615 S PIONEER, Mesa, AZ 85204 (MLS# 7034354)

615 S PIONEER, Mesa, AZ 85204

$490,000

Property Type: Multiple Dwellings Status: Active

Current Price: $490,000 Last Modified: 6/09/2026

Overview

Description

Rare Mesa duplex investment opportunity with strong cash flow potential in a prime central location near the Loop 202, Downtown Mesa, Tempe, shopping, dining and major employment hubs. This multifamily property features a spacious 3-bedroom, 2-bath unit plus a separate 2-bedroom, 1-bath unit, making it ideal for investors, house hackers or multigenerational living. Updated finishes, private parking, low-maintenance setup and RM-2 zoning create flexibility and long-term value. Excellent rental demand area with proximity to ASU, Mesa Community College, Phoenix Sky Harbor and light rail access. Perfect opportunity for rental income, owner-occupant financing or portfolio expansion in one of Mesa's most affordable income-producing markets. Strong upside and flexible investment opportunity. Now.

Listing Details MLS# 7034354

Location, Tax & Legal

House Number: 615
Compass: S
Street Name: PIONEER
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 3353
Country: US
County Code: Maricopa
Subdivision: LYNWOOD TRACT LOTS 1-24
Assessor Number: 139-26-010-Q
Tax Year: 2025
Assessor's Map #: 26
Legal Description (Abbrev): LYNWOOD TRACT MCR 21-19 PT LOT 27 DAF W 118.61 F OF LOT 27 EX E 532.89F & EX N 62F TH/OF
Assessor's Parcel #: 10
Assessor Parcel Ltr: Q
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421902
Taxes: 841
Legal: LYNWOOD TRACT MCR 21-19 PT LOT 27 DAF W 118.61 F OF LOT 27 EX E 532.89F & EX N 62F TH/OF
Marketing Name: Lynnwood Tract Lots 24

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6669sf
Year Built: 1980
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: Yes
Zoning: M-H
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lowell Elementary School
Jr. High School: Kino Junior High School
High School: Mesa High School

Remarks Misc

Cross Street: S Pioneer & E 6th Dr
Directions: fom S Mesa Dr. head East on E Franklin Ave turn left onto S Pioneer.

Legal Info

Township: 1N
Range: 5E
Section: 26
Lot Number: 27

Income Expenses

Gross Annual Sch Inc: 39840
Net Operating Income: 34699

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1450
Avg SqFt: 700
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1870
Avg SqFt: 884
# Baths: 2

Project Type

Duplex: Yes

Construction

Wood Frame: Yes
Brick: Yes

Const - Finish

Painted: Yes
Siding: Yes

Roofing

Composition: Yes

Floors

Tile: Yes
Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 3300
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5141
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 37848
Total Monthly Rental Income: 3320

Pmt & Rate Info

Cap Rate: 7.08
Equity: 490000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Sidewalk(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
W/D Hookup: Yes
Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes
City Electric: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Wood Frame; Brick Const - Finish: Painted; Siding Roofing: Composition Floors: Tile; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Sidewalk(s) Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; W/D Hookup; Other Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP; City Electric Gas: None Parking Features: Carport; <1 Space Per Unit; Paved Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: Supra New Financing: Cash; FHA; Conventional; No Carry Environmental: None

Listing Office: Inspired Real Estate Life

Last Updated: June - 09 - 2026