$250,000
Mesa, AZ 85201
MLS# 6916236
1 / 24
Property Description
Welcome to 730 W Pepper Place, a rare investment opportunity in one of Mesa's most established neighborhoods! This charming triplex blends vintage character with excellent income-producing potential, offering three separate one-bedroom, one-bath units across a spacious lot framed by mature trees and traditional block construction. With no HOA restrictions and plenty of room to enhance or expand, this property is the perfect canvas for investors eager to maximize returns. Each unit features a comfortable layout with a living room, kitchen, and private bedroom and bathroom, making them ideal for steady rental income.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $250,000
List Price: $250,000
Status: Active
List Date: 2025-09-06
Location, Tax & Legal
Assessor's Map #: 57
Legal Description (Abbrev): PT LOT 17 BEG 520' N & 295' E OF SW COR SW4 NE4 TH N 140' E 50' S 140' W 50' TO BEG .17 AC
Assessor's Parcel #: 78
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421302
Taxes: 729
Tax District: Mesa
Legal: PT LOT 17 BEG 520' N & 295' E OF SW COR SW4 NE4 TH N 140' E 50' S 140' W 50' TO BEG .17 AC
Marketing Name: 730 W PEPPER PL
House Number: 730
Compass: W
Street Name: PEPPER
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 7230
County Code: Maricopa
Assessor Number: 135-57-078
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 7405
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Emerson Elementary School
High School: Westwood High School
Year Built: 1945
Zoning: RES
Legal Info
Range: 5E
Section: 21
Township: 1N
Lot Number: Meets & Bounds
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1845
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 300
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3609
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6483
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 20700
Total Monthly Rental Income: 975
Pmt & Rate Info
Cap Rate: 2.09
Down Payment: 0
Equity: 250000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Window/Wall Unit(s): 1
Cooling
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
City Electric: 1
Gas
City Gas: 1
Owner Pays
Water: 1
New Financing
Cash: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 725
Avg SqFt: 450
# Baths: 3
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: MAIN STREET AND EXTENSION
Directions: North on Extension, right/east on Pepper PL to the property.
Geo Lat: 33.416649
Geo Lon: -111.847227
Income Expenses
Gross Annual Sch Inc: 20700
Net Operating Income: 5217
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Individual
Water Source: Master Meter
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; 1031 Exchange
Environmental: None
Supplements
Over the years, the property has benefited from improvements such as roof work and sewer line repairs, and it is fully serviced by city utilities for water, sewer, and gas.
Set on a 7,405-square-foot lot, the property offers privacy, ample parking, and space for future upgrades.
Its location adds even more appeal, with Downtown Mesa's vibrant mix of dining, shopping, and cultural venues just minutes away, as well as convenient light rail and freeway access. Nearby schools and parks further strengthen its long-term rental demand.
Whether you are a seasoned investor seeking to expand your portfolio or someone eager to restore a piece of Mesa history, 730 W Pepper Place provides the foundation for long-term value.
With strong neighborhood appeal, and untapped potential, this triplex is your chance to own a classic Mesa property with endless opportunity.
Unit #1 is vacant, was previously rented for $250 per month, and the tenant took care of maintenance. Unit #2 is vacant, was previously rented for $750 per month. Unit #3 is vacant, was previously rented for $725 per month. Each of the 3 units has its own electric meter. There is 1 water meter for the whole property.
Listing Office: West USA Realty
Last Updated: December - 16 - 2025
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