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$760,000
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Property Description
Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.
Full Property Details
Full Property Details for 816 N Revere
General
- Sold For: $760,000
- Taxes: $2,463 (2025)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7002414
- Added to Site: 108 day(s) ago
Interior
- Appliances: Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, Washer and Dryer Hookups
- Flooring: Tile, Laminate, Vinyl
Parking
- Parking Features: Attached Garage, Attached Carport, 1 Space/Unit, On Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: HERITAGE ESTATES UNIT 2
- Cross Streets: Alma School & Rio Salado
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Individual
- Heating Type: Individual, Heat Pump
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Other, Stucco
- Roof: Other, Tile
- Year Built: 1984
Lot Features
- Lot Dimensions: 90 ft × 108 ft
- Frontage: Asphalt
- Zoning: M-H
Financial Considerations
- Tax Amount: $2,463
- Tax Year: 2025
- Terms: Conventional, 1031 Exchange, VA Loan
- Owner Pays: Other, Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: LOT 18 HERITAGE ESTATES UNIT 2 MCR 027831
- Property ID: 135-17-314
- Range: 5E
- Section: 16
- Lot Number: 18
Listed by Lotus Real Estate
Sold by Russ Lyon Sotheby's International Realty
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Schools
Schools serving 816 N Revere
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Emerson Elementary School 415 North Westwood, Mesa, AZ 85201 | PK-6 | 0.5 mi |
Carson Junior High School 525 North Westwood, Mesa, AZ 85201 | 7-8 | 0.4 mi |
Westwood High School 945 West Rio Salado Parkway, Mesa, AZ 85201 | 9-12 | 0.2 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 816 N Revere
Date
Details
Price
Change
Source
6/30/2026
Sold
$760,000
-4.99%
MLS
5/12/2026
Price Reduced
$799,900
-5.89%
MLS
3/22/2026
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
816 N Revere --, Mesa, AZ 85201 (MLS# 7002414) is a Multi-Family property that was sold at $760,000 on June 30, 2026. Want to learn more about 816 N Revere --? 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.

