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$850,000
New Listing

816 N REVERE --
Mesa, AZ 85201

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1984
Built
Subdivision:
HERITAGE ESTATES UNIT 2
County:
Maricopa
Call Now: 602-456-1224
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602-456-1224
816 N REVERE --816 N REVERE --816 N REVERE --816 N REVERE --
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Monthly Payment (Est.)

$3,878
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Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.

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Listing Snapshot
Price 
$850,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1984
MLS® Number 
7002414
Status 
Active
Property Tax 
$2,463
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
3 hours agoListing first seen on site
General Features
Cross Street 
Alma School & Rio Salado
Disclosures 
Seller Prop Disc Stm
Garage 
Yes
Parking 
Attached CarportOn Street
Parking Spaces 
7
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
M-H
Interior Features
Appliances 
Free-Standing RangeOtherDisposalDishwasherRefrigeratorMicrowaveWasher/Dryer
Cooling 
Central Air
Flooring 
TileLaminateVinyl
Heating 
Heat Pump
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Exterior Features
Construction Details 
OtherStucco
Roof 
OtherTile
Community Features
Community Features 
Other
Financing Terms Available 
Conventional1031 ExchangeVA Loan
Roads 
Asphalt
School District 
Mesa Unified District
Township 
1N
Schools
School District
Mesa Unified District
Elementary School
Emerson Elementary School
Middle School
Carson Junior High School
High School
Westwood High School
Listing courtesy of Lotus Real Estate.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-03-22 08:49 PM UTC

Neighborhood & Commute
Source: Walkscore
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