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Sold on 11/26/2025
  • View/Area
  • Other
  • Kitchen
  • Bedroom
  • Bath

501 E 8th Ave, Mesa, AZ 85204

  • $520,000

    Last sold 11/26/2025 after 57 Days

  • 6

    bed

  • 3

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 501 E 8th Ave

Property type Multi-family
Neighborhood
Year built 1981
HOA fee $0/month
Property description
Exceptional investment opportunity! Three on 8th is an updated triplex in the heart of Mesa, offering convenient access to the freeway, light rail, Mesa Community College, a plethora of parks and the city's vibrant downtown district. The property features three renovated two-bedroom units, each with off-street parking, private backyards, shared laundry and an additional shared side yard. Improvements include a roof and HVAC systems. The property offers stable occupancy, no HOA fees, and low maintenance, making it ideal for investors seeking strong cash flow and long-term value. Close to education, shopping, and dining, this 3-unit property combines immediate income with significant rental growth potential in one of Mesa's most desirable markets.
Listed by
Listing Agent - David Arustamian
Listing Office - Russ Lyon Sotheby's International Realty
Source: ARMLS mls logo
MLS#6926782 • last updated 7 months ago
Movoto checked ARMLS for data 9 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 6926782
Type Multiple Dwellings
Status Closed
Property Tax 1001
Year Built 1981
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Millets Green Acres
Community Features Other
Elementary School Holmes Elementary School
Elementary School District Mesa Unified District
Middle School Franklin Junior High School
High School District Mesa Unified District
High School Mesa High School
APN 139-30-011-C
Zoning MH
Directions (North) On Mesa Drive, (East) On 8th Ave To Property On The (Right).
Multifamily Details
Total # of Units 3
Expense: Operating 2001
Financial Data Source Owner
Expense: Insurance 1000
Gross Income 40440
Gross Scheduled Income 40440
We are not permitted to show value estimates for this property.
  • Nov 2025
    mls logo MLS # 6926782
  • Nov 26, 2025 Sold
    $520,000
  • Oct 27, 2025 Active
    —
  • Oct 18, 2025 Price Change
    $525,000 (-4.5%)
  • Sep 30, 2025 Listed
    $550,000
  • Nov 2025
    Public Records
  • Nov 25, 2025 Sold
    $520,000 (-1.0%)
  • Mar 2023
    mls logo MLS # 6500228
  • Mar 1, 2023 Sold
    $550,000 (+8.9%)
  • Jan 24, 2023 Pending
    —
  • Dec 20, 2022 Listed
    $550,000 (-8.3%)
  • Feb 2023
    Public Records
  • Feb 16, 2023 Sold
    $505,000 (-8.2%)
  • Oct 2022
    mls logo MLS # 6405515
  • Oct 28, 2022 Price Change
    $599,800
  • Jun 15, 2022 Price Change
    $599,900
  • May 25, 2022 Listed
    $600,000 (+400.0%)
  • Sep 2013
    Public Records
  • Sep 3, 2013 Sold
    $120,000
  • 501 E 8th Ave
    $520K
  • East Mesa
    $499K
  • 85204
    $420K +2% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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1/10
Holmes Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 501 E 8th Ave
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