730 W PEPPER Place, Mesa, AZ 85201

$250,000
Property Type: Multiple Dwellings Status: Active
Current Price: $250,000 List Date: 9/06/2025 Last Modified: 11/12/2025

Description

Welcome to 730 W Pepper Place, a rare investment opportunity in one of Mesa's most established neighborhoods! This charming triplex blends vintage character with excellent income-producing potential, offering three separate one-bedroom, one-bath units across a spacious lot framed by mature trees and traditional block construction. With no HOA restrictions and plenty of room to enhance or expand, this property is the perfect canvas for investors eager to maximize returns. Each unit features a comfortable layout with a living room, kitchen, and private bedroom and bathroom, making them ideal for steady rental income.

Supplements: Two of the units are currently tenant-occupied on a month-to-month basis, providing immediate cash flow, while the third unit is vacant and ready for repairs, giving new ownership flexibility to renovate and increase value right away. Over the years, the property has benefited from improvements such as roof work and sewer line repairs, and it is fully serviced by city utilities for water, sewer, and gas. Set on a 7,405-square-foot lot, the property offers privacy, ample parking, and space for future upgrades. Its location adds even more appeal, with Downtown Mesa's vibrant mix of dining, shopping, and cultural venues just minutes away, as well as convenient light rail and freeway access. Nearby schools and parks further strengthen its long-term rental demand. Whether you are a seasoned investor seeking to expand your portfolio or someone eager to restore a piece of Mesa history, 730 W Pepper Place provides the foundation for long-term value. With multiple income streams already in place, strong neighborhood appeal, and untapped potential, this triplex is your chance to own a classic Mesa property with endless opportunity. Unit #1 is rented for $250 per month, and the tenant takes care of maintenance. Unit #2 is vacant, but was previously rented for $750 per month. Unit #3 is rented for $725 per month. Both tenants are leasing month-to-month. Each of the 3 units has its own electric meter. There is 1 water meter for the whole property.

More Information MLS# 6916236

Contract Info

Current Price: $250,000 List Price: $250,000 Status: Active List Date: 2025-09-06 Ownership: Fee Simple

Location Tax Legal

House Number: 730 Compass: W Street Name: PEPPER St Suffix: Place City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 7230 County Code: Maricopa Assessor Number: 135-57-078 Tax Year: 2024

General Property Description

Lot Size Dimensions: 7405 Year Built: 1945 Uncvrd Parking Spcs: 5 Total # of Units: 3 # of Buildings: 1 Zoning: RES Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Emerson Elementary School High School: Westwood High School

Remarks Misc

Cross Street: MAIN STREET AND EXTENSION Directions: North on Extension, right/east on Pepper PL to the property. Geo Lat: 33.416649 Geo Lon: -111.847227

Legal Info

Township: 1N Range: 5E Section: 21 Lot Number: Meets & Bounds

Income Expenses

Gross Annual Sch Inc: 20700 Net Operating Income: 5217

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 3 Avg Rent: 725 Avg SqFt: 450 # Baths: 3

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Foam Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Window/Wall Unit(s) Cooling: Window/Wall Unit; Individual Water Source: Master Meter Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; 1031 Exchange Environmental: None
Listing Office: West USA Realty
Last Updated: November - 12 - 2025
730 W PEPPER Place, Mesa, AZ 85201- MLS# 6916236
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