31 W 2ND Street, Mesa, AZ 85201 (MLS# 6878712)

31 W 2ND Street, Mesa, AZ 85201

$3,450,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,450,000 Last Modified: 1/08/2026

Overview

Description

Situated in the highly sought after Downtown Mesa, The Irving features spacious floor plans averaging 745sf with (8) 2-bed / 1-bath units and (12) 1-bed / 1-bath units. The apartments feature stainless steel appliances, updated flooring, new cabinetry, and in-unit washer and dryer. Residents are sure to enjoy a sparkling pool, central courtyard, covered parking, and pet-friendly policies. The Irving is walking distance to the light-rail and provides easy access to Mesa's business district and cultural attractions like the Mesa Arts Center. Downtown Mesa has undergone significant revitalization, becoming a vibrant hub for arts, dining, and entertainment with a variety of restaurants, breweries, unique shops, public art installations, and cultural events.

Listing Details MLS# 6878712

Location, Tax & Legal

House Number: 31
Compass: W
Street Name: 2ND
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6642
County Code: Maricopa
Subdivision: MESA CITY ARIZONA
Assessor Number: 138-33-014-A
Tax Year: 2024
Assessor's Map #: 33
Legal Description (Abbrev): MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW
Assessor's Parcel #: 14
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 5727
Legal: MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW
Marketing Name: The Irving

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 160ft x 165ft
Year Built: 1960
Uncvrd Parking Spcs: 5
Total # of Units: 20
# of Buildings: 3
Zoning: DR-2
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Status Change Info

Off Market Date: 2026-01-08
Under Contract Date: 2025-10-01
Close of Escrow Date: 2026-01-06

Legal Info

Township: 1N
Range: 5E
Section: 22
Lot Number: 6

More Information

Income Expenses

Gross Annual Sch Inc: 306000
Net Operating Income: 206541

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 12
Avg Rent: 1195
Avg SqFt: 675
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 8
Avg Rent: 1395
Avg SqFt: 850
# Baths: Yes

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

13 - 24 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stone: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Vinyl: Yes
Other: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5727
Other Income: 34100
Vacancy Allowance: 0.05
Adjusted Gross Inc: 323095

Pmt & Rate Info

Cap Rate: 5.36
Equity: 3850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes
Other: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Central Air: Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Partially Fenced: Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes
Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
On Street: Yes
1 Space/Unit: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Conventional: Yes

Reports/Disclosures

None: Yes
Other (See Remarks): Yes

Environmental

None: Yes
Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Stone Roofing: Composition Floors: Concrete; Vinyl; Other Sale Includes: Land & Building Community Features: Pool; Other Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; On Street; 1 Space/Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional Environmental: None; Other (See Remarks)

Listing Office: ABI Multifamily

Last Updated: January - 08 - 2026