901 E UNIVERSITY Drive, Mesa, AZ 85203, Mesa, 85203 - 6 bed, 3 bath
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Mesa, AZ 85203
This Commercial-Residential Hybrid Asset presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well below the $898,171 Fair Market Value by a negligible margin, reflecting a stable market entry. With a Condition Rating of 4, the property requires modernization but offers significant utility via its 0.7-acre double lot and 11-space gated parking. Its versatile layout is ideal for Buy-and-Hold Investors targeting treatment centers or offices, and Owner-Occupants seeking a large-scale residential footprint near top-rated schools like Franklin Elementary.
Property is moderate renovation needed.
Built in 1951, the property is well-maintained but dated, reflecting its current use as an institutional or commercial space rather than a modern residence. While bathrooms show some basic functional updates, the overall interior, flooring, and fixtures are over 20 years old in style and require modernization for residential appeal.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30235, living area = 3941.
Elementary School: Franklin Elementary School (9/10).
The property offers significant versatility with potential for commercial use as a treatment center or office space, supported by 11 gated parking spots.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =30235, other record lot size in square feet = 15362.
Originally built in 1951, the home may require significant capital improvements or modernization to meet current building codes and modern aesthetic standards.
With over 100 days on the market and a recent $100,000 price reduction, the property's niche configuration may be limiting its pool of qualified buyers.
Come see this amazing property in Mesa. Nearly 4000 sq. ft. on a double lot that is .7 of an acre total. Many potential uses of this great home. 6 plus bedrooms plus large family and living rooms along with 2.5 baths and enclosed garage currently set up as a gym. Commercial potential too. Great set up for a treatment center, counseling or business offices. The rear parking is gated and has approx 11 spaces. The property sits on 2 lots and the 2nd lot is currently a sport court. Buyer to verify all info.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,941 | - |
| Lot Size | 30,235 | - |
| Price | $900.0K | $476.2K |
| Price per sq ft | $228 | $271 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 141 | 2611 |
Jun 16, 2026
$900,000
$1,000,000
-10% Price Drop
Initial Listing
Mar 4, 2026
$1,000,000
Initial Listing