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Sold on 10/31/2025
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508 S Olive --, Mesa, AZ 85204

$675,000

Last sold 10/31/2025 after 142 Days

  • 10

    bed

  • 4

    bath

Multi-family not for sale
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About 508 S Olive --

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Property description
NEW ROOF! Completed 9/2025! 4-plex near light rail and upgraded Temple District. Long term tenants and easy to rent. Currently under professional property management, renters have been there for the last 6+ years, all units occupied. Rents are below market value. No HOA. Paved parking lot. Property could work for an owner-occupant.
Listed by
Listing Agent - Laurel Driggs
Listing Office - eXp Realty
Source: ARMLS mls logo
MLS#6880361 • last updated 11 months ago
Movoto checked ARMLS for data 11 minutes ago
Overview
Cooling/AC Heat Pump
Heating Heat Pump
MLS # 6880361
Type Multiple Dwellings
Status Closed
Property Tax 1394
Year Built 1980
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 6
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 139-23-076-B
Zoning 04-02
Directions Go East On Broadway, Then South On Olive. Property On West Side Of Street
Multifamily Details
Total # of Units 4
Expense: Operating 14174
Financial Data Source Owner, Projected Proforma
Expense: Insurance 3924
Net Operating Income 31420
Gross Income 43200
Expense: Trash 1332
Expense: Professional Management 3456
Expense: Water/Sewer 3108
Gross Scheduled Income 43200
Expense: Gardener 960
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Nov 2025
    Public Records
  • Nov 5, 2025 Sold
    $675,000
  • Oct 2025
    mls logo MLS # 6880361
  • Oct 31, 2025 Sold
    $675,000 (-3.4%)
  • Oct 7, 2025 Pending
    —
  • Jun 20, 2025 Price Change
    $699,000 (-4.1%)
  • Jun 11, 2025 Listed
    $729,000 (+97.0%)
  • Oct 2019
    Public Records
  • Oct 8, 2019 Sold
    $370,000
  • Oct 2019
    mls logo MLS # 5969325
  • Oct 1, 2019 Sold
    $370,000 (-3.9%)
  • Aug 23, 2019 Listed
    $385,000 (+374.1%)
  • Apr 2011
    mls logo MLS # 4511503
  • Apr 9, 2011 Sold
    $81,200
  • Dec 17, 2010 Listed
    $80,000 (-61.0%)
  • Apr 2011
    Public Records
  • Apr 5, 2011 Sold
    $81,200 (+1.5%)
  • Jan 2003
    Public Records
  • Jan 16, 2003 Sold
    $205,000
  • Year Property taxes Tax assessment
  • 2024
    $1,394 -0.8%
    $59,730
  • 2023
    $1,406 +2.1%
    $59,730 +21.45%
  • 2022
    $1,377 -1.2%
    $49,180 +44.95%
  • 2021
    $1,393 +1.3%
    $33,930 +26.94%
  • 2020
    $1,375 +7.0%
    $26,730 +11.47%
  • 2019
    $1,285 +4.2%
    $23,980 +23.42%
  • 2018
    $1,233 +3.1%
    $19,430 +9.34%
  • 2017
    $1,196 +1.9%
    $17,770 +13.33%
  • 2016
    $1,174 +6.4%
    $15,680
  • 2015
    $1,104
    —
  • 508 S Olive --
    $675K
  • Watertower
    $368K -19% y/y
  • 85204
    $400K 0% y/y
  • Mesa
    $480K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lowell 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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