5131 E DALLAS Street, Mesa, AZ 85205, Mesa, 85205 - 4 bed, 2 bath
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Mesa, AZ 85205
This High-Potential Investment Opportunity is listed at a List Price of $399,999, positioned well below the $390,609 Fair Market Value by -2%. Featuring a Condition Rating of 3, the property offers 4 bedrooms, newly updated bathrooms, and durable wood-look tile flooring. With no HOA restrictions and a versatile layout previously used for assisted living, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a property with significant functional flexibility and long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5131 E DALLAS Street Subject | $399,999* List Price | 4 | 2 | 1,551 | $252 | - |
A 5051 E COLBY Street Sold | $400,000 | 4 | 2 | 1,460 | $274 | 0.2 mi |
B 5228 E DES MOINES Street Sold | $319,900 | 2 | 2 | 1,423 | $225 | 0.1 mi |
C 5322 E FOUNTAIN Street Sold | $465,000 | 4 | 2 | 1,812 | $257 | 0.6 mi |
D 5251 E ADOBE Road Sold | $290,000 | 2 | 2 | 1,422 | $204 | 0.2 mi |
E 5316 E COLBY Street Sold | $400,000 List Price | 3 | 2 | 1,716 | 0.3 mi | |
F 5829 E ENROSE Street Pending | $419,999 List Price | 4 | 2 | 1,672 | $251 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1986, the property has undergone significant recent renovations including two newly updated bathrooms, new wood-look tile flooring throughout, and a recently replaced hot water heater. The kitchen features modern butcher block countertops and updated cabinetry. The home is move-in ready and functional, though the 'as-is' sale and presence of popcorn ceilings prevent 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 = 7269, living area = 1551.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Previously operated as an assisted living facility, the layout offers unique flexibility for group home use, rental investment, or a multi-generational primary residence.
The property is being sold in as-is condition, suggesting that buyers should budget for potential repairs or cosmetic updates to realize the home's full value.
While conveniently located near several schools, the assigned middle and high schools carry average ratings, which may be a consideration for education-focused families.
This versatile property offers endless potential! Whether you're looking for a primary residence, an investment opportunity, or a home suited for assisted living or group home use, this property checks all the boxes. Previously operated as an assisted living home, the layout provides flexibility, & functionality for a variety of living arrangements. Featuring vaulted ceilings, a wood burning fireplace, 4 bedrooms, 2 newly updated bathrooms, durable wood look tile flooring, & a recently replaced hot water heater. This home is located in the desirable Stoneybrook community with no HOA! Home is priced accordingly & is being sold as-is, presenting a fantastic opportunity for buyers looking to add their own vision & value. A rare opportunity with so many possibilities!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 2.5 mi
Grades K-6 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,551 | 1,590.5 | 47% |
| Lot Size | 7,269 | 7,521 | 27% |
| Price | $400.0K | $282.5K | 72% |
| Price per sq ft | $258 | $204 | 68% |
| Built year | 1986 | 1984 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 2309 | 1% |
May 12, 2026
$399,999
Initial Listing