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● For sale

$765,000

1138 E 2ND Street, Mesa, AZ 85203

SUBURBAN GARDENS 2 · Maricopa County

Built 1973 No HOA

391 days on market

Description

Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile

Appliances

Free-Standing Range
Microwave

Heating and Cooling

Cooling Features: Central Air
Heating Features: Other, See Remarks

Exterior

Exterior and Lot Features

Sidewalk(s)

Land Info

Lot Size Dimensions: 6897

Garage and Parking

Attached Garage: No
Parking Features: Carport

Community

Neighborhood

Subdivision: SUBURBAN GARDENS 2

Listing

Other Property Info

Annual Tax Amount: $1,543
Source Listing Status: Active
County: Maricopa
Directions: South on Stapley, West on 2nd St
Parcel Number: 138-20-103
Zoning: MULTI
Postal City: Mesa
Listing Date: 5/5/2025
MLS#: 6861620

Features

Building and Construction

Year Built: 1973
Property Age: 53
Construction Materials: Wood Frame, Painted
Roof: Built-Up, Foam, Other, Shake

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Dale Eames Professional Real Estate Negotiators

Listing updated: May 26, 2026

MLS#: 6861620

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.