501 E 8th Ave Mesa, AZ 85204
Woodbridge Crossing NeighborhoodEstimated payment $2,991/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
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.
Listing Agent
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,001 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/04/2025 10/04/25 | For Sale | $550,000 | +8.9% | -- | |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $505,000 | Empire Title Services | |
| Warranty Deed | $120,000 | First American Title Insuran |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $90,000 | New Conventional |
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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