547 W MAHONEY Avenue, Mesa, AZ 85210, Mesa, 85210 - 2 bed, 4 bath
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547 W MAHONEY Avenue
Mesa, AZ 85210
ACTIVE
CONDITION: EXCELLENT
2Beds
4Baths
1,106Sq Ft
6,250Lot Size
Property Price
LIST PRICE$497,000
EST. MARKET VALUE
$466,774
6% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a versatile Live-Work Property listed at $497,000, positioned above the $455,169 Fair Market Value. Despite the premium, the property offers significant utility through its Commercially Zoned Land, detached office, and two shop buildings. Featuring an Excellent Condition Rating with modern Stone Countertops and updated baths, this home is move-in ready. Its strategic location near Downtown Mesa and light rail access ensures long-term demand. This unique asset is an ideal acquisition for Entrepreneurs or Owner-Occupants seeking a flexible, high-utility workspace.
Estimated Market Value
$466,774
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1950, this property has undergone an extensive and high-quality renovation within the last few years, meeting the criteria for an excellent rating. The interior features a fully updated kitchen with modern white shaker cabinets, stone countertops, and contemporary tile work. The flooring has been replaced throughout with high-end tile, and the bathrooms have been stylishly remodeled. The addition of a renovated detached office and a full outdoor kitchen further demonstrates that all major components have been updated to current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Commercial Zoning & Versatility
The property is situated on commercially zoned land and features a detached office and two shop buildings, offering a rare and flexible live-work opportunity for entrepreneurs or investors.
- Modern Interior Upgrades
Extensively renovated with high-quality finishes, the home includes stone countertops, upgraded tile flooring, and stylishly remodeled bathrooms that provide a contemporary aesthetic.
- Strategic Urban Location
Located just two blocks from Downtown Mesa with immediate access to the light rail and Main Street, the property boasts high walkability and significant potential for long-term appreciation.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,106 square feet, the main living area is relatively small, which may feel restrictive for buyers prioritizing spacious indoor residential living.
- Vintage Infrastructure
Originally built in 1950, the property may have underlying structural or utility limitations common to older homes that cosmetic renovations might not fully address.
About 547 W MAHONEY Avenue
Live-work opportunity in the heart of Mesa! This beautifully renovated 2-bed, 2-bath property offers modern finishes with upgraded tile flooring, updated kitchen with stone surfaces, and stylishly remodeled baths. A converted detached office features upgraded flooring and a luxurious full bath--ideal for workspace or creative use. The backyard includes two shop buildings, an additional half bath, and a covered patio transformed into a full outdoor kitchen. Located on commercially zoned land just two blocks from Downtown Mesa, near Main Street and light rail access. Perfect for owner-users, entrepreneurs, or investors seeking flexibility and convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,106 | 1,890.26 |
| Lot Size | 6,250 | 7,798.376 |
| Price | $497.0K | $485.4K |
| Price per sq ft | $449 | $264 |
| Built year | 1950 | 1994 |
| HOA | $0 | $174 |
| Days on market | 201 | 69 |
Pricing History
Listed for Sale
Jul 2, 2026
$497,000
$535,000
-7% Price Drop
Initial Listing
Price Change
Apr 20, 2026
$535,000
$545,000
-2% Price Drop
Initial Listing
Price Change
Feb 20, 2026
$545,000
Initial Listing