102 S POMEROY Street, Mesa, AZ 85210

$399,900

Property Type: Multiple Dwellings Status: Active

Current Price: $399,900 Last Modified: 7/25/2026

Overview

Description

This rare to market stable, seven unit apartment building is walking distance to the light rail Near Downtown Mesa and consists of seven 1 bedroom and 1 bathroom units. Most of the tenants have been in their units for many years, and some have even lived there for decades. The photos we have are from 2024 when the last unit turned over. All units currently rented at $850 or more per month except one, so there is a little room to increase rents as the units turn over. Listed at a 6.1 CAP Rate generating just under $24,380 NOI in the last twelve months with very stable tenant mix, increased income opportunity, and long term value investment near Downtown Mesa.

Listing Details MLS# 7058538

Location, Tax & Legal

House Number: 102
Compass: S
Street Name: POMEROY
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1429
Country: US
County Code: Maricopa
Subdivision: MESA
Assessor Number: 138-66-021
Tax Year: 2025
Assessor's Map #: 66
Legal Description (Abbrev): LOT 6 BLOCK 36 MESA MCR 002318
Assessor's Parcel #: 21
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 1406
Legal: MESA PT LOT 6 BLK 36 BEG AT NE COR LOT 6 S 150' W 50' N 150' E 50' TO BEG
Marketing Name: 7 Unit Multifamily

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Approx. 152.35ft x 49.95ft
Year Built: 1960
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: Yes
Zoning: R-TC, DR-3

Remarks Misc

Cross Street: Mesa Drive & Main Street
Directions: From Mesa & Main, head South to 1st Ave and turn Right/West onto 1st Ave. Pomeroy is your first street on the left, and the property is the building on the SW Corner of 1st Ave and Pomeroy.

Legal Info

Township: 1N
Range: 5E
Section: 22
Block: 36
Lot Number: 6

Income Expenses

Net Operating Income: 24378.7

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 7
Avg Rent: 831.43
Avg SqFt: 412
# Baths: Yes

Contact Info

List Agent Home Phn: 4807033316

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 44408.6
Operating Exp: 45814.6
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 68787.3

Status Update

Multiple Offers Recd: Yes

Pmt & Rate Info

Cap Rate: 6.1
Equity: 399900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Electric: Yes
2 or More Units: Yes

Tenant Pays

Cable TV: Yes

Appliances Included

Disposal: Yes
Free-Standing Electric Oven: Yes
Free-Standing Gas Oven: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
1 Space/Unit: Yes
Paved: Yes
Off Street: Yes

Electric

City Electric: Yes
Master Meter: Yes

Gas

City Gas: Yes
Master Meter: Yes

Owner Pays

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

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Disposal Heating: Natural Gas Cooling: Electric; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: City Electric; Master Meter Gas: City Gas; Master Meter Parking Features: On Street; 1 Space/Unit; Paved; Off Street Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: Cable TV Source of Fincl Data: Owner Status Update: Multiple Offers Recd Lockbox Type: None Existing 3rd Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: eXp Realty

Last Updated: July - 25 - 2026