Refine Search
Sort by
$900,000
8 Beds 4 Baths 7064367 MLS
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.

457 E 9th Avenue, Mesa

Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536

$490,000
4 Beds 16 Baths 7058308 MLS
Investor opportunity in the desirable 55+ community of Dreamland Villas! This fourplex offers four 1-bedroom, 1-bathroom units, each featuring a private covered back patio and an assigned covered carport parking space. Two units are currently tenant occupied, providing immediate rental income, while two vacant units offer the flexibility to renovate and lease at current market rates or place your own tenants. The property has been occupied by long-term tenants and presents an excellent value-add opportunity for investors looking to make cosmetic updates and increase rental potential. Located in a well-established community with an optional HOA that provides access to amenities including a pool, pickleball, shuffleboard, and a variety of social activities.

6035 E Covina Road, Mesa

Courtesy of Berkshire Hathaway HomeServices Arizona Properties. 480-505-6300 Selling Office: My Home Group Real Estate.

$1,499,900
12 Beds 12 Baths 7053038 MLS
NEWLY BUILT investment 4-plex located in the NEW Community of Balboa Village in East Mesa, it offers 3 beds & 2 baths + powder room. The inviting interior features tons of natural light, 10' & 9' tall ceilings, a neutral palette, wood-look tile flooring downstairs, & plush carpet upstairs. You'll love the seamlessly flowing open layout! The impressive kitchen boasts SS appliances, granite counters, subway tile backsplash, recessed lighting, shaker cabinetry w/crown molding, and an island w/breakfast bar. The main bedroom is downstairs, featuring its own outdoor access & an ensuite with dual sinks & a walk-in closet. The large secondary bedrooms are upstairs, along with a shared full bathroom. PLUS! This gem comes with an attached 1-car garage w/driveway for additional parking!

8232 E University Drive, Mesa

Courtesy of Balboa Realty, LLC. 602-899-6675

$699,000
8 Beds 4 Baths 7012894 MLS
**WELL-MAINTAINED, TURN-KEY** 4-Plex with NO HOA is located in a HIGH-DEMAND, QUITE Mesa neighborhood~The property is PROFESSIONALLY-MANAGED, has LONG-TERM Tenants, resulting in LOW vacancy-rates and REDUCED operating-expenses~ALL (4) units are 2 bed/1 bath, and are individually-metered for electricity~LINEAR parking provides, TWO vehicle-spaces per unit~The ground-floor units include PRIVATE-ENCLOSED yard-areas, two units are FULLY-REMODELED and the other two are UPDATED~The property location offers Tenants a suburban-feel with convenient access to modern amenities such as - Mesa Riverview, Mesa Grand , Superstition Springs and Tempe Marketplace - Westwood High School, Mesa Community College and ASU - Tempe Campus are also nearby~ 101 and 202 interchange, Phoenix Sky Harbor, Mesa Gateway airports, are all close, for easy commuting and traveling~Long-term Tenants have rents "relatively below-market," creating a potential opportunity for value-enhancement in a submarket where renovated and updated units are leasing for OVER $1,375 to $1,500

834 N Cherry -- Unit 1, Mesa

Courtesy of CTS Realty. 602-795-0341 Selling Office: The Valley of the Sun Realty LLC.

$760,000
7002414 MLS
Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.

816 N Revere --, Mesa

Courtesy of Lotus Real Estate. 602-773-1259 Selling Office: Russ Lyon Sotheby's International Realty.

$715,000
6995806 MLS
3142 E Cicero St is a 4-unit garden-style property, constructed in 1984. It features a desirable unit mix of 100% 2-bed/1-bath apartments, each offering 880 square feet of living space. Units have been upgraded and modernized to include new flooring, cabinets, countertops, appliances, and other interior enhancements. Each apartment also benefits from an individual laundry room with a full-size washer and dryer. The property includes ample on-site parking and is individually metered for electricity. Additional capital improvements include a brand-new roof installed in 2025 & new AC's and water heaters in 2019. Located in the rapidly growing Mesa submarket, with close proximity to major healthcare employers, multiple university campuses, and various shopping, dining & entertainment options.

3142 E Cicero Street, Mesa

Courtesy of ABI Multifamily. 602-714-1400 Selling Office: ABI Multifamily.

$835,000
6966306 MLS
**WELL-MAINTAINED** 4-Plex is located in the HEART of Central-Mesa's multi-family market~The Sun Gardens Community was originally built-in 1980 & is a TURN-KEY, EXCEPTIONAL Investment Opportunity~Tenants enjoy, UPDATED/REMODELED units w/PRIVATE-YARD areas, GARAGE parking & (3) units have washer/dryer~The property has a UNIQUE-MIX of (3) LARGE 2/1.5 bath units w/(2) being TOWNHOME style & (1) 3/2 bath unit~Each building is sub-metered for water through HOA, this enables NEW Owner to BILL Tenants DIRECTLY for water & Tenants also pay electricity & gas - The HOA is FAVORABLE at $525 per mo., which includes sewer, trash, common-area maintenance & pool service~ The Sun Gardens Community is close-to, such local-attractions as: The Oakland A's Spring Training facility, Mesa Country Club & Mesa Riverview shopping center!

