238 N STANDAGE Street, Mesa, AZ 85201
$485,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$485,000
List Date:
8/25/2025
Last Modified:
11/06/2025
Description
Rare opportunity for investors or owner-occupants seeking a well-maintained property with stable rental income and strong future potential. Featuring 2,470sf, total livable space with two large units—3-bedroom, 2-bath and a 2-bedroom, 1-bath & ideal location near the Mesa-Tempe border. Both units have new kitchen 2018 & 2025, with new appliances, stove, fridge, & dishwasher. Long-term tenant in place, this turn-key investment balances immediate cash flow with long-term value growth. The larger unit was updated: 2018, kitchen & bathrooms, HVAC 2025, & has washer/dryer. Both units also enjoy a private backyard with block fencing & separate storage. Mesa's rental market continues to thrive, with steady population growth, a strong job base, and proximity to higher education institutions.
More Information MLS# 6909926
Contract Info
Current Price: $485,000
List Price: $485,000
Status: Active
List Date: 2025-08-23
Ownership: Fee Simple
Location Tax Legal
House Number: 238
Compass: N
Street Name: STANDAGE
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6225
County Code: Maricopa
Subdivision: MESA VERDE UNIT 2
Assessor Number: 135-49-096
Tax Year: 2024
General Property Description
Lot Size Dimensions: 6959
Year Built: 1973
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-2
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Emerson Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Remarks Misc
Cross Street: Alma School & University
Directions: West on University to Standage, south on Standage
Geo Lat: 33.419607
Geo Lon: -111.861207
Legal Info
Township: 1N
Range: 5E
Section: 20
Lot Number: 71
Income Expenses
Gross Annual Sch Inc: 36600
Net Operating Income: 27774
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 920
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1650
Avg SqFt: 1550
# Baths: 2
Property Features
Project Type: Duplex
Construction: Block; Slump Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: November - 06 - 2025
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