1861 N SPRING --, Mesa, AZ 85203
NORTH MESA VILLAGE · Maricopa County
Key Facts
Listing Courtesy: My Home Group Real Estate - 4806852760
Description
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1984
Lot Dimensions
6970
Parking Spaces
4
Zoning
Multi
Listing #
7045584
Property Features
Appliances
Cooling
Heating
Flooring
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,483
Tax year 2025
Parcel Number
136-24-125
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $599,999 · Est. interest $837,052 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mesa, AZ
- $414,828
- Median Listing Price
- 61
- Median Days on Market
- 1,554
- Median Sq Ft
- $253
- Median Price / Sq Ft
- 1,804
- Active Listings
- This home’s price is 81% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mesa, AZ.
Location
Points of Interest in Mesa, AZ
Showing the Mesa area map.
Nearby Schools
Mesa Public Schools
Secondary · 0.2 mi away
Kerr Center for Agriscience
Elementary · 0.6 mi away
Nature's Path Montessori
Elementary · 0.6 mi away
Mesa Public Schools
Elementary · 0.7 mi away
Sequoia Lehi Charter School
Elementary · 0.8 mi away
Edkey
School · 0.8 mi away
All Star Preschool
School · 1.1 mi away
Eisenhower Center for Innovation
Elementary · 1.3 mi away
Kino Junior High School
Secondary · 1.3 mi away
Lehi Elementary
Elementary · 1.3 mi away
MacArthur Elementary School
Elementary · 1.3 mi away
Lehi Montessori
Elementary · 1.3 mi away
Mesa Public Schools
Secondary · 1.5 mi away
Learning Foundation and Performing Arts Charter School
School · 1.6 mi away
Redeemer Christian School
Elementary · 1.7 mi away
Edison Elementary School
Elementary · 1.7 mi away
Step Up Schools Mesa
Elementary · 1.8 mi away
Mesa Public Schools
School · 1.9 mi away
Heartwood Montessori
Elementary · 2.0 mi away
Hawthorne Elementary School
Elementary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3045 E NORTHRIDGE Street, Mesa, AZ | $524,999 | 3 | 2 | 1,956 |
| 6522 E ENCANTO Street, Mesa, AZ | $524,999 | 4 | 3 | 2,184 |
| 5426 E CALYPSO Circle, Mesa, AZ | $525,000 | 4 | 3 | 2,241 |
| 1602 E GROVE Avenue, Mesa, AZ | $525,000 | 4 | 2 | 2,137 |
| 532 S MESA Drive B, Mesa, AZ | $525,000 | — | — | — |
| 2722 E LAWNDALE Street, Mesa, AZ | $525,000 | 4 | 2 | 2,171 |
Moving Cost Estimate
EXIT Agents in Mesa
Last Updated: 2026-06-23