Southwest Apartments

For Sale

309 S Shouse, Mesa, AZ 85204

This Mesa property for sale is located at 309 S Shouse. The current listed sale price for Southwest Apartments is $6,500,000. Southwest Apartments is situated on a lot that is 1.41 acre in size.

Contacts

Danny Lee

SVN | Desert Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 35,814 SF
  • Units 40
  • Lot Size 1.41 Acre
  • Year Built 1972
  • Date Updated Oct 12, 2026
Discover the vibrant potential of Mesa, AZ, where the bustling downtown area meets the tranquility of residential neighborhoods. The location offers a diverse array of dining, shopping, and entertainment options, appealing to the modern high-rise investor looking to attract tenants seeking an urban lifestyle. With the Mesa Arts Center, Riverview Park, and nearby attractions like the Arizona Museum of Natural History and Hohokam Stadium, the area provides a rich cultural tapestry and ample green spaces. Proximity to major employment centers and convenient access to public transportation further solidify Mesa’s status as an enticing destination for multifamily investment.Explore a prime investment opportunity in Mesa, AZ, with a 35,814 SF building boasting 40 units, ideal for a discerning multifamily/high-rise investor. This well-maintained property, constructed in 1972, offers the advantage of being zoned RM-4, providing flexibility for future development or expansion. Situated in the desirable Mesa area, this property presents an exceptional foundation for maximizing rental income and long-term value appreciation. Take advantage of this turnkey investment with high potential for growth and solid returns in one of the most sought-after locations for multifamily development.
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Highlights

  • 25 Years Continuous Ownership
  • Ability to Install In-Suite Washer/Dryer Hook-ups
  • Opportunity to Renovate Units & Increase Rental Income
  • Superior Unit Mix of 2 & 3 Bedroom Units
  • True Value-Add Opportunity Priced at $162.5K/Unit

Attachments

Getting around

  • 69/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 76/100

    Bike Score ®

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Location

  • City Mesa, AZ
  • Neighborhood Powell Estates
  • Zip Code 85204
  • Market Phoenix

Points of Interest

  • Gilbert Rd/ Main St

    0.38 miles

  • Stapley/ Main St

    0.88 miles

  • Mesa Dr/ Main St

    1.92 miles

  • Center/ Main St

    2.40 miles

  • Country Club/ Main St

    2.88 miles

  • American Liberty Transportation

    3.26 miles

  • Alma School/ Main St

    3.81 miles

  • Sycamore/ Main St

    4.72 miles

  • Union Cab Company

    5.21 miles

  • Price-101 Fwy/ Apache Blvd

    5.71 miles

  • 76

    0.14 miles

  • Chevron

    0.15 miles

  • Fry's Fuel Center

    0.93 miles

  • QuikTrip

    0.95 miles

  • Shell

    1.15 miles

  • Circle K

    1.26 miles

  • Arco

    1.36 miles

  • Tesla Supercharger

    2.25 miles

  • ChargePoint

    2.70 miles

  • Tesla Destination Charger

    4.00 miles

  • Gilbert Road Park & Ride

    0.33 miles

  • Mesa Drive & Main Street Park & Ride

    1.91 miles

  • Pomeroy Parking Garage

    2.04 miles

  • Centennial Garage

    2.31 miles

  • Sirrine Parking Garage

    2.31 miles

  • Gold Lot

    2.54 miles

  • Pepper Place Garage

    2.54 miles

  • Green Lot

    2.56 miles

  • Orange Lot

    2.66 miles

  • Purple Lot

    2.68 miles

  • Quality Inn & Suites

    0.46 miles

  • Estend@Suites

    0.47 miles

  • The Frontier Motel

    0.88 miles

  • Starlight Motel

    1.07 miles

  • Super 8

    1.54 miles

  • Best Western Plus

    1.54 miles

  • Baymont

    1.61 miles

  • Delta Hotels

    2.35 miles

  • WoodSpring Suites

    2.85 miles

  • Ramada

    2.86 miles

  • Mercado Y Carniceria El Rancho

    0.04 miles

  • Food City

    0.84 miles

  • Bealls Outlet

    0.97 miles

  • Fry's Food and Drug

    1.02 miles

  • Target

    1.10 miles

  • Ross

    1.22 miles

  • Big Lots

    1.24 miles

  • Melrose Family Fashions

    1.26 miles

  • Bug & Weed Mart

    1.35 miles

  • Cardenas

    1.46 miles

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