860 E Brown Road Unit 65, Mesa

Courtesy of CTS Realty. 602-795-0341 Selling Office: Coldwell Banker Realty.

$538,500
6964700 MLS
Opportunity knocks in one of Mesa's strongest rental corridors. This block-construction fourplex features four spacious 2-bed / 1-bath units, excellent visibility with Southern Ave frontage, and consistent demand thanks to its prime location. Each unit offers ceramic tile flooring throughout, individual electric meters, and washer/dryer hookups. Tenants appreciate the convenience, while owners love the durability and low-maintenance finishes. The property also includes an oversized 4-car covered parking area, providing valuable shade. There is deferred maintenance, and the property is being sold as-is, but the upside is clear for the investor willing to improve and reposition.... With strong rental fundamentals in the area and solid bones, this asset is poised to perform as part of any growing portfolio. Bonus: The neighboring property at 72 W Southern Ave is also available, presenting the rare chance to scale in a high-demand location. Add value, raise returns, and secure your next long-term hold right here in Mesa.

82 W Southern Avenue, Mesa

Courtesy of West USA Realty. 480-893-0600 Selling Office: Go Win Property Management.

$539,500
6964692 MLS
Opportunity knocks in one of Mesa's strongest rental corridors. This block-construction fourplex features four spacious 2-bed / 1-bath units, excellent visibility with Southern Ave frontage, and consistent demand thanks to its prime location. Each unit offers ceramic tile flooring throughout, individual electric meters, and washer/dryer hookups. Tenants appreciate the convenience, while owners love the durability and low-maintenance finishes. The property also includes an oversized 4-car covered parking area, providing valuable shade. There is deferred maintenance, and the property is being sold as-is, but the upside is clear for the investor willing to improve and reposition.... With strong rental fundamentals in the area and solid bones, this asset is poised to perform as part of any growing portfolio. Bonus: The neighboring property at 82 W Southern Ave is also available, presenting the rare chance to scale in a high-demand location. Add value, raise returns, and secure your next long-term hold right here in Mesa.

72 W Southern Avenue, Mesa

Courtesy of West USA Realty. 480-893-0600 Selling Office: Go Win Property Management.

$825,000
6958810 MLS
Welcome to this excellent investment opportunity, a charming multi-unit residential building, ideally situated in a sought-after location that combines convenience with comfort. This single-story block construction property features four well-appointed units, perfectly designed for modern living. Comprising of two 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units, offering diverse living options that cater to a variety of lifestyles. Each unit comes with their own private patio, one covered parking space and are individually metered for electricity, allowing residents to manage their utility expenses with ease. Your tenants will benefit from it's location which provides easy access to local amenities, shopping, dining, and transportation.

5825 E University Drive Unit 105-108, Mesa

Courtesy of Engel & Voelkers Scottsdale. 480-515-5900 Selling Office: Keller Williams Legacy One.

