Mountain View Apartments — Sale in Mesa, AZ

  • Price: $6.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mesa, AZ 85203
  • Year built: 1973

Photos

Mountain View Apartments — Sale in Mesa, AZ, photo 1 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 2 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 3 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 4 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 5 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 6 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 7 of 8
Mountain View Apartments — Sale in Mesa, AZ, photo 8 of 8

Description

JLL is pleased to introduce Mountain View, a 30-unit garden-style apartment community in North Mesa. Built in 1973 and renovated in 2024, the community is made of block construction with built-up foam roofs and is individually metered for electricity. The Property features an attractive unit mix with majority two-bedroom units (60%) and three-bedroom units (40%), with an average unit size of 930 square feet. Mountain View benefits from excellent demand drivers with extremely high barriers to entry. Most notably, new corporate tech investments in Mesa are leading to a significant in-migration of young professionals in the area. Furthermore, the community’s proximity near Downtown Mesa, the Valley Metro Light Rail, entertainment centers, and excellent retail and dining offerings provide a highly desirable location for future residents

Market Context

This multifamily in Mesa, AZ is listed for sale at $6,600,000. The building dates to 1973. Compare it against other multifamily listings for sale in Mesa, AZ — view the full market.

As of Q1 2026, the Phoenix multifamily market showed a 12.1% vacancy rate, average asking rents near $1561.50/unit/mo, rents up 2.9% year over year, and cap rates around 5.9%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Phoenix?
About 5.9% as of Q1 2026, per multiple brokerage reports.
Is the Phoenix multifamily market tightening or softening?
Vacancy is around 12.1%, with asking rents rising year over year (Q1 2026).

Contact

Explore this market

Similar Multifamily Property for Sale in Mesa, AZ