Felicia Mandell-Snell

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Listing provided courtesy of Orion Investment Real Estate- MLS# 6989123MLS Provider

750 E 1ST AvenueMesa, AZ 85204

Multi-Family
$2,400,000 UCB (Under Contract-Backups)

750 E 1ST Avenue Overview

Time on Site:
126 days
Visits:
0

750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.

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750 E 1ST Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: Mesa Unified District

Income/Expenses

  • Gross Income: 193800.0
  • Gross Scheduled Income: 204000.0
  • Net Operating Income: 142800.0
  • Operating Expense: 298.0

Building Information

  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Mesa
  • Subdivision Name: CHULA VISTA AMD
  • Township: 1N

Community/Development

  • Community Features: No Pool

Tax Information

  • Tax Annual Amount: $298.00
  • Tax Year: 2025

General Information

  • Disclosures: None
  • Listing Terms: Conventional
  • Ownership: Fee Simple
  • Parcel Number: 138-28-079
  • Property Type: Multiple Dwellings
  • Zoning: MF or FBC T4

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: SRP
  • Flooring: Tile
  • Security Features: Security Light(s)

Exterior

Parking Information

  • Open Parking Spaces: 22.0
  • Parking Features: \u003e1 Space Per Unit

Lot Information

  • Additional Parcels: true
  • Lot Size Dimensions: IRR
  • Number Of Buildings: 2
  • Road Surface Type: Asphalt
  • Water Source: City Franchise

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Painted,Stucco,Block
  • Roof: Composition,Foam

General Information

  • Number Of Units Total: 16
  • Sewer: Public Sewer

750 E 1ST Avenue Neighborhood

Community

85204 (Mesa) Demographics

32
Median Age
7,042
Population Density (per sq. mile)
28%
College Educated
$55,906
Estimated Median Income
13,130
Estimated Total Home Owners
9,839
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

750 E 1ST Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

750 E 1ST Avenue Market Data

Based on the last 30 days in this zip code

$337,695
Average List Price
$233
Average Price per Square Foot
38
Properties Sold
82
Average Days on Market
131
Properties for Sale
Calculations provided by Reliance Network

750 E 1ST Avenue History

Date Event Value Agent
5/19/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
UCB (Under Contract-Backups)
2/24/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
February 24, 2026
2/13/2025Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Status Change
Closed
11/14/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$925 -2.6%
10/27/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
October 27, 2024
8/19/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$950 -4.9%
6/8/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$999 -0.1%
5/22/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
May 22, 2024