
Mesa, AZ 85203
This Spacious Income-Generating Residence is listed at $739,000, representing a stable entry point at its $739,000 Fair Market Value. The property features a high-utility 5-bedroom layout resulting from a versatile garage conversion, complemented by a private pool, artificial turf, and a massive 13,024 sqft lot with no HOA. Boasting a Condition Rating of 3, the home is currently leased until September 2026, ensuring immediate rental income. Located near the 9/10 rated Franklin Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Patient Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1759 N SPRING Circle Subject | $739,000* List Price | 5 | 3 | 3,064 | $241 | - |
A 419 E Ingram Street Sold | $635,000 | 7 | 3 | 3,154 | $201 | 0.1 mi |
B 906 E JASMINE Street Active | $635,000 List Price | 5 | 2 | 2,630 | $241 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1985, the property is well-maintained and features significant upgrades including a modern metal roof, artificial turf, and a well-kept pool area with safety fencing. While the garage has been converted into bedrooms, the exterior condition suggests consistent upkeep. As a rental property with over 3,000 sqft of living space, it remains move-in ready and functional, though it lacks the comprehensive recent interior overhaul required for an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13024, living area = 3064.
Elementary School: Franklin Elementary School (9/10).
Boasting over 3,000 square feet and five bedrooms, this property provides ample room for large families or multi-generational living arrangements.
The property is currently committed to a lease until September 2026, which significantly limits the pool of buyers to investors rather than immediate owner-occupants.
While elementary options are strong, the assigned middle and high schools have low ratings, which may deter families prioritizing long-term educational consistency.
Garage has been converted to two bedrooms. Garage door is intact and can be converted back to a garage if desired by buyers, Property is rented out until September 2026.
No exterior & parking available.
Grades PK-6 • 1.4 mi
Grades K-6 • 2.7 mi
Grades K-6 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 3,064 | 2,283 | 79% |
| Lot Size | 13,024 | 10,866 | 64% |
| Price | $739.0K | $410.0K | 85% |
| Price per sq ft | $241 | $219 | 61% |
| Built year | 1985 | 1981 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 211 | 2132 | 15% |
Sep 23, 2025
$739,000
Initial Listing