Mesa, AZ 85201,554 W RIO SALADO Parkway
$595,000
Est. payment /mo
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2 Beds
1 Bath
1,342 SqFt
New

554 W RIO SALADO Parkway Mesa, AZ 85201

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Paul Anderson

Paul Anderson

+1(480) 900-9140

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,342 sqft

Price per Sqft $443

Subdivision Unknown

MLS Listing ID 6973576

Bedrooms 2

HOA Y/N No

Year Built 1947

Annual Tax Amount $1,066

Tax Year 2025

Lot Size 0.457 Acres

Acres 0.46

Property Sub-Type Single Family Residence

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This expansive lot is zoned Multi‑Family (MF), currently, offering incredible flexibility for your future. The existing home needs a full renovation with the potential, to add additional units in the back in the future redevelop. Located in a close knit family oriented community, the property is within walking distance to Elementary, Junior High and High Schools. Listing agent can provide general contractor information to assist with remodel completion. There is only $100K allowance included in this price! At this stage Buyer can be involved in selection items/upgrades. A renewed permit is necessary as owner has demolition permit in process, that would need revoked, if Buyer wants to remodel and live in the home. The home may need additional funds according to Buyer's upgrades. SEE The $100k is an estimate only, BEWARE! This is an entire remodel, to become FHA approved for finance. The current structure is being sold as-is, with the value primarily in the land and the current condition of the home needs a full remodel!! Ideal for builders, investors, or buyers looking to renovate or redevelop. Buyer to perform all due diligence regarding zoning, permits, and future use. Please reach out to discuss. A rare chance to restore or reimagine this home on this desirable lot. This project is offering a blank canvas for customization, expansion, or redevelopment. Perfect for buyers seeking a project in a sought-after location.
Seller makes no representations regarding condition of the structure. Utilities, systems, and appliances have not been tested. Buyer responsible for verifying all development possibilities.

Location Highlights:

"Centrally situated near Mesa Riverview and Tempe Marketplace
"Only 5 miles to ASU campus.
"Easy access to Loop 101 and Loop 202 freeways
"Just down the street from the Chicago Cubs Spring Training Stadium

"Surrounded by shopping, dining, and entertainment options
Whether you choose to renovate, redevelop, or pursue the four plex plans, townhome lots, this property offers exceptional potential in a thriving area. A rare opportunity to capitalize on Mesa's growth with multiple exit strategies available!

Location

State AZ

County Maricopa

Community Unknown

Area Maricopa

Direction North 202 freeway to Alma School exit, go South to Rio Salado Pkwy and turn left. Property is approximately 3/4 mile on your left.

Rooms

Den/Bedroom Plus 2

Separate Den/Office N

Interior

Interior Features 3/4 Bath Master Bdrm

Heating Electric

Cooling Central Air

Flooring Flooring

Fireplace No

SPA None

Laundry Other

Exterior

Carport Spaces 2

Fence Chain Link

Utilities Available SRP

Roof Type Composition

Private Pool No

Building

Lot Description Dirt Front, Dirt Back

Story 1

Builder Name unknown

Sewer Public Sewer

Water City Water

New Construction No

Schools

Elementary Schools Emerson Elementary School

Middle Schools Carson Junior High School

High Schools Westwood High School

School District Mesa Unified District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 135-16-041

Ownership Fee Simple

Acceptable Financing Owner May Carry, Cash, Conventional, VA Loan, Trade

Horse Property N

Disclosures None

Possession Close Of Escrow

Listing Terms Owner May Carry, Cash, Conventional, VA Loan, Trade

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by West USA Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Franklin West Elementary School

    Public | KG - 6

  • 8

    Macarthur Elementary School

    Public | KG - 6

  • 7

    Mesa Arts Academy

    Public | KG - 8

  • 7

    Learning Foundation

    Public | KG - 12

  • 6

    Step up School

    Public | KG - 8

  • 5

    Whittier Elementary School

    Public | PK - 6

  • 5

    Whitman Elementary School

    Public | PK - 6

  • 5

    Hawthorne Elementary School

    Public | PK - 6

  • 5

    Keller Elementary School

    Public | PK - 6

  • 4

    Roosevelt Elementary School

    Public | PK - 6

  • 4

    Webster Elementary School

    Public | PK - 6

  • 4

    Adams Elementary School

    Public | PK - 6

  • 4

    Emerson Elementary School

    Public | KG - 6

  • 4

    Redbird Elementary School

    Public | KG - 6

  • 4

    Burke Basic School

    Public | KG - 6

  • 4

    Lincoln Elementary School

    Public | PK - 6

  • 4

    Kerr Elementary School

    Public | KG - 6

  • 4

    New Horizon School for the Performing Arts

    Public | KG - 6

  • 4

    Sequoia Choice School Arizona Distance Learning School

    Public | KG - 12

  • 4

    Edison Elementary School

    Public | KG - 6

Middle Schools 6
  • 6

    Heritage Academy

    Public | 7 - 12

  • 4

    Carson Junior High School

    Public | 7 - 9

  • 4

    Sequoia Secondary School

    Public | 7 - 12

  • 4

    Kino Junior High School

    Public | 7 - 8

  • 0

    Evit - Carson Jr. High School

    Public | 7 - 9

  • 0

    Evit - Powell Jr. High School

    Public | 7 - 9

High Schools 8
  • 4

    Westwood High School

    Public | 9 - 12

  • 1

    East Valley Academy

    Public | 9 - 12

  • 0

    Salt River Accelerated Learning Academy

    Public | 9 - 12

  • 0

    Evit - East Valley Institute of Technology

    Public | 9 - 12

  • 0

    Evit - Westwood High School

    Public | 9 - 12

  • 0

    Pinnacle High School - Mesa

    Public | 9 - 12

  • 0

    Evit - Kino Junior High School

    Public | 9 - 9

  • 0

    Evit - Mesa Junior High School

    Public | 9 - 9

School and business data provided by Attom Data.

GET MORE INFORMATION

Paul Anderson

Paul Anderson

Agent | SASA681201000

+1(480) 900-9140

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