730 W PEPPER Place, Mesa, AZ 85201 (MLS# 6962917)

730 W PEPPER Place, Mesa, AZ 85201

$235,000
Property Type: Multiple Dwellings Status: Active
Current Price: $235,000 Last Modified: 1/03/2026

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.

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.

More Information MLS# 6962917

Contract Info

Ownership: Fee Simple Current Price: $235,000 List Price: $235,000 Status: Active List Date: 2026-01-02

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: 733 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: 2025

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: 6487 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 20700 Total Monthly Rental Income: 975

Pmt & Rate Info

Cap Rate: 2.22 Down Payment: 0 Equity: 235000 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
Listing Office: West USA Realty
IDX
Last Updated: January - 03 - 2026
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