124 W 1ST Street, Mesa, AZ 85201 (MLS# 6990569)

124 W 1ST Street, Mesa, AZ 85201

New Listing

$1,300,000

Property Type: Comm/Industry Sale Square Footage: 2,805 Lot Size (sq. ft.): 38,134 Status: Active

Current Price: $1,300,000 List Date: 2/27/2026 Last Modified: 2/27/2026

Description

This is NOT a typical Downtown Mesa property. Set on nearly an acre in the Historic District, 124 W 1st Street is a rare multi-home compound that blends historic character, flexible use, and creative potential in a way that is nearly impossible to replicate. Originally built in 1912, the property features three detached residential homes totaling 2,805 square feet with 4 bedrooms, 3 bathrooms, and a loft, creating a unique live/work or multi-use environment unlike anything else currently on the market. With DB-1 and DR-2 zoning, Opportunity Zone designation, and an expansive 38,134 sq ft lot, the property offers flexibility for buyers with vision while preserving the authenticity and charm that define Downtown Mesa. Properties with this combination of location, flexibility, and

Supplements: character rarely come to market, and when they do, they tend to attract buyers who recognize the opportunity quickly. Rather than fitting into a single category, this is a space for vision, creativity, and possibility, set in one of Downtown Mesa's most dynamic locations. For buyers looking for something that stands apart from the ordinary, 124 W 1st Street offers a rare chance to shape something truly their own. The 3 separate buildings are configured as follows: 1 Bedroom / 1 Bath 575 sf, 2 Bedroom / 1 Bath 927 sf, 1 Bedroom / 1 Bath / with Loft 1303 sf. | Property has a well with 1 -3000 gallon storage tank. The Property also has a split form code overlay, the first approximately 175-180' of frontage is zoned T4-NF(T4 Neighborhood Flex) Building code form and the remaining portion has a T3-NF(T3 Neighborhood Flex) Building code form.

More Information MLS# 6990569

Contract Info

Ownership: Fee Simple Current Price: $1,300,000 List Price: $1,300,000 Status: Active List Date: 2026-02-27

Location, Tax & Legal

Assessor's Map #: 34 Legal Description (Abbrev): W 50F OF N 15F OF S 180F OF LT 2 BLK 4 OF MESA CITY DESC AS PRCL 1 P/F 11-1029575 TOG WI TH PT OF LT Assessor's Parcel #: 7 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Mesa Census Tract: 421400 Taxes: 3800 Legal: W 50F OF N 15F OF S 180F OF LT 2 BLK 4 OF MESA CITY DESC AS PRCL 1 P/F 11-1029575 TOG WI TH PT OF LT Marketing Name: Multi-Home Compound House Number: 124 Compass: W Street Name: 1ST St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 6603 County Code: Maricopa Subdivision: MESA CITY ARIZONA Assessor Number: 138-34-007-A Tax Year: 2025

General Property Description

Ttl Apx SqFt Bldg: 2805 # of Buildings: 3 Uncvrd Parking Spcs: 6 Flood Zone: No Year Built: 1912 Zoning: DB-1, DB-2

Currently Not Used

Sold Price Per SqFt: 463.46

Legal Info

Range: 5E Section: 22 Township: 1N Lot Number: 2

Construction

Block: 1 Brick: 1 Stucco: 1

Roofing

Composition: 1

Floors

Laminate: 1 Wood: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Other (See Remarks): 1

Business Type

Other: 1

Pmt & Rate Info

Equity: 1300000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Other: 1

Ceiling Height

8 Feet or Less: 1

Heating

Electric: 1 Natural Gas: 1 2 or More Units: 1

Cooling

Central Air: 1 Ceiling Fan(s): 1

Interior Features

Finished: 1 Smoke Detector(s): 1

Loading Facilities

None: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1

Road Access Type

City Street: 1

Exterior

Landscaping: 1 Sidewalk(s): 1

Source of Fincl Data

Unknown: 1

Road Responsibility

City Maintained Road: 1

Traffic Count

Unknown: 1

Fencing

Other: 1 See Remarks: 1

Water Source

City Franchise: 1 Shared Well: 1

Freeway/Highway

2.1 - 5 Miles: 1

Building Features

Patio/Deck: 1 Accessible Entrance: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Features

Other: 1

Electric

City Electric: 1

Gas

City Gas: 1

New Financing

Other (See Remarks): 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Remarks Misc

Cross Street: Country Club and 1st Street Directions: East on First Street from Country Club to home on North Side of the Road. Geo Lat: 33.417795 Geo Lon: -111.835106

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Other Construction: Block; Stucco; Brick Roofing: Composition Floors: Laminate; Wood Ceiling Height: 8 Feet or Less Heating: Natural Gas; 2 or More Units Cooling: Central Air; Ceiling Fan(s) Loading Facilities: None Interior Features: Finished; Smoke Detector(s) Exterior: Landscaping; Sidewalk(s) Fencing: Other; See Remarks Building Features: Patio/Deck; Accessible Entrance Appliances Included: Dishwasher; Disposal; Microwave; Refrigerator Parking Features: Other Road Access Type: City Street Road Responsibility: City Maintained Road Electric: City Electric Gas: City Gas Water Source: City Franchise; Shared Well Sewer: Sewer - Public; Sewer-In & Connected New Financing: Other (See Remarks) Lockbox Type: Other Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Traffic Count: Unknown Environmental: None

Listing Office: Keller Williams Integrity First

Last Updated: February - 27 - 2026