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$1,260,000
7003723 MLS
La Jolla Villas offers a rare opportunity to acquire a partially renovated multifamily asset with both immediate upside and long-term growth potential. Located at 1500 E Dana Ave in Mesa, AZ, the property features 7 garden-style units renovated in 2022, paired with approved site plans for 8 additional 2bed/2bath units on the adjacent parcel, one of the most sought-after unit types in today's rental market. The existing unit mix (1 studio, 1 bed/1bath, 3 2bed/1bath, 1 2bed/1.5bath, and 1 3bed/2bath) provides immediate income stability, while the entitled development component offers a clear path to increased density and long-term value creation.

1500 E Dana Avenue, Mesa

Listing courtesy of Listing Agent: Jackson Everhart (970-219-3038) from Listing Office: Orion Investment Real Estate.

Selling Office: REI Marketing.

$575,000
7002732 MLS
Prime Investment Opportunity! This fully remodeled duplex in North Mesa delivers an impressive 8% cap rate and multiple high-performing rental strategies. Situated on a quiet July Circle cul-de-sac, this property features two updated units designed for strong, consistent cash flow and minimal vacancy. Both units offer modern finishes, efficient layouts, and private backyard spaces--ideal for traditional long-term tenants, furnished mid-term rentals, traveling professionals, or even a pad-split configuration to maximize income. With ample parking and low-maintenance landscaping, this property is built for streamlined management and stable returns. A turnkey, high-yield asset--opportunities like this are rare! For an owner occupant ask us about the $5K grant available for this duplex! This building is by far the best looking building in the neighborhood with endless possibilities.

1063 N July Circle, Mesa

Listing courtesy of Listing Agent: Erin M Woodruff (480-250-6983) from Listing Office: Realty ONE Group.

$760,000
7002414 MLS
Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.

816 N Revere --, Mesa

Listing courtesy of Listing Agent: Erick F Garcia Cervantes (480-228-0792) from Listing Office: Lotus Real Estate.

Selling Office: Russ Lyon Sotheby's International Realty.

$715,000
6995806 MLS
3142 E Cicero St is a 4-unit garden-style property, constructed in 1984. It features a desirable unit mix of 100% 2-bed/1-bath apartments, each offering 880 square feet of living space. Units have been upgraded and modernized to include new flooring, cabinets, countertops, appliances, and other interior enhancements. Each apartment also benefits from an individual laundry room with a full-size washer and dryer. The property includes ample on-site parking and is individually metered for electricity. Additional capital improvements include a brand-new roof installed in 2025 & new AC's and water heaters in 2019. Located in the rapidly growing Mesa submarket, with close proximity to major healthcare employers, multiple university campuses, and various shopping, dining & entertainment options.

3142 E Cicero Street, Mesa

Listing courtesy of Listing Agent: Bryce Neagle (602-714-8931) from Listing Office: ABI Multifamily.

Selling Office: ABI Multifamily.

$537,500
6986665 MLS
**SELLER FINANCING OPTION. ** Fantastic investment opportunity in Mesa! This well-maintained duplex sits on a desirable cul-de-sac lot, with the front unit A is currently occupied, offering immediate rental income. Each unit features a spacious 2-bedroom, 2-bathroom layout with detached interior laundry. Unit B, located at the rear, includes an expansive enclosed patio and additional paved parking with convenient alley access. Both units offer covered carport parking and includes a full roof replacement in 2018 and interior updates completed in 2020. With strong rental history and functional layouts, this property presents an excellent opportunity for investors or owner-occupants looking to offset their mortgage with income.

1129 N Wedgewood Circle, Mesa

Listing courtesy of Listing Agent: Anthony R Fortuna (480-808-2147) from Listing Office: eXp Realty.

Selling Office: RE/MAX Fine Properties.

$835,000
6966306 MLS
**WELL-MAINTAINED** 4-Plex is located in the HEART of Central-Mesa's multi-family market~The Sun Gardens Community was originally built-in 1980 & is a TURN-KEY, EXCEPTIONAL Investment Opportunity~Tenants enjoy, UPDATED/REMODELED units w/PRIVATE-YARD areas, GARAGE parking & (3) units have washer/dryer~The property has a UNIQUE-MIX of (3) LARGE 2/1.5 bath units w/(2) being TOWNHOME style & (1) 3/2 bath unit~Each building is sub-metered for water through HOA, this enables NEW Owner to BILL Tenants DIRECTLY for water & Tenants also pay electricity & gas - The HOA is FAVORABLE at $525 per mo., which includes sewer, trash, common-area maintenance & pool service~ The Sun Gardens Community is close-to, such local-attractions as: The Oakland A's Spring Training facility, Mesa Country Club & Mesa Riverview shopping center!

860 E Brown Road Unit 65, Mesa

Listing courtesy of Listing Agent: Sherry A McQueen (602-672-0872) from Listing Office: CTS Realty.

Selling Office: Coldwell Banker Realty.

$445,000
6965834 MLS
Secure a foundational property in the heart of Mesa's 85203 corridor. Positioned on a premier cul-de-sac corner lot. Setup with prioritizes tenant privacy and long-term retention. Unlike standard duplexes, this property offers a ''single-family'' lifestyle with completely separate entrances, individual fenced-in side yards, and separated parking for each unit. The exterior is anchored by mature welcoming landscaping with separated private yards and includes dedicated exterior storage. Solid block construction and durable tile flooring throughout ensure low-maintenance turns and lasting value. Whether you're looking to scale your portfolio or execute a high-level house-hack, this is the place. No long term leases in place, will be vacant at closing. Reach out today!

