750 E 1ST Avenue, Mesa, AZ 85204
$2,400,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,400,000
Last Modified:
2/24/2026
Description
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.
More Information MLS# 6989123
Contract Info
Ownership: Fee Simple
Current Price: $2,400,000
List Price: $2,400,000
Status: Active
List Date: 2026-02-24
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): CHULA VISTA AMD
Assessor's Parcel #: 79
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 298
Legal: CHULA VISTA AMD
Marketing Name: 1st Avenue Apartments
House Number: 750
Compass: E
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1078
County Code: Maricopa
Subdivision: CHULA VISTA AMD
Assessor Number: 138-28-079
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 22
Lot Size Dimensions: IRR
Total # of Units: 16
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1978
Zoning: MF or FBC T4
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 10
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Foam: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 298
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 193800
Pmt & Rate Info
Equity: 2400000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 8
Avg Rent: 1080
Avg SqFt: 315
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1128
Avg SqFt: 415
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Main Street and Horne
Directions: Head West on Mesa's New Main Street to Horne, South on Horne and the property is on the North West corner of Horne and 1st AVE
Geo Lat: 33.413473
Geo Lon: -111.814445
Income Expenses
Gross Annual Sch Inc: 204000
Net Operating Income: 142800
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition; Foam
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Patio/Balcony; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Orion Investment Real Estate
Last Updated: February - 24 - 2026
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