8707 E BUTTE Street, Mesa, AZ 85207, Mesa, 85207 - 5 bed, 2 bath
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Mesa, AZ 85207
This Multifunctional Residential Asset is listed at $430,000, representing a stable equity position at its $430,000 Fair Market Value. The property features a unique 5-bedroom layout with attached living quarters designed for passive rental income or multi-generational living. Boasting a Condition Rating of 3, the interior offers updated laminate flooring and a modern kitchen, while the massive 11,770 sqft corner lot provides a detached garage and RV gate. Located near the Loop 202 and the 9/10 rated Franklin Elementary School, this is a strategic purchase for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking high-utility assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8707 E BUTTE Street Subject | $430,000* List Price | 5 | 2 | 1,596 | $269 | - |
A 8001 E COLBY Street Sold | $455,000 | 4 | 2 | 1,956 | $233 | 0.9 mi |
B 9266 E QUARTERLINE Road Sold | $390,000 | 3 | 2 | 1,395 | $280 | 0.8 mi |
C 301 N 87TH Street Active | $492,900 List Price | 3 | 2 | 1,736 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1964, the property is move-in ready and shows evidence of significant past renovations. The kitchen has been updated with modern dark wood cabinetry and functional black appliances. The interior features updated laminate wood-look flooring, neutral paint, and modern ceiling fans. While some dated elements like popcorn ceilings are present, the home is well-maintained with no immediate repairs visible in the images.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11770, living area = 1596.
Elementary School: Franklin Elementary School (9/10).
The property features attached living quarters that can be used as a rental unit for passive income or integrated into the main home for multi-generational living.
Built in 1964, the home likely requires updates to its major systems and interior finishes to meet modern aesthetic and efficiency standards.
With five bedrooms configured within 1,596 square feet, individual room sizes may feel cramped compared to more modern, open-concept layouts.
Experience the possibilities with this spacious 5-bedroom, 2-bath residence perfectly situated on a large corner lot. This property offers exceptional flexibility with a detached two-car garage, RV gate, and ample parking for vehicles or equipment. The rear of the home includes attached living quarters that can easily be integrated into the main living space or used as an income-producing rental. Conveniently located near the Loop 202, this property provides quick access throughout the Valley. Ideal for families, investors, or small business owners seeking a multifunctional property, this home combines comfort, practicality, and unlimited potential.
No exterior & parking available.
Grades PK-6 • 2.3 mi
Grades PK-6 • 5.1 mi
Grades K-6 • 8.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 85% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,596 | 2,106 | 26% |
| Lot Size | 11,770 | 9,283 | 68% |
| Price | $430.0K | $375.0K | 55% |
| Price per sq ft | $269 | $246 | 58% |
| Built year | 1964 | 2000 | 4% |
| HOA | $0 | $120 | 31% |
| Days on market | 173 | 2430 | 3% |
Oct 31, 2025
$430,000
Initial Listing