Sold
Last Sold Price
182,967 Lot Size4.20 Acres
1138 S Meridian Rd, Mesa, AZ 85208
LandProperty Type
4.20 acresLot Size

Description

Prime development opportunity!! Recently re-zoned from RS-42 to RM-3 PAD, the property is approved for 72 garden-style apartment units across three buildings, offering a mix of 1 BD, 2 BD, and 3 BD units. The location is ideal, with proximity to Eastmark, Mesa-Gateway Airport, and major healthcare employers. The area boasts strong rental demand and sale values for new residential housing, supported by an annual household income of over $80,000 within a 1-mile radius.Prime development opportunity!! Recently re-zoned from RS-42 to RM-3 PAD, the property is approved for 72 garden-style apartment units across three buildings, offering a mix of 1 BD, 2 BD, and 3 BD units. The location is ideal, with proximity to Eastmark, Mesa-Gateway Airport, and major healthcare employers. The area boasts strong rental demand and sale values for new residential housing, supported by an annual household income of over $80,000 within a 1-mile radius.

Listing Agent

  1. Olivia Guza

    Olivia Guza

    Listing Agent

    Compass

    P: (406) 580-2876

    M: (406) 580-2876

Listing closed: 10/18/2024 12:00 AM • Source: ARMLS, MLS#: 6769202

Location

Sold By My Home Group Real Estate

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Payment Calculator

$9,006 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,895

Property Taxes

$111

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1138 South Meridian Road

Property Details
  • Taxes: $1,329 / year
  • MLS Type: Land
  • View YN: No
  • Zoning: RM-3 PAD
Building Information
  • Lot Size: 4.20 AC
Summary
Location and General Information
  • Unparsed Address: 1138 S Meridian Road, -, Mesa, AZ 85208
  • City: Mesa
  • Coordinates: -111.581619, 33.394001
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: E Southern Rd & S Meridian Rd
  • Directions: Heading East on Southern, property is on your left.
  • Latitude: 33.394001
  • Longitude: -111.581619
  • Postal City: Mesa
  • Postal Code: 85208
  • State Or Province: AZ
  • Street Suffix: Road
Taxes and HOA
  • Association YN: No
  • Tax Annual Amount: $1,328.64
  • Tax Book Number: 220.00
  • Tax Lot: -
  • Tax Map Number: 79.00
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2,023
Parking
  • Garage YN: No
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 4.2
  • Lot Size Area: 4.2
  • Lot Size Dimensions: See County Assessor
  • Lot Size Square Feet: 182967.0
  • Lot Size Units: Acres
Property and Assessments
  • Development Status: See Remarks, Raw Land
  • Disclosures: ALTA Survey Alba
  • Documents Count: 0
  • Parcel Number: 22079425
  • Possible Use: See Remarks, Multi-Family
  • Property Type: Land
  • Public Survey Range: 7E
  • Public Survey Section: 25
  • Public Survey Township: 1N
Utilities
  • Distance To Electric Comments: Call Listing Office
  • Distance To Gas Comments: Call Listing Office
  • Distance To Phone Service Comments: Call Listing Office
  • Distance To Sewer Comments: Call Listing Office
  • Distance To Water Comments: Call Listing Office
  • Electric: SRP
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Other Structures: None
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0

Property History for 1138 South Meridian Road

DateEvent & SourcePriceAppreciation
Oct 18, 2024

Sold

ARMLS #6769202

$1,750,000
Oct 16, 2024

Sold (Public Record)

Public Record #1542960692

$1,750,000

+96.5% / yr

Oct 13, 2024

Pending

ARMLS #6769202

DateEvent & SourcePrice
10/18/2024

Sold

ARMLS #6769202

$1,750,000
10/16/2024

Sold (Public Record)

Public Record #1542960692

$1,750,000

+96.5% / yr

10/13/2024

Pending

ARMLS #6769202

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1138 South Meridian Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,325 ($110 / month)
Home Facts
Beds0Lot Size182,952 SqFtStyleResidentialZoningR-43CountyMARICOPAAPN220-79-425

Schools near 1138 South Meridian Road

This home is within Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Franklin at Brimhall Elementary School
PublicPK to 6

Franklin Elementary School
PublicPK to 6

Brinton Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.