1137 E 5TH Avenue, Mesa, AZ 85204, Mesa, 85204 - 2 bed, 1 bath
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Mesa, AZ 85204
Analysis of 1137 E 5TH Avenue, Mesa, AZ 85204 is currently available with a list price of $600,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1943 (82 years old) with no recorded renovations, exceeding the 50-year threshold. The listing emphasizes the 37,000 sq ft lot's development potential for subdivision or a new estate, indicating the primary value is in the land rather than the small, aged structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36329, living area = 832.
The massive 37,000 sq ft lot is zoned R-6, allowing for a split into up to four residential lots without the need for rezoning or variances, offering significant upside for investors.
The lot is flat and features existing on-site utilities, which significantly reduces the complexity and cost of site preparation for new construction or a luxury estate.
Built in 1943, the existing 2-bedroom home is small and likely outdated, potentially requiring demolition or significant renovation to match the value of the land.
The property is currently in 'Active Under Contract' status, which may limit the ability for new buyers to negotiate unless the current transaction fails to close.
Minor Land Division being started. Whole parcel available now at $600k. Individual lots will be $200K or more per lot. You're looking at a massive 37,000 sq ft lot right in the middle of Mesa, already zoned R-6, which means you can split it into up to 4 residential lots without rezoning or a variance! OR build one incredible dream home with all the space you could ever need. Comes with a livable 835 sq ft house already on it - great for a rental, office, or temporary spot while you build Utilities on-site, lot is flat and ready to go. So many options — develop it, flip it, or build your own resort-style estate Lots this big in Mesa are hard to find — especially with this kind of flexibility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 832 | 1,580.5 | 1% |
| Lot Size | 36,329 | 7,366.5 | 99% |
| Price | $600.0K | $279.1K | 96% |
| Price per sq ft | $721 | $208 | 99% |
| Built year | 1943 | 1980 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 383 | 2369 | 13% |
May 29, 2025
$600,000
Initial Listing