Seller's Agent in 2025
David Arustamian
Russ Lyon Sotheby's International Realty
(480) 331-0707
1 in this area
422 Total Sales
501 E 8th Ave Mesa, AZ 85204
Woodbridge Crossing Neighborhood
--
Bed
--
Bath
1,800
Sq Ft
1981
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of November 2025Exceptional 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.
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 10/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,001
Year Built
- Built in 1981
Home Design
- Composition Roof
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
Schools
- Holmes Elementary School
- Franklin Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 139-30-011-C
Community Details
Overview
- 3 Units
- Building Dimensions are 68.02x128.57x68.02x128.57
- Millets Green Acres Subdivision
Building Details
- Operating Expense $2,001
- Gross Income $40,440
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2025
Closed on
Nov 21, 2025
Sold by
Alpha Dog Venture Group Llc
Bought by
Sanchez Justin and Cochenour Zackary R
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
Beris Godinez
Realty ONE Group
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
20
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.33%
Original Mortgage
$468,000
Outstanding Balance
$468,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$50,302
Purchase Details
Listed on
Dec 20, 2022
Closed on
Feb 16, 2023
Sold by
Showalter Lorraine D and Showalter Charles J
Bought by
Alpha Dog Venture Group Llc
Seller's Agent
Heather Cates
HC Realty
Buyer's Agent
Brickman Allen
Tradelands Realty
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
199
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Purchase Details
Closed on
Aug 26, 2013
Sold by
Brock Jan G
Bought by
Showalter Lorraine D and Showalter Charles J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $520,000 | Premier Title Agency | |
| Warranty Deed | $505,000 | Empire Title Services | |
| Warranty Deed | $120,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $468,000 | New Conventional | |
| Previous Owner | $90,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2025 11/25/25 | Sold | $520,000 | -1.0% | $289 / Sq Ft | |
| 10/18/2025 10/18/25 | Price Changed | $525,000 | -4.5% | $292 / Sq Ft | |
| 10/04/2025 10/04/25 | For Sale | $550,000 | +8.9% | $306 / Sq Ft | |
| 02/16/2023 02/16/23 | Sold | $505,000 | -8.2% | $281 / Sq Ft | View Prior Sale |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- | |
| 12/20/2022 12/20/22 | For Sale | $550,000 | -- | $306 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,006 | $10,197 | -- | -- |
| 2024 | $1,009 | $9,712 | -- | -- |
| 2023 | $1,009 | $34,100 | $6,820 | $27,280 |
| 2022 | $988 | $24,300 | $4,860 | $19,440 |
| 2021 | $1,000 | $20,450 | $4,090 | $16,360 |
| 2020 | $987 | $18,680 | $3,730 | $14,950 |
| 2019 | $922 | $14,480 | $2,890 | $11,590 |
| 2018 | $885 | $13,070 | $2,610 | $10,460 |
| 2017 | $859 | $11,510 | $2,300 | $9,210 |
| 2016 | $843 | $11,000 | $2,200 | $8,800 |
| 2015 | $792 | $9,430 | $1,880 | $7,550 |
Source: Public Records
Agents Affiliated with this Home
-
David Arustamian
-
Beris Godinez
Buyer's Agent in 2025
Beris Godinez
Realty One Group
(480) 650-4223
1 in this area
37 Total Sales
-
H
Seller's Agent in 2023
Heather Cates
HC Realty
-
Brickman Allen
Buyer's Agent in 2023
Brickman Allen
Tradelands Realty
(480) 620-8437
1 in this area
21 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6926782
APN: 139-30-011C
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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