1500 W RIO SALADO Parkway 148, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
Analysis of 1500 W RIO SALADO Parkway 148, Mesa, AZ 85201 is currently available with a list price of $247,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While the structure dates to 1974, the interior has undergone a comprehensive renovation within the last 5 years. The kitchen features modern quartz countertops, contemporary cabinetry, and stainless steel appliances, while the bathrooms and flooring have been updated to mint, move-in ready condition.
The property is exceptionally located near ASU, Tempe Marketplace, and major transit corridors like the 101 and 202, making it highly desirable for commuters and students.
The interior features a contemporary kitchen upgrade with quartz countertops, tile backsplash, and updated cabinetry, offering immediate value and reducing move-in costs.
With its competitive price point and proximity to major employment and entertainment hubs, this home serves as both an excellent entry-level starter and a high-demand rental unit.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 797, living area = 1100.
Built in 1974, the property may have aging infrastructure or systems that require more frequent maintenance compared to newer builds.
The small lot size and compact patio area provide minimal outdoor living space, which may be a drawback for buyers seeking a traditional backyard or room for pets.
LOCATION!!! LOCATION!!! LOCATION!!! You will love this adorable home located in North Mesa. Fantastic location close to great schools & parks. You'll be just minutes away from Tempe Marketplace, Sloan Park, Riverview Park, the 101, 202, ASU, and so much more. You can hardly beat this location! Offering 2 large bedrooms 1.5 baths. spacious living room, and a dining area. Your new kitchen offers tile backsplash, quartz countertops, track lighting, and contemporary cabinets with lots of storage space. Cozy patio area to relax on. Ideal starter home for first time buyers and also it would be a fantastic rental. Come see this gem for yourself! You won't be disappointed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,100 | - |
| Lot Size | 797 | - |
| Price | $247.0K | $476.2K |
| Price per sq ft | $225 | $271 |
| Built year | 1974 | 0 |
| HOA | $195 | $0 |
| Days on market | 13 | 2611 |
Jul 9, 2026
$247,000
Initial Listing