649 E 2ND Street, Mesa, AZ 85203, Mesa, 85203 - 3 bed, 2 bath
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Mesa, AZ 85203
This Modernized Single-Family Residence is a Prime Investment Opportunity, listed at $340,000—positioned well below the $351,805 Fair Market Value by 3%. This valuation gap provides $11,805 in Instant Equity. Boasting a Condition Rating of 3, the home features wood-look tile flooring, a modernized kitchen with stainless steel appliances, and a private patio. Families benefit from the top-rated Franklin Elementary School (9/10), while the No HOA status ensures financial flexibility. This turnkey asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance lifestyle near downtown Mesa.
Property is move-in ready.
The property is move-in ready and features significant interior updates that exceed its 1962 build date. Key improvements include consistent wood-look tile flooring throughout the living areas and bedrooms, and a modernized kitchen equipped with stainless steel appliances and updated cabinetry. The interior appears well-maintained with neutral paint and updated fixtures, meeting the criteria for a well-functioning home with minimal immediate renovation needs.
Elementary School: Franklin Elementary School (9/10).
Situated just minutes from downtown Mesa, this property offers excellent proximity to local dining, entertainment, and urban amenities, making it ideal for those seeking a convenient lifestyle.
The home features updated tile flooring throughout and a bright, functional kitchen, providing a contemporary and move-in-ready feel within a classic 1962 structure.
At 1,103 square feet for a three-bedroom layout, the interior proportions and the 4,487 square foot lot are relatively small, which may feel restrictive for growing families.
The immediate assigned middle and high schools hold lower performance ratings, which could be a concern for education-focused buyers and impact future resale value.
This charming Mesa home is ideally located just minutes from downtown Mesa, offering the perfect blend of convenience and comfort. Inside, you'll find updated tile flooring throughout, a bright and welcoming kitchen, and an open, functional layout that makes everyday living easy. The backyard is designed for entertaining--whether you're hosting friends or enjoying a quiet evening at home, it's a space that truly adds to the lifestyle this home offers. Low maintenance, high functionality, and in a location that keeps you close to everything- come see!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,103 | 2,262 | 3% |
| Lot Size | 4,487 | 10,866 | 11% |
| Price | $340.0K | $400.0K | 40% |
| Price per sq ft | $308 | $219 | 84% |
| Built year | 1962 | 1981 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 2132 | 1% |
Mar 26, 2026
$340,000
Initial Listing