571,200 Zestimate®
    $242/sqft
    $-- HOA

    What's special

    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.
    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#: 6842303MLS Logo

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 532 S Mesa Dr.

    Next available tour time:Today at 11am

    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
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