1406 W EMERALD Avenue 103, Mesa, AZ 85202, Mesa, 85202 - 2 bed, 2 bath
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Mesa, AZ 85202
This High-Equity Residential Asset represents a High-Potential Investment Opportunity with a List Price of $260,000—positioned well below the $345,951 Fair Market Value by 24%. This significant valuation gap provides $85,951 in Instant Equity. Maintaining a Condition Rating of 4, the unit is move-in ready with a private one-car garage, balcony, and community pool. Its proximity to ASU and the 9/10 rated Franklin Elementary School ensures strong rental demand and high ROI potential. This acquisition is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1406 W EMERALD Avenue 103 Subject | $255,000* List Price | 2 | 2 | 908 | $305 | - |
A 930 S DOBSON Road 80 Sold | $185,000 | 2 | 2 | 923 | $200 | 0.7 mi |
B 720 S DOBSON Road 27 Sold | $258,000 | 2 | 1 | 784 | $329 | 0.8 mi |
C 1406 W EMERALD Avenue 118 Active | $265,000 List Price | 2 | 2 | 908 | $292 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1999, making it over 20 years old. While the interior has been freshly painted and features some newer appliances and fixtures (2022), the kitchen and bathrooms remain dated with original oak cabinetry and standard finishes. It is functional and move-in ready but lacks the comprehensive renovations required for a higher rating.
Elementary School: Franklin Elementary School (9/10).
The property includes a rare private one-car garage with direct interior access and a large L-shaped storage area, providing superior security and convenience compared to standard carports.
With a freshly painted interior, new garage door opener, and updated 2022 appliances and ceiling fans, the unit offers immediate value and reduced initial maintenance costs for the buyer.
The layout features a ground-level entry with all primary living spaces on the second floor, which may limit appeal for buyers with mobility concerns or those seeking single-level living.
The assigned local public schools carry lower ratings (3-4 range), which could be a drawback for families and may impact long-term appreciation compared to higher-rated districts.
** CUTE AND VALUE PRICED TWO-BEDROOM UNIT WITH PRIVATE ONE-CAR GARAGE ** For added security, the Garage provides Direct Access into the Unit on the Ground Level (with the living area contained on the second level) ** The Garage also contains a Large ''L-Shaped'' Storage Area under the staircase ** Freshly Painted Interior and Garage ** Nice Sized Great Room, with Balcony ** Interior, Full-Size Washer (2022) and Dryer ** Kitchen with Complete Appliance Package (including Refrigerator) ** Vaulted Ceiling ** Ceiling Fans (2022) ** New Garage Door and Opener (2022) ** Community Pool ** Close to Multiple Freeways, Shopping, Restaurants, Schools, ASU and Sky Harbor **
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.0 mi
Grades K-6 • 3.9 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 | 908 | 1,221 | 18% |
| Lot Size | 2,225 | 1,634 | 88% |
| Price | $255.0K | $265.0K | 29% |
| Price per sq ft | $281 | $242 | 82% |
| Built year | 1999 | 1974 | 94% |
| HOA | $257 | $224 | 65% |
| Days on market | 43 | 2198 | 6% |
May 18, 2026
$255,000
$260,000
-2% Price Drop
Initial Listing
May 7, 2026
$260,000
Initial Listing