232 S HORNE --, Mesa, AZ 85204, Mesa, 85204 - 2 bed, 2 bath
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Mesa, AZ 85204
This Strategic Multi-Unit Development Asset is listed at $389,000, reflecting its premium RM4 Zoning and expansive 9,116 sqft lot. While the $359,117 Fair Market Value represents the current residential baseline, the property’s true value lies in its density potential and 2020 Remodel. Boasting a Condition Rating of 3, the interior features updated flooring and modern finishes, complemented by a Park View of Eagle Park and an RV gate. This versatile property is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with significant long-term expansion upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 S HORNE -- Subject | $389,000* List Price | 2 | 2 | 848 | $423 | - |
A 807 E DOLPHIN Avenue Sold | $385,000 | 3 | 1 | 1,148 | $335 | 0.5 mi |
B 427 E CRESCENT Avenue Active | $339,900 List Price | 3 | 2 | 900 | $378 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready following a 2020 remodel that included new flooring and interior updates. Although originally built in 1933, the recent renovations within the last five years and the well-maintained exterior shown in the images suggest that major systems are functional and the home meets modern living standards without requiring immediate repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9116, living area = 848.
The property is zoned RM4 (Multi-Unit) on a generous 9,116 sqft lot, offering significant investment upside for developers or owners looking to add additional units.
Remodeled in 2020 with new flooring and updated finishes, the home provides a modern, move-in-ready interior despite its historic 1933 origins.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
At only 848 square feet for a two-bedroom, two-bathroom configuration, the interior living area is quite compact and may feel restrictive for some buyers.
Built in 1933, the property's age may necessitate ongoing maintenance or upgrades to older mechanical and structural systems not covered by the 2020 cosmetic remodel.
Recently Remodeled on a Large Lot. Zoned Multi Unit. new owner to verify. bedroom Two Bath . Updated in 2020. with new Flooring. Large indoor laundry and storage. Large covered Patio with RV gate and 22 Sheds. Eagle park right across the street. Zoned RM4
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 848 | 1,601 | 1% |
| Lot Size | 9,116 | 7,325 | 82% |
| Price | $389.0K | $365.0K | 58% |
| Price per sq ft | $459 | $218 | 99% |
| Built year | 1933 | 1980 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 2246 | 1% |
Apr 10, 2026
$389,000
Initial Listing