510 N ALMA SCHOOL Road 139, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This townhome represents a Strong Value Opportunity, listed at a List Price of $229,000—positioned slightly above the $225,533 Fair Market Value. While the property is in Fair Condition Rating (1987 build), its central location near ASU and Mesa Community College ensures consistent rental demand. The unit features a private courtyard and community pool, offering a low-maintenance lifestyle. With a low $170 HOA fee, this asset is well-suited for Buy-and-Hold Investors seeking rental yield or first-time buyers looking for an affordable, entry-level Mesa residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 510 N ALMA SCHOOL Road 139 Subject | $229,000* List Price | 2 | 2 | 792 | $285 | - |
A 510 N Alma School Unit 184 Road 184 Pending | $229,000 List Price | 2 | 2 | 792 | $289 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property is well-maintained but dated. The kitchen features older painted cabinetry and white appliances, and the bathroom fixtures are basic/original style. While move-in ready, it exceeds the 20-year threshold for modern updates and requires cosmetic renovations to meet current market standards.
Strategically situated near Arizona State University, Mesa Community College, and major freeways including the US-60 and Loop 101, making it ideal for students and commuters.
Priced competitively at $229,000 with a low $170 monthly HOA fee, this property offers a high potential for rental yield and affordable entry into the Mesa market.
The combination of a private courtyard and HOA-maintained amenities, including a community pool and landscaping, provides a convenient lock-and-leave environment.
With only 792 square feet for a two-bedroom layout, the interior dimensions are notably small, which may feel restrictive for buyers requiring more storage or larger furniture.
Built in 1987, the property may lack the energy efficiency and modern architectural finishes found in newer builds, potentially requiring future capital for cosmetic or system upgrades.
Move-in-ready Mesa townhome with a private courtyard, community pool, and an unbeatable central location! Bright and open living and dining spaces feature neutral tile flooring and abundant natural light. The functional kitchen offers generous cabinetry and seamless flow into the main living areas, making it ideal for everyday living and entertaining. Upstairs, spacious bedrooms provide comfort and privacy. HOA-maintained amenities include a sparkling community pool and beautifully landscaped common areas. Conveniently located near Arizona State University, Mesa Community College, shopping, dining, and major freeways including the US-60 and Loop 101. Perfect for first-time homebuyers, full-time/seasonal residents, or investors seeking affordable, low-maintenance, lock-and-leave living.
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 | 792 | - |
| Lot Size | 546 | - |
| Price | $229.0K | $310.0K |
| Price per sq ft | $289 | $260 |
| Built year | 1987 | 0 |
| HOA | $170 | $0 |
| Days on market | 2 | 2514 |
Jul 20, 2026
$229,000
Initial Listing