
Mesa, AZ 85210
This High-Potential Investment Opportunity is listed at $595,000, positioned slightly above the $579,220 Fair Market Value. Despite the premium, the property offers a unique Income Producing Setup with a remodeled main residence and detached 2-studio guest house. Featuring a Condition Rating of 2, the home includes modern upgrades like solar panels and mini-split HVAC. Its downtown location provides high walkability and rental demand, making this a versatile Asset for Buy-and-Hold Investors or Owner-Occupants seeking house-hacking potential through flexible, multi-unit occupancy.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that completely reimagined the 1935 structure. It features a modern kitchen with new cabinetry, stone countertops, and stainless steel appliances, along with fully updated bathrooms featuring contemporary tile work and fixtures. The inclusion of solar panels, mini-split HVAC systems, and new flooring throughout indicates that all major components have been updated to meet current quality standards.
Elementary School: Franklin Elementary School (9/10).
The property includes a detached guest house with two fully updated studio units, providing exceptional opportunities for rental income, guest accommodations, or multigenerational living.
Located just two blocks from vibrant Downtown Mesa, the home offers high walkability to local restaurants, boutiques, and cultural attractions, plus easy access to the light rail.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2742, other record living area = 560.
Many of the assigned public schools in the immediate vicinity have low performance ratings, which may be a drawback for families prioritizing top-tier educational districts.
Despite the extensive aesthetic remodel, the 1935 build date may imply underlying aged systems or structural elements that require more maintenance than a modern construction.
INCOME PRODUCING SETUP, 2 KITCHENS, DETACHED 2 STUDIO UNIT GUEST HOUSE, DOWNTOWN MESA Investor-focused opportunity with a remodeled main residence and detached 2 studio unit guest house designed for flexible occupancy and multiple income streams. Property layout supports long-term rental, short-term rental, live/work use, shared housing, or multigenerational occupancy. Two kitchens and separated living areas create strong functionality for maximizing rental potential and tenant flexibility. Interior remodel adds turnkey appeal while minimizing immediate renovation costs. Expansive lot offers additional parking flexibility, outdoor utility, storage options, or future value-add potential. Located in downtown Mesa near light rail access, restaurants, retail, and ongoing redevelopment activity driving continued demand in the area. Strong fit for investors seeking cash flow, house hacking potential, or a property adaptable to multiple rental strategies. Rare opportunity to acquire a flexible income property that stands apart from standard single-family inventory.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-6 • 1.1 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,742 | 1,649 | 91% |
| Lot Size | 9,075 | 7,854 | 79% |
| Price | $575.0K | $0 | 91% |
| Price per sq ft | $210 | $0 | 55% |
| Built year | 1935 | 1979 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 2124 | 3% |
May 29, 2026
$575,000
$595,000
-3% Price Drop
Initial Listing
Mar 12, 2026
$595,000
Initial Listing