1347 E 2ND Street, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 3 bath
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Mesa, AZ 85203
This property presents a High-Potential Investment Opportunity with a List Price of $449,500—positioned well above the $334,843 Fair Market Value by -34%. Featuring a Fair Condition Rating (5), the home requires significant capital for a roof replacement and pool restoration. However, the 10,068 sqft irrigated lot and proximity to top-rated schools like Franklin Elementary (9/10) provide a solid foundation for value-add projects. This asset is best suited for Fix-and-Flip Investors or Contractors capable of managing an FHA rehab loan to unlock long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1347 E 2ND Street Subject | $449,500* List Price | 4 | 3 | 2,297 | $146 | - |
A 323 N HUNT Drive E Sold | $450,000 | 4 | 2 | 1,842 | $244 | 0.3 mi |
B 1738 E ENROSE Street Sold | $480,000 | 3 | 2 | 2,605 | $184 | 1.0 mi |
C 1655 E 1st Place Active | $435,000 List Price | 5 | 3 | 2,286 | $190 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958, the property has significant safety and structural issues including a non-functional pool and a roof requiring replacement (indicated by the seller credit). While the kitchen and flooring have received some updates, the listing's explicit mention of qualifying for an FHA rehab loan confirms it needs substantial rehabilitation to meet standard habitability and safety requirements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10068, living area = 2297.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated just minutes from Downtown Mesa and Main Street, the property offers exceptional access to local dining, shopping, and entertainment hubs.
The property features a non-functional pool and a roof in need of replacement, necessitating immediate capital investment or specialized financing like an FHA rehab loan.
Originally constructed in 1958, the home may require further modernization of its core systems to meet current energy efficiency and building standards.
Located just minutes from Downtown Mesa and Main Street, this home offers unbeatable access to shopping, restaurants and entertainment. For sale is a great oppurtunity in this neighborhood. This 4 bedroom/ 2 bath Home features some nice updated items. Updated kitchen cabinets and counters, ceramic slate tile throughout. Spacious great room design with a bonus room that can be used as another family room or playroom. This home has no HOA and offers irragated lot. Seller is offering a roof replace credit and pool is not-functional. Home can qualify for FHA rehab loan. FHA please read remarks.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 2,297 | 2,251.5 | 53% |
| Lot Size | 10,068 | 10,262.5 | 47% |
| Price | $449.5K | $399.0K | 63% |
| Price per sq ft | $196 | $197 | 50% |
| Built year | 1958 | 1983 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 2320 | 3% |
Jun 7, 2026
$449,500
Initial Listing