457 E 9TH Avenue, Mesa, AZ 85204

New Listing

$900,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Active

Current Price: $900,000 List Date: 8/09/2026 Last Modified: 8/10/2026

Overview

Description

Investor's dream**DO NOT DISTURB OCCUPANTS** Turn-key and cash-flowing 4 plex with updated 2 bed, 1 bath units. TILE ROOF, Townhouse style. Private yard and individual laundry room in each unit. All occupied. Built in 1986. 10,160 sqft lot, 6 covered and 6 uncovered parking spots. The current rents are: Unit 1: $1,530 (long term tenant 10+ years) Unit 2: $1,550 (lease ends August 31, 2026) Unit 3: $1,530 (long term tenant 10+ years) Unit 4: $1,650 (lease through Jun 30, 2027)) Total of $6,260/month. Tenants never pay late. Tile floors throughout in all units. Each unit is separately metered for electricity. Tenants cover electricity, landlord pays water.

Supplements: There is a shed for storage could potentially be turned into office, or another unit. Last repair on the roof was 7/2026. Fresh exterior paint 10/2024 Unit 1 has a new water heater in 2/2023 and AC condenser in 10/2020, Condenser Fan Motor AC 5/2026 Unit 2 has a new dish washer and washer in 10/2022, water heater and garbage disposal in 2/2022 an ... (Read more)

Listing Details MLS# 7064367

Location, Tax & Legal

House Number: 457
Compass: E
Street Name: 9TH
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 4168
Country: US
County Code: Maricopa
Subdivision: CLARKSON MANOR
Assessor Number: 139-30-085
Tax Year: 2025
Assessor's Map #: 30
Assessor's Parcel #: 85
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421901
Taxes: 1668.6
Legal: LOT 3 CLARKSON MANOR MCR 024333
Marketing Name: Clarkson Manor Fourplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 10,160
Year Built: 1986
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: Mesa Dr and Southern

Legal Info

Township: 1N
Range: 5E
Section: 26
Lot Number: 3

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1550
Avg SqFt: 688
# Baths: Yes

More Information

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 74400
Net Operating Income: 61857

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Tile: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 2006
Annual Wtr/Swr Exp: 5288.43
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8963.03
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 70680

Pmt & Rate Info

Cap Rate: 6.87
Equity: 900000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Dishwasher: Yes
Refrigerator: Yes
Built-In Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes

Electric

City Electric: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Other Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; W/D Hookup Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: August - 10 - 2026