Listing provided courtesy of My Home Group Real Estate- MLS# 7045584
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1861 N SPRING --Mesa, AZ 85203
Multi-Family$749,999
Active
1861 N SPRING -- Overview
- Time on Site:
- 6 days
- Visits:
- 0
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
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1861 N SPRING -- Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: Mesa Unified District
Income/Expenses
- Gross Income: 70620.0
- Gross Scheduled Income: 70620.0
- Net Operating Income: 55977.0
- Operating Expense: 8138.0
- Water Sewer Expense: 4831.0
Building Information
- Year Built: 1984
Location/Region
- Country: US
- County Or Parish: Maricopa
- Postal City: Mesa
- Subdivision Name: NORTH MESA VILLAGE
- Township: 1N
Community/Development
- Community Features: No Pool
Tax Information
- Tax Annual Amount: $1,483.00
- Tax Year: 2025
General Information
- Disclosures: None
- Listing Terms: Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Parcel Number: 136-24-125
- Property Type: Multiple Dwellings
- Zoning: Multi
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Electric: SRP
- Flooring: Wood
Exterior
Parking Information
- Open Parking Spaces: 4.0
- Parking Features: 1 Space/Unit
Lot Information
- Additional Parcels: false
- Lot Size Dimensions: 6970
- Number Of Buildings: 1
- Road Surface Type: Asphalt
- Water Source: City Franchise
Building Exterior/Construction
- Attached Garage: false
- Construction Materials: Wood Frame,Painted
- Roof: Composition
General Information
- Number Of Units Total: 4
- Sewer: Public Sewer
1861 N SPRING -- Neighborhood
Community
85203 (MESA) Demographics
32
Median Age
4,161
Population Density (per sq. mile)
34%
College Educated
$60,412
Estimated Median Income
7,192
Estimated Total Home Owners
5,931
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1861 N SPRING -- Monthly Cost
1861 N SPRING -- Market Data
Based on the last 30 days in this zip code
$523,056
Average List Price
$266
Average Price per Square Foot
22
Properties Sold
65
Average Days on Market
115
Properties for Sale
1861 N SPRING -- History
| Date | Value | Agent |
|---|---|---|
| 6/23/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area | June 23, 2026 |