449 N DREW Street E, Mesa, AZ 85201

$399,000

Property Type: Multiple Dwellings Status: Active

Current Price: $399,000 Last Modified: 8/14/2026

Overview

Description

Two units. One long-term tenant already in place. One vacant. Move in or rent it out. Block construction. LVL throughout. This isn't a traditional duplex where you hear your tenant sneeze. It lives like two houses on one lot. Mirror-image floor plans. One bed, one bath, kitchen, nook, oversized private backyard. Covered parking plus extra spots per unit. Separate entrances, separate fenced yards, separate meters. Tenant covers electric and landscape. The setup does the work. The location seals it. Downtown Mesa, light rail, ASU.

Listing Details MLS# 7043483

Location, Tax & Legal

House Number: 449
Compass: N
Street Name: DREW
St Suffix: Street
St Dir Sfx: E
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5803
Country: US
County Code: Maricopa
Subdivision: BIGGS ADD AMD
Assessor Number: 137-26-005
Tax Year: 2025
Assessor's Map #: 26
Legal Description (Abbrev): LOT 5 BIGGS ADD AMD MCR 005740
Assessor's Parcel #: 5
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421001
Taxes: 765
Legal: LOT 5 BIGGS ADD AMD MCR 005740
Marketing Name: Drew Street Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 84 X 82
Year Built: 1973
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: DUPLEX
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: University and Drew
Directions: N on Drew St, right to Drew St E, property on your right. White Duplex.

Legal Info

Township: 1N
Range: 5E
Section: 15
Lot Number: 5

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1380
Avg SqFt: 626
# Baths: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 30960
Net Operating Income: 27992

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Duplex: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Brick: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 765
Other Income: 1632
Vacancy Allowance: 0.1
Adjusted Gross Inc: 29332.8

Pmt & Rate Info

Cap Rate: 6.83
Equity: 410000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Evaporative Cooling: Yes
Electric: Yes

Tenant Pays

Electricity: Yes
Landscaping: Yes

Appliances Included

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

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Carport: Yes
Free: Yes
>1 Space Per Unit: Yes
Paved: Yes
Attached Carport: Yes

Electric

City Electric: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex Construction: Brick Const - Finish: Painted Roofing: Composition Floors: Laminate; Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; W/D Hookup Heating: Forced Air Cooling: Ceiling Fan(s); Electric; Evaporative Cooling Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: City Electric; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Free; Paved; Attached Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Landscaping Source of Fincl Data: Projected Proforma Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: eXp Realty

Last Updated: August - 14 - 2026

Broker Attribution: 480-359-6098