1826 N SPRING, Mesa, AZ 85203

$775,000
Property Type: Multiple Dwellings Status: Active
Current Price: $775,000 List Date: 10/03/2025 Last Modified: 11/12/2025

Description

Great investment or house-hack opportunity in the heart of Mesa, Arizona! This multifamily 4-plex for sale offers four fully renovated 2-bedroom, 1-bath units, each with convenient in-unit washer/dryer hookups. Updated in 2020, the units feature modern upgrades including white shaker cabinetry, matte black fixtures, neutral paint tones, newer tile and carpet, and stainless steel appliances—creating a clean, timeless design that attracts quality tenants. Major improvements have already been taken care of, including a new roof and four new A/C units, significantly reducing future maintenance expenses and ensuring long-term durability. Three units are currently tenant-occupied, generating consistent rental income, while one unit is available for an owner-occupant buyer

Supplements: a perfect house-hacking opportunity to live in one unit while your tenants help cover the mortgage. Opportunity for additional rental income by converting the patio to a 3rd bedroom for a savvy buyer. Located in a prime Mesa neighborhood with excellent rental demand, this property offers unbeatable convenience. Just minutes from US-60 and Loop 202 freeways, commuting throughout the Phoenix Metro and East Valley is fast and easy. Residents enjoy being close to shopping, dining, entertainment, top-rated schools, and major employers. The property's central location makes it highly desirable to renters seeking affordable, updated housing with easy access to everything Mesa has to offer. Whether you're a seasoned investor looking for cash flow in Arizona's booming rental market or a buyer searching for a turnkey house-hacking property in Mesa, this 4-plex checks all the boxes. A rare opportunity to own a low-maintenance, income-producing property in one of the fastest-growing areas of the Phoenix Metro!

More Information MLS# 6926281

Contract Info

Current Price: $775,000 List Price: $775,000 Status: Active List Date: 2025-09-26 Ownership: Fee Simple

Location Tax Legal

House Number: 1826 Compass: N Street Name: SPRING St Suffix: -- City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 9614 County Code: Maricopa Subdivision: NORTH MESA VILLAGE Assessor Number: 136-24-107 Tax Year: 2024

General Property Description

Lot Size Dimensions: 87'x102' Year Built: 1984 Uncvrd Parking Spcs: 6 Total # of Units: 4 # of Buildings: 1 Zoning: RM-4 Flood Zone: No Elementary School District: Mesa Unified District High School District: Mesa Unified District

Remarks Misc

Cross Street: Mesa Dr & McKellips Rd Geo Lat: 33.44847 Geo Lon: -111.822092

Legal Info

Township: 1N Range: 5E Section: 11 Lot Number: 3

Income Expenses

Gross Annual Sch Inc: 66180 Net Operating Income: 52304

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1395 Avg SqFt: 867 # Baths: 1

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None
Listing Office: Real Broker
Last Updated: November - 12 - 2025
1826 N SPRING, Mesa, AZ 85203- MLS# 6926281
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