1241 E 3rd Ave
Mesa, AZ 85204
Reed Park- Studio
- 3,080 sqft
Studio
3,080 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1983
Living Area
3,080 sqft
Price/Sqft
$225
About this House
Great Cash Flow! NO HOA! New roof in 2019. New TRANE HVAC Unit 101 in 2017. Individual electric meters, tenants pay electric. Owner pays water, sewer and trash. Updated in 2016 with new tile, cabinets, granite countertops, new hot water heaters. Additional storage room for each unit includes laundry hookups. All leases are month to month. Rent increases are overdue and can be implemented immediately. Current rents are as follows: Unit 101 $900 Unit 102 $995 Unit 201 $900 Unit 202 $900 Unit 101 and 201 Include washer and dryer.
Home Details for 1241 E 3rd Ave
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Heating & Cooling Heating: Heat Pump, ElectricHeating Fuel: Heat Pump |
Levels, Entrance, & Accessibility Stories: 2Floors: Tile |
Appliances & Utilities DishwasherMicrowaveRefrigerator |
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Exterior Home Features Roof: Composite ShingleExterior: Stucco |
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Year Built Year Built: 1983Year Updated: 1983 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 4 |
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Lot Area: 7916 sqft |
Price History for 1241 E 3rd Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 12/30/2021 | $750,000 | Sold | N/A |
| 03/30/2020 | $580,000 | ListingRemoved | Agent Provided |
| 02/22/2020 | $580,000 | Listed For Sale | Agent Provided |
| 02/28/2015 | $165,000 | Sold | ARMLS #5220532 |
| 01/09/2006 | $342,500 | Sold | ARMLS #2415366 |
| 10/01/2004 | $253,000 | Sold | N/A |
| 08/26/1997 | $104,000 | Sold | N/A |
| 10/27/1995 | $102,500 | Sold | N/A |
Market trends in Mesa
Last updated June 2026
Avg. sale price
$430K
$1KMoM
Sale-to-List Price
98.9%
Price per sq ft
$257
$1MoM
Available listings
1900
106MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,326 |
| Assessment | $585,800 |
Home facts updated by county records
Comparable Sales for 1241 E 3rd Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.13 | Multi-Family Home | $815,000 | 11/26/25 | 8 | 4 | 3,136 | |
0.14 | Multi-Family Home | $449,000 | 09/17/25 | 5 | 2 | 2,100 | |
0.83 | Multi-Family Home | $747,000 | 11/10/25 | 8 | 4 | 3,760 | |
0.73 | Multi-Family Home | $580,000 | 12/03/25 | 4 | 4 | 2,080 | |
0.93 | Multi-Family Home | $715,000 | 06/16/26 | 6 | 4 | 2,100 | |
0.98 | Multi-Family Home | $510,000 | 02/12/26 | 6 | 6 | 2,367 | |
0.42 | Multi-Family Home | $1,260,000 | 04/22/26 | 12 | 5 | 5,400 | |
0.88 | Multi-Family Home | $430,000 | 12/12/25 | 3 | 2 | 1,714 | |
0.83 | Multi-Family Home | $600,000 | 03/23/26 | - | 624 | ||
1.12 | Multi-Family Home | $520,000 | 11/25/25 | 6 | 1 | 1,800 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1241 E 3rd Ave.
What Locals Say about Reed Park
At least 68 Trulia users voted on each feature.
87 % Say there are sidewalks
81 % Say parking is easy
78 % Say it's dog friendly
76 % Say car is needed
76 % Say kids play outside
75 % Say there's holiday spirit
67 % Say streets are well-lit
67 % Say yards are well-kept
58 % Say it's walkable to grocery stores
53 % Say it's walkable to restaurants
49 % Say people would walk alone at night
49 % Say they plan to stay for at least 5 years
46 % Say neighbors are friendly
44 % Say it's quiet
22 % Say there are community events
21 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 1241 E 3rd Ave
Off Market Homes Near 1241 E 3rd Ave
Frequently asked questions about 1241 E 3rd Ave
- What is 1241 E 3rd Ave estimated to be worth?Trulia's estimated value for 1241 E 3rd Ave in Mesa, AZ is $692,200.
- What is the price history for 1241 E 3rd Ave?1241 E 3rd Ave in Mesa, AZ last sold for $750,000 in December 2021.
- Is Mesa a buyer's or seller's market?Mesa is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Mesa?The median sale price in Mesa is $430K. That is down $1K from the prior month.

