$699,000
$30K PRICE DROP

508 S Olive Mesa, AZ 85204

Temple Neighborhood

Estimated payment $3,977/month

Total Views 1,626
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

4-plex near light rail and upgraded Temple District. Easy to rent. Currently under professional property management, renters have been there for the last 6+ years. Rents are below market value. No HOA. Paved parking lot. Property could work for an owner-occupant.

Listing Agent

Laurel Driggs

eXp Realty License #SA636406000 Listed on: 06/11/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,394

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 139-23-076-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are irregular

Building Details

  • Operating Expense $14,174
  • Gross Income $43,200
  • Net Operating Income $31,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,394

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: 04-02
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2024
  • Directions: Go East on Broadway, then South on Olive. Property on West side of street
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 3456.0
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1332.0
  • Annual Water Sewer Expense: 3108.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 139-23-076-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 43200.0
  • Insurance Expense: 3924.0
  • Property Net Operating Income: 31420.0
  • Annual Operating Expense: 14174.0

Tax Info

  • Tax Annual Amount: 1394.0
  • Tax Book Number: 139.00
  • Tax Lot: 17

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,394 $14,204 -- --
2024 $1,406 $13,528 -- --
2023 $1,406 $49,180 $9,830 $39,350
2022 $1,377 $33,930 $6,780 $27,150
2021 $1,393 $26,730 $5,340 $21,390
2020 $1,375 $23,980 $4,790 $19,190
2019 $1,285 $19,430 $3,880 $15,550
2018 $1,233 $17,770 $3,550 $14,220
2017 $1,196 $15,680 $3,130 $12,550
2016 $1,174 $14,760 $2,950 $11,810
2015 $1,104 $12,750 $2,550 $10,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $699,000 0.0% --
06/20/2025 06/20/25 For Sale $699,000 -4.1% --
06/14/2025 06/14/25 Off Market $729,000 -- --
06/11/2025 06/11/25 For Sale $729,000 +97.0% --
09/30/2019 09/30/19 Sold $370,000 -3.9% $122 / Sq Ft
08/23/2019 08/23/19 For Sale $385,000 -- $127 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $370,000 Clear Title Agency Of Az
Interfamily Deed Transfer -- Grand Canyon Title Agency
Warranty Deed $81,200 Stewart Title & Trust Of Pho
Interfamily Deed Transfer -- Fidelity National Title
Warranty Deed $205,000 First American Title Ins Co
Warranty Deed $173,000 Security Title Agency
Warranty Deed $163,000 Security Title Agency
Warranty Deed $95,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Previous Owner $204,000 Future Advance Clause Open End Mortgage
Previous Owner $200,000 New Conventional
Previous Owner $60,900 New Conventional
Previous Owner $235,000 Unknown
Previous Owner $201,250 Purchase Money Mortgage
Previous Owner $174,250 New Conventional
Previous Owner $155,700 New Conventional
Previous Owner $114,100 New Conventional
Previous Owner $94,632 FHA
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6880361

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-23-076B

Arizona Maricopa County Mesa 85204 Temple

508 S Olive, Mesa, AZ

This home is located at 508 S Olive, Mesa, AZ 85204 and is currently priced at $699,000. This property was built in 1980. 508 S Olive is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Nearby Homes
Laurel Driggs
Listing Agent
Laurel Driggs
Section Image
eXp Realty
(480) 440-5948