$410,000
Mesa, AZ 85201
MLS# 7001964
Status: Pending
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Property Description
Stop overthinking it. This Drew duplex is one of the smartest buys in Mesa right now. Live in one side, let the other help cover your payment. It's set up for real privacy with separate entrances, private fenced yards, and individual parking, more like two homes than a typical duplex. One unit is move-in ready. The other has a solid long-term tenant already in place. Simple layout, durable finishes, and easy upkeep make this a low-stress property that just works. Close to downtown Mesa, the light rail, and ASU. This is where demand keeps growing. If you've been waiting for something that actually makes sense financially, this is it.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $410,000
List Price: $410,000
Status: Pending
List Date: 2026-03-20
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: BIGGS ADD AMD
Assessor Number: 137-26-005
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 84 x 82
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1973
Zoning: Duplex
Legal Info
Range: 5E
Section: 15
Township: 1N
Lot Number: 5
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 765
Other Income: 1632
Vacancy Allowance: 0.1
Adjusted Gross Inc: 28792.8
Pmt & Rate Info
Cap Rate: 6.91
Equity: 410000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Tenant Pays
Electricity: 1
Landscaping: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Paved: 1
Electric
City Electric: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1380
Avg SqFt: 626
# Baths: 2
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: University and Drew
Directions: N on Drew St, right to Drew St E, property on your right. White Duplex. No sign on property.
Geo Lat: 33.424596
Geo Lon: -111.832239
Status Change Info
Off Market Date: 2026-04-02
Under Contract Date: 2026-04-01
Income Expenses
Gross Annual Sch Inc: 30360
Net Operating Income: 28344
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Cooling: Ceiling Fan(s); Central Air
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
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Landscaping
Source of Fincl Data: Projected Proforma
Lockbox Type: Supra
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: eXp Realty
Last Updated: April - 02 - 2026
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Broker Attribution:
480-359-6098
