449 N DREW Street E, Mesa, AZ 85201
$425,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$425,000
Last Modified:
12/15/2025
Description
This Mesa duplex is a smart move for anyone who wants income and location in one package. One unit is move-in ready, the other has a steady long-term tenant, giving you instant help with your monthly payment or immediate cash flow. Updated interiors, private yards, and easy upkeep make this a solid fit for an owner-occupant or an investor. You're near downtown Mesa, the light rail, and minutes from ASU—an area where homes with income potential are getting harder to find. Simple, flexible, and built for long-term value.
More Information MLS# 6909072
Contract Info
Ownership: Fee Simple
Current Price: $425,000
List Price: $425,000
Status: Active
List Date: 2025-08-21
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: 82.31 x 84.11
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
Brick: 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: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 31168.8
Pmt & Rate Info
Cap Rate: 7.57
Equity: 425000
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
Heat Pump: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Tenant Pays
Electricity: 1
Landscaping: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 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
Conventional: 1
FHA: 1
No Carry: 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: 1
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: 33.423738
Geo Lon: -111.832207
Income Expenses
Gross Annual Sch Inc: 34632
Net Operating Income: 32191
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
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: Owner
Lockbox Type: Supra
New Financing: Cash; FHA; Conventional; No Carry
Environmental: None
Listing Office:
eXp Realty
Last Updated: December - 15 - 2025
Broker Attribution:
480-359-6098
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