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$995,000
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Property Description
Turnkey 4-Plex Investment - Prime Location! Minutes from Boeing, MD Helicopters, Falcon Field, and major industrial employers, this fully occupied fourplex features 3 bed, 2 bath units with over 1,200 SQFT each. Long-term tenants love the unique basement-style layout and pay all utilities, keeping operating costs low. Strong rental history, low turnover, and room to increase ROI. HOA maintains the pool and common areas. Located near shopping, schools, and with easy access to the 202 freeway, this area is poised for growth. High-demand rental - don't miss this opportunity!
Full Property Details
Full Property Details for 4423 E McLellan
General
- Sold For: $995,000
- HOA FEE: $1,600
- Taxes: $3,854 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6881996
- Added to Site: 246 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Parking
- Parking Features: Carport
Location
- County: Maricopa
- Township: 1N
- Subdivision: FALCON ESTATES FOURPLEX SUBDIVISION
- Cross Streets: N. Greenfield Rd. & E. McKellips Rd.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Water: Individual Meter
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Stucco
- Roof: Tile
- Year Built: 2005
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: 3085
- Frontage: Asphalt
- Zoning: M-H
Financial Considerations
- Maint. Fee/Month: $1,600
- Tax Amount: $3,854
- Tax Year: 2024
- Terms: Conventional, 1031 Exchange
- Owner Pays: None
Disclosures and Reports
- Legal Description: LOT 2 FALCON ESTATES FOURPLEX SUBDIVISION MCR 075310
- Property ID: 141-72-075
- Range: 6E
- Section: 10
- Lot Number: 2
Listed by eXp Realty
Sold by Omni Homes International
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Schools
Schools serving 4423 E McLellan
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Bush Elementary School 4925 East Ingram Street, Mesa, AZ 85205 | K-6 | 0.6 mi |
Shepherd Junior High School 1407 North Alta Mesa Drive, Mesa, AZ 85205 | 7-8 | 1.7 mi |
Red Mountain High School 7301 East Brown Road, Mesa, AZ 85207 | 9-12 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4423 E McLellan
Date
Details
Price
Change
Source
9/05/2025
Sold
$995,000
-9.55%
MLS
6/18/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4423 E McLellan, Mesa, AZ 85205 (MLS# 6881996) is a Multi-Family property that was sold at $995,000 on September 05, 2025. Want to learn more about 4423 E McLellan? 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.

