655 E 2ND Street, Mesa, AZ 85203, Mesa, 85203 - 3 bed, 2 bath
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Mesa, AZ 85203
This Value-Add Residential Asset is listed at $350,000, positioned near its $331,404 Fair Market Value. Featuring a Condition Rating of 5, the 1948 structure requires comprehensive modernization but offers substantial upside through forced appreciation and its No HOA Restrictions. The property includes a functional 3-bedroom layout; however, buyers should note a potential square footage discrepancy in public records. Access to top-tier education, including Franklin at Brimhall Elementary (9/10), enhances long-term value. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-potential renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 E 2ND Street Subject | $350,000* List Price | 3 | 2 | 1,150 | $288 | - |
A 220 N HORNE -- Active | $298,500 List Price | 4 | 1 | 1,174 | $254 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property is over 75 years old with no mention of recent renovations to kitchens, baths, or major systems like HVAC. The description's focus on 'investment potential' and 'future customization' typically indicates a need for significant rehabilitation and modernization.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The absence of a Homeowners Association provides owners with greater property freedom and eliminates monthly fees, enhancing the home's long-term affordability.
Located in the heart of Mesa with immediate access to freeways, shopping, and dining, this property offers high convenience for commuters and residents alike.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1150, other record living area = 1420.
As a 1948 build, the property may require capital improvements to older systems such as plumbing or electrical to align with modern efficiency and safety standards.
The assigned public schools for this location currently feature lower academic ratings, which could impact the property's appeal to families prioritizing education.
Charming 3-bedroom, 2-bath home located in the heart of Mesa with no HOA! This property offers a functional layout with comfortable living spaces, spacious bedrooms, and plenty of natural light throughout. The kitchen provides ample cabinet space and flows nicely into the main living areas, making it perfect for everyday living or entertaining. The large backyard offers endless possibilities for outdoor enjoyment, future customization, or investment potential. Conveniently located near shopping, dining, schools, parks, and easy freeway access. A great opportunity for homeowners or investors looking for a well-located property in a desirable Mesa neighborhood!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,150 | 2,164.5 | 8% |
| Lot Size | 4,299 | 10,262.5 | 13% |
| Price | $350.0K | $394.5K | 45% |
| Price per sq ft | $304 | $202 | 82% |
| Built year | 1948 | 1983 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 2320 | 3% |
Apr 23, 2026
$350,000
Initial Listing