546 N Drew Street, Mesa, AZ 85201 - Photo 1

1/1

$425,000

Sold
Closed
Duplex

1/1

Property Description

New roof installed in Feb'25 with lifetime shingles and 5 year warranty. New AC & water heaters, all tile flooring. Fully occupied with long term tenants, cash flow positive, current CAP rate at 6.9%, future pro forma to be 7.5%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. This duplex is poised for continuous appreciation in a growing Mesa area, centrally located near 202, 101 and many nearby attractions. Long term tenants in place with potential to further raise rents to market rents. See P&L details in documents section. Do not disturb tenants, showing by appointments only. The selling agent is a partial owner of the property

Full Property Details

Full Property Details for 546 N Drew St

General

Sold For: $425,000
HOA FEE: $220
Taxes: $745 (2024)
Status: Closed
Type: Duplex
Source: ARMLS_Arizona_MLS_Phoenix_Area
MLS ID: 6837131
Added to Site: 339 day(s) ago

Interior

Flooring: Ceramic Tile, Vinyl

Parking

Total Spaces: 8
Parking Features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Location

County: Maricopa
Township: 1N
Subdivision: BOWEN TRACT

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric
Heating Type: ENERGY STAR Qualified Equipment, Central, Electric

Utilities

Water: City Franchise

Structural Information

# Buildings: 1
Exterior Const.: Wood Frame, Painted, Stucco
Roof: Other, See Remarks
Year Built: 1957

Lot Features

Lot Dimensions: 90*70
Frontage: Concrete
Zoning: R-2

Financial Considerations

Maint. Fee/Month: $220
Tax Amount: $745
Tax Year: 2024
Terms: 1031 Exchange
Owner Pays: Trash Collection, Water, Sewer, Landscaping

Disclosures and Reports

Legal Description: LOT 8 BOWEN TRACT MCR 006304
Property ID: 137-29-008
Range: 5E
Section: 15
Lot Number: 8

Listed and Sold by Fathom Realty

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— 546 N Drew St —

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Schools

Schools serving 546 N Drew St

School District:Mesa Unified District

Name	Grades	Distance
Eisenhower Center for Innovation 848 North Mesa Drive, Mesa, AZ 85201	K-6	0.6 mi
Carson Junior High School 525 North Westwood, Mesa, AZ 85201	7-8	1 mi
Westwood High School 945 West Rio Salado Parkway, Mesa, AZ 85201	9-12	1 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 546 N Drew St

Date

Details

Price

Change

Source

5/29/2025

Sold

$425,000

-9.57%

MLS

4/04/2025

Price Reduced

$470,000

-2.08%

MLS

3/18/2025

Listed

$480,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths

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546 N Drew Street, Mesa, AZ 85201 (MLS# 6837131) is a Duplex property that was sold at $425,000 on May 29, 2025. Want to learn more about 546 N Drew Street? Do you have questions about finding other Duplex real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

546 N Drew St Mesa, AZ 85201

Full Property Details for 546 N Drew St

General

Interior

Parking

Location

Heating & Cooling

Utilities

Structural Information

Lot Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 546 N Drew St

Price & Sales History for 546 N Drew St

Just Listed near 546 N Drew St

4292 E Carob Dr Gilbert, AZ 85298

1156 N Jamaica Way Gilbert, AZ 85234

932 N Marble St Gilbert, AZ 85234

4055 E Amoroso Dr Gilbert, AZ 85296

Price Reduced near 546 N Drew St

3658 E Constitution Dr Gilbert, AZ 85296

4460 E Carob Dr Gilbert, AZ 85298

4484 E Sourwood Dr Gilbert, AZ 85298

5380 S Lantana Ln Gilbert, AZ 85298

Recent Sales near 546 N Drew St

458 N Drew Mesa, AZ 85201

561 N Sirrine Mesa, AZ 85201

51 W 8th Mesa, AZ 85201

655 N Robson Mesa, AZ 85201