
Mesa, AZ 85210
This Turnkey Multi-Unit Property is a High-Potential Investment Opportunity, listed at $640,000—positioned above the $578,248 Fair Market Value. Despite the premium, the property features a Mint Condition Rating with a New Casita and Garage, offering significant versatility for rental income or multi-generational living. Located in the heart of downtown Mesa, this asset provides exceptional walkability to local amenities. It is an ideal acquisition for Buy-and-Hold Investors seeking immediate cash flow or Owner-Occupants looking to offset mortgage costs through rental potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 132 S Hibbert Subject 6 bd · 5 ba · 2,002 sqft · $289 | $640,000* List Price | 6 | 5 | 2,002 | $289 | - |
A 258 E FRANKLIN Avenue Active 4 bd · 5 ba · 2,059 sqft · $291 · 0.7 mi | $600,000 List Price | 4 | 5 | 2,059 | $291 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1922 build date, the property has undergone a comprehensive recent renovation (likely <5 years) including a new roof, new cabinets, and fresh interior/exterior paint. Interior images show modern finishes such as recessed lighting, stainless steel appliances, updated tile and carpet flooring, and new HVAC mini-split systems, placing it in mint, move-in-ready condition.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The addition of a brand-new casita with its own garage provides a significant opportunity for rental income, multi-generational living, or a private guest suite, adding substantial value to the property.
Major capital improvements including a new roof, fresh interior and exterior paint, and new cabinetry significantly reduce immediate maintenance concerns and enhance the home's aesthetic appeal.
With 6 bedrooms and 5 bathrooms configured within just 2,002 square feet, the individual room sizes and common areas may feel cramped or lack the spaciousness expected at this price point.
While some high-rated specialty schools are in the vicinity, several of the closest neighborhood public schools have lower ratings, which may be a concern for families prioritizing education.
Discover the charm of downtown Mesa living at 132 S. Hibbert! This updated property features a new casita with a garage, fresh interior and exterior paint, a new roof, and new cabinets. Enjoy walking distance to downtown Mesa's local restaurants, coffee shops, and shops. With its fresh updates and desirable location, this property offers exciting possibilities for homeowners and investors alike. Explore the potential for rental income with the casita, creating an opportunity for additional income, multi-generational living, or a private guest space. Enjoy the convenience and vibrant atmosphere of downtown Mesa living!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,002 | 1,898.592 |
| Lot Size | 7,663 | 7,745.036 |
| Price | $640.0K | $485.3K |
| Price per sq ft | $320 | $264 |
| Built year | 1922 | 1995 |
| HOA | $0 | $174 |
| Days on market | 8 | 67 |
Oct 16, 2026
$640,000
Initial Listing