Investor's Dream — or Extreme Makeover Project?Step into the Melrose District and meet a 1940 character home with headline-making history and an enormous lot you won't forget. This place has the charm, the trees, and the kind of yard developers and DIY lovers dream about.Out back: a detached 1-car garage and a massive backyard begging for new ideas — think legal ADU, guest suite, studio, or a short-term rental to help offset renovation costs. With this much space, you can renovate the main house and add real income-producing potential.This isn't turnkey, it's opportunity. Structural and system updates required, but the upside is huge for an investor, creative renovator, or owner who wants to build a compound. Sold AS-IS.Come imagine the possibilities This home might need a total rebuild, but hey, that just means you can really make it your own! The good news? A brand-new AC unit and roof! The even better news? With all this land, there's space to build an Accessory Dwelling Unit (ADU) think guest house, rental income, or a spot for your in-laws (so they can visit but not too close).And did we mention? No nosy backyard neighbors it backs up to the Grand Canal, so the only ones watching you are the ducks.This house just needs a little love. Are you ready for the challenge? Come check it out
Listed by:
The Brokery
Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Dec 2, 2025 | 3 days ago | Price decreased30,000 (5%) | $555,000 |
| Oct 17, 2025 | 2 mos ago | Price decreased30,000 (5%) | $585,000 |
| Sep 28, 2025 | 2 mos ago | Price decreased14,000 (2%) | $615,000 |
| Sep 2, 2025 | 3 mos ago | Price decreased33,500 (5%) | $629,000 |
| Jun 24, 2025 | 5 mos ago | Price decreased16,500 (2%) | $662,500 |
| Apr 21, 2025 | 8 mos ago | New on market | $679,000 |