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 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.