$835,000
6939892 MLS
Well-Maintained 4-Unit Asset | Favorable HOA Structure | Strong Upside Potential HOA is responsible for Sewer / Trash / Landscaping/Pool Discover an exceptional multifamily investment opportunity in the thriving East Valley at 360 E Brown Rd, Mesa AZ. Located within the desirable Sun Gardens Apartments community, this property combines stability, tenant appeal, and significant income growth potential—ideal for investors seeking dependable returns with low management demands. Property Overview Originally built in 1980, this well-maintained four-plex features a diverse unit mix designed for long-term occupancy and operational flexibility: (3) Large 2-Bedroom / 1.5-Bathroom Townhome-Style Units Well-Maintained 4-Unit Asset | Favorable HOA Structure | Strong Upside Potential Discover an exceptional multifamily investment opportunity in the thriving East Valley at 360 E Brown Rd, Mesa AZ. Located within the desirable Sun Gardens Apartments community, this property combines stability, tenant appeal, and significant income growth potentialideal for investors seeking dependable returns with low management demands. Property Overview Originally built in 1980, this well-maintained four-plex features a diverse unit mix designed for long-term occupancy and operational flexibility: (3) Large 2-Bedroom / 1.5-Bathroom Townhome-Style Units (1) Spacious 3-Bedroom / 2-Bathroom Single-Level Unit (2) Two-Car Garages + Additional Assigned / Unassigned Parking Each unit enjoys private fenced patios, individual washer and dryer hookups, and access to the well-kept community pool. HOA & Operating Advantages HOA Includes: Water | Sewer | Trash | Landscaping RUBS In Place: Each tenant pays ¼ of the HOA dues, ensuring efficient cost recovery and reduced owner expenses. Low-Maintenance Asset: The HOA's coverage of landscaping and core utilities streamlines management and enhances cash-flow consistency. Unit Highlights Townhome Units: Two-story layouts with no neighbors above or below, featuring open great rooms, eat-in kitchens, and fenced patios bordering lush common areas. 3-Bedroom Unit (#3): Desirable single-level floor plan with AC, ceiling fans, washer/dryer hookups, and a private back patio perfect for barbecuing. Parking: Each unit has garage access with additional open spaces for residents and guests. Community Features Refreshing Community Pool for tenant enjoyment Security Cameras for added peace of mind Professionally Maintained Landscaping included in HOA Convenient Location minutes from Loop 202, Downtown Mesa, schools, and major employers Investment Highlights HOA Includes Water / Sewer / Trash / Landscaping - Reduced ownership burden RUBS Implemented - Each tenant reimburses ¼ of the HOA dues Washer & Dryer in Each Unit - High tenant satisfaction and retention Ample Parking + Garages - Rare amenity in similar multifamily assets Rental Upside Potential - Market supports higher rents Desirable Unit Mix - Townhome-style 2-bedroom units + 1 spacious 3-bedroom Low-Maintenance Investment - Well-run HOA and established RUBS system Prime Mesa Location - Central access to employment, retail, and transit Summary With a strong unit mix, favorable HOA structure, and RUBS system already in place, 360 E Brown Rd offers investors a turnkey, income-producing asset positioned for both stability and growth. Its combination of efficient operations, tenant-friendly amenities, and continued rental upside makes this a compelling opportunity in the heart of Mesa's thriving multifamily market. Buyer to verify all facts and figures Located in the rapidly growing East Valley submarket of Mesa, 360 E Brown Rd offers investors a property positioned in one of the most dynamic and high-demand rental corridors in the Phoenix Metro area. Mesa's blend of affordability, accessibility, and employment diversity continues to attract long-term tenants, making it a consistent performer in multifamily investment portfolios. Prime East Valley Location Nestled just east of Country Club Drive and minutes from Downtown Mesa, this property enjoys close proximity to major transportation routes including Loop 202, Loop 101, and U.S. 60, ensuring seamless connectivity throughout the Valley. The nearby Valley Metro Light Rail provides direct service to Tempe, ASU Main Campus, and Downtown Phoenix, expanding the appeal to students and commuters alike. Major Employers & Economic Drivers Mesa's economy is anchored by a diverse employment base spanning healthcare, education, aerospace, and technology. The property is conveniently located near several major employers such as: Banner Desert Medical Center - One of the largest hospitals in Arizona, providing over 3,000 jobs. Banner Baywood Medical Center and Banner Heart Hospital - Renowned medical facilities serving the East Valley's growing population. Boeing Defense, Space & Security - A leading aerospace manufacturer employing over 3,500 in nearby northeast Mesa. Phoenix-Mesa Gateway Airport - A major transportation and logistics hub that supports thousands of regional jobs. Mesa Community College and ASU Polytechnic Campus - Two strong education anchors attracting students and staff seeking nearby housing. Apple Data Command Center, Amazon Fulfillment Centers, and Meta's Mesa Data Center - Recent corporate investments further fueling rental housing demand. Healthcare & Education Access The property benefits from proximity to multiple top-rated healthcare facilities including Banner Children's at Desert, Mountain Vista Medical Center, and Arizona Spine & Joint Hospital. Educational institutions such as Mesa High School, Edison Elementary, and Mesa Community College serve the area, drawing both families and student renters. Lifestyle & Recreation Tenants enjoy easy access to Mesa's recreational amenities and retail conveniences. Nearby destinations include Riverview Park, Mesa Riverview Shopping Center, Tempe Marketplace, and Hohokam Stadium, the spring training home of the Oakland Athletics. For outdoor enthusiasts, the Usery Mountain Regional Park, Salt River, and Red Mountain trails offer abundant hiking, biking, and kayaking options. Cultural attractions such as the Mesa Arts Center, Arizona Museum of Natural History, and local breweries add to the area's community charm and lifestyle appeal. Market Strength Mesa continues to lead the East Valley in population and job growth, consistently ranking among Arizona's top-performing rental markets. The city's focus on revitalization, infrastructure expansion, and technology-driven employment hubs has created a long-term growth environment for investors. This steady demand ensures strong occupancy levels, rent stability, and the potential for continued NOI growth at 360 E Brown Rd.

860 E Brown Road Unit 25-28, Mesa

Courtesy of Gerchick Real Estate. 602-688-9279 Selling Office: Gerchick Real Estate.

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Loving Phoenix Team | Real Broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.