For Sale Multi-Family MLS# 7064367

457 E 9TH Avenue

Mesa, AZ 85204

$900,000

About 457 E 9TH Avenue

Investor's dream**DO NOT DISTURB OCCUPANTS** Turn-key and cash-flowing 4 plex with updated 2 bed, 1 bath units. TILE ROOF, Townhouse style. Private yard and individual laundry room in each unit. All occupied. Built in 1986. 10,160 sqft lot, 6 covered and 6 uncovered parking spots. The current rents are: Unit 1: $1,530 (long term tenant 10+ years) Unit 2: $1,550 (lease ends Sept 30, 2027) Unit 3: $1,530 (long term tenant 10+ years) Unit 4: $1,650 (lease through Jun 30, 2027)) Total of $6,260/month. Tenants never pay late. Tile floors throughout in all units. Each unit is separately metered for electricity. Tenants cover electricity, landlord pays water. There is a shed for storage could potentially be turned into office, or another unit. Last repair on the roof was 7/2026. Fresh exterior paint 10/2024 Unit 1 has a new water heater in 2/2023 and AC condenser in 10/2020, Condenser Fan Motor AC 5/2026 Unit 2 has a new dish washer and washer in 10/2022, water heater and garbage disposal in 2/2022 and dryer in 8/2020, inside fresh paint 2023, indoor fan motor (blower) AC in 7/2025, new wheel blower and capacitor in 7/2025. Unit 3 has a new fridge in 2/2020, new capacitor and TXV for AC in 7/2025, a new water heater in 6/2026. Unit 4 has a new water heater in 1/2021 and garbage disposal in 10/2022, new Indoor fan motor AC in 11/2025, new vanity in 6/2026, inside fresh paint 2026.

Low maintenance landscaping. Fresh paint. Lights with motion sesnsor in parking lot. Strong demand rental area.

Situated in the heart of Mesa with easy access to dining, shopping, and major freeways. This is ideal for both seasoned investors and those entering the multi family market. Well-maintained.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1986
Original price
$900,000
MLS #
7064367

Interior

Features
Electric, Ceramic Tile
Flooring
Ceramic Tile
Heating
Electric
Cooling
Electric

Exterior & lot

Features
>1 Space Per Unit, Carport, Parking spaces: 12
Construction
Wood Frame, Painted, Stucco, Composition, Tile
Roof
Composition, Tile
Lot
R-3, 13930085
Parking
>1 Space Per Unit, Carport

Schools

District
Mesa Unified District

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,669
Tax year
2025
Parcel
13930085

Location

Subdivision
CLARKSON MANOR
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Mesa Unified District

Location

Neighborhood
CLARKSON MANOR
School district
Mesa Unified District

Ask about this property

Questions on 457 E 9TH Avenue, Mesa, AZ 85204, or want to see it in person?

Listed by Hana Huynh, Better Homes & Gardens Real Estate SJ Fowler

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.