225 W 1ST Avenue 1-4, Mesa, AZ 85210

$699,000

Property Type: Multiple Dwellings Status: Active

Current Price: $699,000 Last Modified: 5/18/2026

Overview

Description

This property is a Gem for someone that wants to update it and turn it into an Airbnb rental, or use it for a commercial purpose as it can be any type of commercial property. Tile throughout units. Close to light rail and downtown Mesa.

Listing Details MLS# 7028075

Location, Tax & Legal

House Number: 225
Compass: W
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1300
Country: US
County Code: Maricopa
Subdivision: RIGGS TRACT
Assessor Number: 138-53-049
Tax Year: 2025
Unit #: 1-4
Assessor's Map #: 53
Legal Description (Abbrev): LOT 1 RIGGS TRACT MCR 002818
Assessor's Parcel #: 49
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 1238
Legal: LOT 1 RIGGS TRACT MCR 002818
Marketing Name: 1st ave fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6,234
Year Built: 1947
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: Commercial
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: Dobson High School

Remarks Misc

Cross Street: Country Club and Main st
Directions: North on Country club and right on 1st AVE to property on your right. Corner lot.

Legal Info

Township: 1N
Range: 5E
Section: 22
Lot Number: Yes

Income Expenses

Gross Annual Sch Inc: 66600
Net Operating Income: 54600

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1350
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1000
# Baths: Yes

4 Bedrooms Units

Avg Rent: 1500

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Rolled: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1238
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 66600

Pmt & Rate Info

Cap Rate: 8.4
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes

Cooling

Electric: Yes

Exterior Amenities

Sidewalk(s): Yes

Tenant Pays

None: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Rolled Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Sidewalk(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: HomeSmart

Last Updated: May - 18 - 2026