536 N HALL, Mesa, AZ 85203

$569,000

Property Type: Multiple Dwellings Status: Active

Current Price: $569,000 Last Modified: 7/04/2026

Overview

Description

Turn-Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex sits in the established Ko Ko Palms neighborhood, built in 1971 and cash-flowing for decades, the kind of long-held, low-turnover asset that's hard to find on the market. Two of the three units carry long-term tenants who've called this property home for over a decade, and the third unit is now vacant, giving a new owner the rare chance to step in and set a fresh, market-rate lease from day one. All three units are 2 bedroom, 1 bath with separate meters for electricity, gas, and trash. Tenants cover their own utilities, keeping operating costs lean for ownership. Unit A (the largest of the three) is home to a 14-year tenant at $1,200/mo, with two covered parking spots side by side in the rear, a private front

Supplements: yard and a large storage unit with washer/dryer hookups. Unit B has been home to a 10-year tenant at $1,100/mo, with one covered parking spot in the rear and two storage units, one with washer/dryer hookups. Unit C is now vacant and move-in ready. Covered parking in the rear ,two storage units, one with washer/dryer hookups, positioned for a new ow ... (Read more)

Listing Details MLS# 7050097

Location, Tax & Legal

House Number: 536
Compass: N
Street Name: HALL
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7490
Country: US
County Code: Maricopa
Subdivision: KO KO PALMS 2 LOTS 34-76
Assessor Number: 137-37-067-B
Tax Year: 2025
Assessor's Map #: 37
Legal Description (Abbrev): KO KO PALMS 2 LOT 66 EX SELY 56' & ALSO LOT 67 EX N 74'
Assessor's Parcel #: 67
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420800
Taxes: 1301
Legal: KO KO PALMS 2 LOT 66 EX SELY 56' & ALSO LOT 67 EX N 74'
Marketing Name: Unk

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Unk
Year Built: 1971
Total # of Units: 3
# of Buildings: 2
Zoning: M-H
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Gilbert/University
Directions: W to Hall St , then N to property

Legal Info

Township: 1N
Range: 5E
Section: 13
Lot Number: 66

Income Expenses

Gross Annual Sch Inc: 43140
Net Operating Income: 37250

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1200
Avg SqFt: 800
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1198
Avg SqFt: 900
# Baths: Yes

Project Type

Tri-Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 1595
Annual Landscape Exp: 1200
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5896
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 41845.8
Total Monthly Rental Income: 3595

Pmt & Rate Info

Cap Rate: 6.55
Equity: 569000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Exterior Amenities

Separate Storage: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

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
1 Space/Unit: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Sewer: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

Seller Prop Disc Stm: 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: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Separate Storage Appliances Included: Free-Standing Range Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra New Financing: Cash; Conventional Environmental: None

Listing Office: Limitless Real Estate

Last Updated: July - 04 - 2026