750 W 1ST Place, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 2 bath
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Mesa, AZ 85201
This High-Potential Investment Opportunity is listed at a List Price of $409,000, positioned slightly above the $393,974 Fair Market Value. Despite the premium, the property features a Mint Condition Rating following a complete gut-rehab, including new electrical, PEX plumbing, and a new roof. The Multi-Family Lot zoning provides confirmed potential to add an additional unit, offering significant long-term upside. Located near the Light Rail and Downtown Mesa, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 750 W 1ST Place Subject | $389,900* List Price | 3 | 2 | 1,128 | $342 | - |
A 315 N CHERRY -- Sold | $330,000 | 3 | 2 | 1,034 | $319 | 0.2 mi |
B 1036 W 5TH Street Active | $395,000 List Price | 3 | 2 | 1,200 | $329 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been completely gutted and rebuilt from the ground up with a recent full renovation. It features brand-new kitchens and bathrooms, all-new electrical and PEX plumbing, a new roof, and updated sewer lines, meeting the criteria for mint condition with no maintenance required.
The property is situated on a multi-family lot with confirmed potential to add an additional unit, providing a significant value-add opportunity for investors seeking to maximize rental income.
Completely gutted and rebuilt from the ground up, the home features all-new electrical, PEX plumbing, a new sewer line, and a new roof, offering the peace of mind of a new build within a charming 1950s shell.
Located within walking distance to the Light Rail and public transit, and just minutes from ASU and Downtown Mesa, the property boasts high desirability for commuters and students alike.
At just 1,128 square feet for a three-bedroom configuration, the interior living spaces and individual bedrooms may feel cramped compared to modern residential standards.
Despite the extensive interior modernization, the 1950s block construction and original layout may lack the open-concept flow and storage capacity preferred by some contemporary buyers.
MULTI-FAMILY LOT with confirmed potential to add an additional unit! This rare Mesa investment opportunity features a fully renovated 1950 block construction property that was completely gutted and rebuilt from the ground up. Major upgrades include new tile flooring and subfloors, all-new electrical with recessed lighting throughout, PEX plumbing, updated kitchens and bathrooms, an updated sewer line, dual-pane windows, and a new roof with 100% new underlayment. Located within walking distance to the Light Rail, shopping, dining, and bus stops, and just minutes from Downtown Mesa, ASU, and US-60. Whether you're looking to expand your rental portfolio or maximize future cash flow, this property offers immediate value with additional development potential. FHA APPROVED
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,128 | - |
| Lot Size | 6,970 | - |
| Price | $389.9K | $476.2K |
| Price per sq ft | $346 | $271 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 2611 |
Jun 27, 2026
$389,900
$399,900
-3% Price Drop
Initial Listing
Jun 20, 2026
$399,900
$409,000
-2% Price Drop
Initial Listing
Jun 10, 2026
$409,000
Initial Listing