1342 W EMERALD Avenue 418, Mesa, AZ 85202, Mesa, 85202 - 2 bed, 2 bath
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Mesa, AZ 85202
This 2-bedroom townhome represents a High-Potential Investment Opportunity, listed at $244,000—positioned above the $218,658 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 4, featuring new vinyl flooring and newer appliances. Its strategic location near Mesa Community College and ASU ensures strong rental demand. With a private patio and community pool, this asset provides immediate utility for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready residence in a high-traffic educational corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 W EMERALD Avenue 418 Subject | $244,000* List Price | 2 | 2 | 1,038 | $211 | - |
A 930 S DOBSON Road 80 Sold | $185,000 | 2 | 2 | 923 | $200 | 0.8 mi |
B 1051 S DOBSON Road 74 Sold | $259,000 | 3 | 2 | 1,289 | $201 | 0.7 mi |
C 1051 S DOBSON Road 82 Sold | $265,000 | 3 | 2 | 1,160 | $228 | 0.7 mi |
D 1051 S DOBSON Road 40 Sold | $280,700 | 3 | 2 | 1,160 | $242 | 0.8 mi |
E 1051 S DOBSON Road 40 Sold | $280,700 | 3 | 2 | 1,160 | $242 | 0.8 mi |
F 1342 W EMERALD Avenue 339 Active | $265,000 List Price | 2 | 2 | 1,038 | $255 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1979, shows recent cosmetic improvements including new vinyl plank flooring, fresh interior paint, and newer stainless steel appliances. However, the kitchen cabinets and overall aesthetic remain dated (likely 30+ years old), and the primary systems/structure are over 40 years old, requiring further modernization to bathrooms and cabinetry to reach a higher rating.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Strategically located near Mesa Community College, ASU, and major freeways, making it an ideal choice for students, commuters, or as a high-demand rental investment.
The home features durable vinyl flooring throughout and includes newer appliances, offering a move-in-ready experience with reduced immediate capital expenditure for buyers.
Built in 1979, the property may require more frequent maintenance or future updates to major mechanical systems compared to newer residential developments.
While some nearby charter/specialty schools rank highly, the immediate neighborhood public schools have lower ratings, which could affect long-term resale value for families.
GREAT MESA LOCATION close to Mesa Community College, ASU, airport, shopping, restaurants, freeways and more! Enjoy owning this inviting two-story townhome, 2 bedroom 1.5 bath with over 1000 sq ft! Vinyl flooring throughout and NEWER APPLIANCES all included in sale! 2 good sized bedrooms upstairs, one with a built in desk, that both share a full bath. A half bath down stairs for convenience. A good sized patio with artificial turf and a large laundry room with great storage!! Community pool for the hot summer days. This townhouse is priced to sell and a perfect starter home or investment property!! Come see this property before its gone!!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades K-6 • 2.0 mi
Grades K-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,038 | 1,221 | 24% |
| Lot Size | 815 | 1,590 | 24% |
| Price | $244.0K | $265.0K | 29% |
| Price per sq ft | $235 | $235 | 50% |
| Built year | 1979 | 1974 | 59% |
| HOA | $0 | $220 | 6% |
| Days on market | 14 | 2198 | 6% |
Jun 5, 2026
$244,000
Initial Listing