554 W Rio Salado Pkwy

Mesa, AZ 85201

$595,000
Price
2
Beds
1
Bath
1,342 Sq. Ft.
$443 / Sq. Ft.
1,342
Sq. Ft.
$443
per Sq. Ft.
New
New

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...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!
  1. Listed by MARK S GUNNING • Brokerage DRE #CO001154004 • West USA Realty
    P: (602)-359-7653 C: (602)-359-7653 mark@markgunning.com
  2. Listed by Crystal L Vasquez • Brokerage DRE #CO001154004 • West USA Realty
    P: (480)-754-9311 C: (480)-754-9311 crystalvasquez@westusa.com

Property Details for 554 West Rio Salado Parkway

Subdivision Name
unknown
View YN
Yes
LISTING UPDATED: 01/23/2026 01:35 PM

Property Details for 554 West Rio Salado Parkway

StatusActive
MLS #6973576
Days on MarketListed Today
Taxes$1,066 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1947
Lot Size0.46 AC / 19,922 SF
CountyMaricopa County

Location

Listing Courtesy of West USA Realty
Add your commute

Building Information for 554 West Rio Salado Parkway

Stories1Year Built1947Building Size-Lot Size0.46 AC / 19,922 SF

Payment Calculator

$2,989 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,900

Property Taxes

$89

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 554 West Rio Salado Parkway

Summary
Location and General Information
  • Unparsed Address: 554 W RIO SALADO Parkway, Mesa, AZ 85201
  • City: Mesa
  • Coordinates: -111.843721, 33.430092
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Rio Salado and Country Club
  • Directions: 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.
  • Latitude: 33.430092
  • Longitude: -111.843721
  • Postal City: Mesa
  • Postal Code: 85201
  • Postal Code Plus4: 4008
  • State Or Province: AZ
  • Street Suffix: Parkway
  • Year Built: 1,947
Taxes and HOA
  • Association Fee Includes: No Fees
  • Association YN: No
  • Tax Annual Amount: $1,066.00
  • Tax Book Number: 135.00
  • Tax Legal Description: S 330' OF E 66' OF W 132' SW4 SE4 NE4 EX S 36' RD .50 AC
  • Tax Lot: unk
  • Tax Map Number: 16.00
  • Tax Year: 2,025
Parking
  • Carport Spaces: 2
  • Carport YN: Yes
  • Covered Spaces: 2
  • Garage Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
School Information
  • Elementary School: Emerson Elementary School
  • Elementary School District: Mesa Unified District
  • High School: Westwood High School
  • High School District: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School
Property
Lot Information
  • Building Area Total: 1,342
  • Building Area Units: Square Feet
  • Living Area: 1342.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Lot Features: Dirt Front, Dirt Back
  • Lot Size Acres: 0.46
  • Lot Size Area: 19922.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 19922.0
  • Lot Size Units: Square Feet
Property and Assessments
  • Builder Name: unknown
  • Building Area Source: Assessor
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 13516041
  • Property Attached YN: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Public Survey Range: 5E
  • Public Survey Section: 16
  • Public Survey Township: 1N
Utilities
  • Electric: 220 Volts in Kitchen
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Water
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Painted
  • Fencing: Chain Link
  • Horse YN: No
  • Pool Private YN: No
  • Roof: Composition
  • Stories Total: 1
Interior Features
  • Bathrooms Total Decimal: 1.0
  • Bathrooms Total Integer: 1
  • Bedrooms Possible: 2
  • Bedrooms Total: 2
  • Cooling: Central Air
  • Cooling YN: Yes
  • Fireplace YN: No
  • Heating: Electric
  • Heating YN: Yes
  • Interior Features: 3/4 Bath Master Bdrm
  • Laundry Features: Other
  • Spa Features: None
Room Information
Room Information
  • Rooms Total: 0
Rental
Rent Information
  • Land Lease YN: No

Property History for 554 West Rio Salado Parkway

DateEvent & SourcePriceAppreciation
Jan 23, 2026

Listed (Active)

ARMLS #6973576

$595,000—
Jan 21, 2026

Listed (Active)

ARMLS #6971960

$495,000—
Dec 18, 2024

Sold

ARMLS #6708280

$280,000—
Dec 13, 2024

Sold (Public Record)

Public Record #1547140698

$280,000

+6.1% / yr

Nov 19, 2024

Pending

ARMLS #6708280

—
May 20, 2024

Listed (Active)

ARMLS #6708280

$374,900—
Mar 26, 2021

Sold (Public Record)

Public Record #1455919301

$225,000

+4.0% / yr

Nov 25, 2003

Sold (Public Record)

Public Record #124541547

$114,000—
DateEvent & SourcePrice
01/23/2026

Listed (Active)

ARMLS #6973576

$595,000
01/21/2026

Listed (Active)

ARMLS #6971960

$495,000
12/18/2024

Sold

ARMLS #6708280

$280,000
12/13/2024

Sold (Public Record)

Public Record #1547140698

$280,000

+6.1% / yr

11/19/2024

Pending

ARMLS #6708280

—
05/20/2024

Listed (Active)

ARMLS #6708280

$374,900
03/26/2021

Sold (Public Record)

Public Record #1455919301

$225,000

+4.0% / yr

11/25/2003

Sold (Public Record)

Public Record #124541547

$114,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 554 West Rio Salado Parkway

Taxable ValueLand-Additions-Total-
Tax Record2025$1,066 ($89 / month)
Home Facts
Beds0Total Finished SqFt1,342 SqFtAbove Grade Finished SqFt1,342 SqFtStories1Lot Size19,922 SqFtStyleSingle Family ResidenceYear Built1947ZoningM-HCountyMARICOPAAPN135-16-041

Schools near 554 West Rio Salado Parkway

This home is within Mesa Unified School District.
Rating
School
Type
Grades
Distance
Franklin Accelerated Academy- Downtown Campus
Public - PK to 6
Franklin Elementary School
Public - PK to 6
Franklin at Brimhall Elementary School
Public - PK to 6
Emerson Elementary School
Public - PK to 6
Rating
School
Distance
Franklin Accelerated Academy- Downtown Campus
PublicPK to 6

Franklin Elementary School
PublicPK to 6

Franklin at Brimhall Elementary School
PublicPK to 6

Emerson Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 554 West Rio Salado Parkway, Mesa, AZ 85201

554 West Rio Salado Parkway is a single family home for sale in Mesa, AZ 85201. This property was listed for sale on January 23, 2026 by West USA Realty, it's currently listed at $595,000. It has been on the market for a total of 0 days and was last sold on December 18, 2024. This listing's school district is Mesa Unified School District. Nearby schools include Franklin Accelerated Academy- Downtown Campus, Franklin Elementary School and Franklin at Brimhall Elementary School. 554 West Rio Salado Parkway is a 2-bed, 1-bath, 1,342 sqft single family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West USA Realty

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.