Date
Details
Price
Change
Source
6/23/2026
Listed
$749,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$749,999
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1/26
Property Description
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
Full Property Details
Full Property Details for 1861 N Spring
General
- Price: $749,999
- Taxes: $1,483 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7045584
- Updated: 6/23/2026
- Added to Site: 15 day(s) ago
Interior
- Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer and Dryer Hookups
- Flooring: Wood
Parking
- Parking Features: 1 Space/Unit
Location
- County: Maricopa
- Township: 1N
- Subdivision: NORTH MESA VILLAGE
- Cross Streets: Mckellips and Mesa Dr. south to Julep east to Spr
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Painted
- Roof: Composition
- Year Built: 1984
Lot Features
- Lot Dimensions: 6970
- Frontage: Asphalt
- Zoning: Multi
Financial Considerations
- Tax Amount: $1,483
- Tax Year: 2025
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: LOT 21 NORTH MESA VILLAGE MCR 024250
- Property ID: 136-24-125
- Range: 5E
- Section: 11
- Lot Number: 21
Listed by My Home Group Real Estate
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Listing agent
— 1861 N Spring —
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Schools
Schools serving 1861 N Spring
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Lehi Elementary School 2555 North Stapley Drive, Mesa, AZ 85203 | PK-6 | 1.3 mi |
Kino Junior High School 848 North Horne, Mesa, AZ 85203 | 7-8 | 1.2 mi |
Westwood High School 945 West Rio Salado Parkway, Mesa, AZ 85201 | 9-12 | 2.2 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 1861 N Spring
Tax History
Tax History for 1861 N Spring
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,487
—
$15,070
-76%
2025
$1,487
—
$63,150
5%
2023
$1,491
2%
$59,960
19%
2022
$1,460
—
$50,330
40%
2022
$1,460
-1%
$36,070
27%
2021
$1,478
1%
$28,380
4%
2020
$1,459
7%
$27,370
15%
2019
$1,363
4%
$23,770
10%
2018
$1,308
3%
$21,570
36%
2017
$1,269
2%
$15,830
10%
2016
$1,246
6%
$14,450
12%
2015
$1,171
2%
$12,880
33%
2014
$1,150
18%
$9,650
20%
2013
$978
—
$8,010
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1861 N Spring
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
Listed by Stephanie Wyatt-Francis (602) 980-2895
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1861 N Spring --, Mesa, AZ 85203 (MLS# 7045584) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1861 N Spring -- is currently listed for $749,999 and was received on June 23, 2026. Want to learn more about 1861 N Spring --? 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.