1107 N July Circle, Mesa

Listing courtesy of Listing Agent: Chris Lundberg (602-614-3077) from Listing Office: Redeemed Real Estate.

Selling Office: HomeSmart.

$538,500
6964700 MLS
Opportunity knocks in one of Mesa's strongest rental corridors. This block-construction fourplex features four spacious 2-bed / 1-bath units, excellent visibility with Southern Ave frontage, and consistent demand thanks to its prime location. Each unit offers ceramic tile flooring throughout, individual electric meters, and washer/dryer hookups. Tenants appreciate the convenience, while owners love the durability and low-maintenance finishes. The property also includes an oversized 4-car covered parking area, providing valuable shade. There is deferred maintenance, and the property is being sold as-is, but the upside is clear for the investor willing to improve and reposition.... With strong rental fundamentals in the area and solid bones, this asset is poised to perform as part of any growing portfolio. Bonus: The neighboring property at 72 W Southern Ave is also available, presenting the rare chance to scale in a high-demand location. Add value, raise returns, and secure your next long-term hold right here in Mesa.

82 W Southern Avenue, Mesa

Listing courtesy of Listing Agent: Dustin J Olive () from Listing Office: West USA Realty.

Selling Office: Go Win Property Management.

$539,500
6964692 MLS
Opportunity knocks in one of Mesa's strongest rental corridors. This block-construction fourplex features four spacious 2-bed / 1-bath units, excellent visibility with Southern Ave frontage, and consistent demand thanks to its prime location. Each unit offers ceramic tile flooring throughout, individual electric meters, and washer/dryer hookups. Tenants appreciate the convenience, while owners love the durability and low-maintenance finishes. The property also includes an oversized 4-car covered parking area, providing valuable shade. There is deferred maintenance, and the property is being sold as-is, but the upside is clear for the investor willing to improve and reposition.... With strong rental fundamentals in the area and solid bones, this asset is poised to perform as part of any growing portfolio. Bonus: The neighboring property at 82 W Southern Ave is also available, presenting the rare chance to scale in a high-demand location. Add value, raise returns, and secure your next long-term hold right here in Mesa.

72 W Southern Avenue, Mesa

Listing courtesy of Listing Agent: Dustin J Olive () from Listing Office: West USA Realty.

Selling Office: Go Win Property Management.

$1,549,000
6964033 MLS
Price Reduced, 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.

202 E 2nd Avenue, Mesa

Listing courtesy of Listing Agent: Steven J. Fowler (480-649-3536) from Listing Office: Better Homes & Gardens Real Estate SJ Fowler.

Selling Office: Non-MLS Office.

$240,000
6962917 MLS
Welcome to 730 W Pepper Place, a rare investment opportunity in one of Mesa's most established neighborhoods! This charming triplex blends vintage character with excellent income-producing potential, offering three separate one-bedroom, one-bath units across a spacious lot framed by mature trees and traditional block construction. With no HOA restrictions and plenty of room to enhance or expand, this property is the perfect canvas for investors eager to maximize returns. Each unit features a comfortable layout with a living room, kitchen, and private bedroom and bathroom, making them ideal for steady rental income. Over the years, the property has benefited from improvements such as roof work and sewer line repairs, and it is fully serviced by city utilities for water, sewer, and gas. Set on a 7,405-square-foot lot, the property offers privacy, ample parking, and space for future upgrades. Its location adds even more appeal, with Downtown Mesa's vibrant mix of dining, shopping, and cultural venues just minutes away, as well as convenient light rail and freeway access. Nearby schools and parks further strengthen its long-term rental demand. Whether you are a seasoned investor seeking to expand your portfolio or someone eager to restore a piece of Mesa history, 730 W Pepper Place provides the foundation for long-term value. With strong neighborhood appeal, and untapped potential, this triplex is your chance to own a classic Mesa property with endless opportunity. Each of the 3 units has its own electric meter. There is 1 water meter for the whole property.

730 W Pepper Place, Mesa

Listing courtesy of Listing Agent: Josiah Miller (480-290-3239) from Listing Office: West USA Realty.

Selling Office: My Home Group Real Estate.

$825,000
6958810 MLS
Welcome to this excellent investment opportunity, a charming multi-unit residential building, ideally situated in a sought-after location that combines convenience with comfort. This single-story block construction property features four well-appointed units, perfectly designed for modern living. Comprising of two 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units, offering diverse living options that cater to a variety of lifestyles. Each unit comes with their own private patio, one covered parking space and are individually metered for electricity, allowing residents to manage their utility expenses with ease. Your tenants will benefit from it's location which provides easy access to local amenities, shopping, dining, and transportation.

5825 E University Drive Unit 105-108, Mesa

Listing courtesy of Listing Agent: Torie Ellens (602-824-2196) from Listing Office: Engel & Voelkers Scottsdale.

Selling Office: Keller Williams Legacy One.

$359,000
6954952 MLS
Great opportunity! This charming duplex offers the perfect blend of investment potential and personal-use flexibility. Find an inviting living & dining room that creates a warm, comfortable atmosphere. Cook your favorite meals in the kitchen, featuring matching appliances and a convenient breakfast bar. Both bedrooms provide peaceful retreats. Enjoy relaxing on the covered patio or take advantage of the spacious shared backyard, complete with a built-in BBQ, ideal for hosting gatherings and outdoor fun. Excellent location, close to dining spots, shopping, and more. Roof is approximately 7 years old. Newer AC units (408 - 7/24 & 410 - approx. 4 years old). Newer appliances. Don't miss out on this great opportunity.

408 E 3rd Street, Mesa

Listing courtesy of Listing Agent: Lisa M Blanzy () from Listing Office: Mark Brower Properties, LLC.

Selling Office: Equity Arizona Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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