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$720,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 8 Total Beds
  • Updated 13 days ago
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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!

Full Property Details for 1138 E 2nd St

General

  • Price: $720,000
  • Taxes: $1,543 (2024)
  • Status: Pending
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6861620
  • Updated: 9/27/2026
  • Added to Site: 523 day(s) ago

Interior

  • Appliances: Free-Standing Range, Microwave
  • Flooring: Carpet, Ceramic Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Sidewalk(s)

Parking

  • Parking Features: Carport

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: SUBURBAN GARDENS 2
  • Cross Streets: Stapley and Main

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Other, See Remarks

Utilities

  • Water: City Franchise

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame, Painted
  • Roof: Other, Built-Up, Foam, Shake
  • Year Built: 1973

Lot Features

  • Lot Dimensions: 6897
  • Frontage: Concrete, Asphalt
  • Zoning: MULTI

Financial Considerations

  • Tax Amount: $1,543
  • Tax Year: 2024
  • Terms: Other (See Remarks)
  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: LOT 32 SUBURBAN GARDENS 2 MCR 009143
  • Property ID: 138-20-103
  • Range: 5E
  • Section: 23
  • Lot Number: 32

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— 1138 E 2nd St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1138 E 2nd St

School District:Mesa Unified District
NameGradesDistance
Edison Elementary School
545 North Horne, Mesa, AZ 85203
PK-60.6 mi
Kino Junior High School
848 North Horne, Mesa, AZ 85203
7-81.1 mi
Westwood High School
945 West Rio Salado Parkway, Mesa, AZ 85201
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1138 E 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/18/2026
Price Reduced
$720,000
-0.69%
MLS
8/03/2026
Price Reduced
$725,000
-5.23%
MLS
5/26/2026
Price Reduced
$765,000
-3.16%
MLS
4/04/2026
Price Reduced
$790,000
-1.25%
MLS
12/31/2025
Price Increased
$799,999
4.58%
MLS
10/09/2025
Price Increased
$765,000
2.68%
MLS
9/18/2025
Price Reduced
$745,000
-1.32%
MLS
8/03/2025
Price Reduced
$755,000
-2.58%
MLS
5/05/2025
Listed
$775,000
124.64%
MLS
6/26/2017
Sold
$345,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1138 E 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,551
—
$15,724
-76%
2025
$1,551
—
$64,570
-5%
2023
$1,556
2%
$68,210
18%
2022
$1,524
—
$57,670
32%
2022
$1,524
-1%
$43,570
26%
2021
$1,542
1%
$34,530
12%
2020
$1,522
7%
$30,900
15%
2019
$1,422
4%
$26,850
23%
2018
$1,365
3%
$21,870
6%
2017
$1,325
2%
$20,600
6%
2016
$1,300
6%
$19,400
10%
2015
$1,222
-10%
$17,650
32%
2014
$1,352
37%
$13,410
55%
2013
$989
—
$8,650
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1138 E 2nd Street, Mesa, AZ 85203 (MLS# 6861620) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 1138 E 2nd Street is currently listed for $720,000 and was received on May 05, 2025. Want to learn more about 1138 E 2nd Street? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

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