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.
Sold for $520,000
$520,000
501 E 8th Avenue, Mesa, AZ 85204
6beds
1baths
1,800sqft
Multi Family
Built in 1981
-- sqft lot
$518,100 Zestimate®
$289/sqft
$1,597 Estimated rent
Home value
$518,100
$471,000 - $565,000
$1,597/mo
Zestimate® history
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$3,006/mo
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List your homeWhat's special
Updated triplexOff-street parkingPrivate backyardsShared side yardShared laundry
Zillow last checked:
Listing updated:
Listed by:
David Arustamian 480-209-2615,
Russ Lyon Sotheby's International Realty
Bought with:
Beris L. Godinez, SA647416000
Realty ONE Group
Source: ARMLS,MLS#: 6926782
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 1
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Free-Standing Range
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 3
- Parking features: Paved, Free, >1 Space Per Unit
- Uncovered spaces: 3
Lot
- Size: 8,745 Square Feet
- Dimensions: 68.02 x 128.57 x 68.02 x 128.57
Details
- Parcel number: 13930011C
- Zoning: MH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Composition
Condition
- Year built: 1981
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: Other
- Subdivision: Millets Green Acres
Location
- Region: Mesa
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $403,000
- Annual tax amount: $1,001
- Date on market: 10/3/2025
- Cumulative days on market: 53 days
- Listing terms: Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Sold | $520,000-1%$289/sqft |
Source:  ARMLS #6926782 Report a problem | ||
| 10/18/2025 | Price change | $525,000-4.5%$292/sqft |
Source: ARMLS #6926782 Report a problem | ||
| 10/4/2025 | Listed for sale | $550,000-8.3%$306/sqft |
Source: ARMLS #6926782 Report a problem | ||
| 10/30/2024 | Listing removed | $1,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/28/2024 | Listed for rent | $1,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/23/2024 | Listing removed | $1,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2024 | Listed for rent | $1,275$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/2/2024 | Listing removed | $599,800+18.8%$333/sqft |
Source: ARMLS #6405515 Report a problem | ||
| 2/16/2023 | Sold | $505,000-8.2%$281/sqft |
Source: ARMLS #6500228 Report a problem | ||
| 1/24/2023 | Pending sale | $550,000$306/sqft |
Source: ARMLS #6500228 Report a problem | ||
| 12/20/2022 | Listed for sale | $550,000-8.3%$306/sqft |
Source: ARMLS #6500228 Report a problem | ||
| 12/1/2022 | Listing removed | $599,800$333/sqft |
Source: ARMLS #6405515 Report a problem | ||
| 10/28/2022 | Price change | $599,8000%$333/sqft |
Source: ARMLS #6405515 Report a problem | ||
| 6/15/2022 | Price change | $599,9000%$333/sqft |
Source: ARMLS #6405515 Report a problem | ||
| 5/25/2022 | Listed for sale | $600,000+400%$333/sqft |
Source: ARMLS #6405515 Report a problem | ||
| 9/3/2013 | Sold | $120,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,001 +0.5% | $40,300 +3.5% |
| 2024 | $996 -0.8% | $38,930 +320.9% |
| 2023 | $1,004 +1.6% | $9,249 -61.9% |
| 2022 | $988 +0.1% | $24,300 +18.8% |
| 2021 | $987 +7% | $20,450 +9.5% |
| 2020 | $922 +4.2% | $18,680 +29% |
| 2019 | $885 | $14,480 +10.8% |
| 2018 | $885 +3.1% | $13,070 +13.6% |
| 2017 | $859 +8.4% | $11,510 +4.6% |
| 2016 | $792 0% | $11,000 +16.6% |
| 2015 | $793 | $9,430 +37.7% |
| 2014 | -- | $6,850 +26.4% |
| 2013 | -- | $5,420 -2% |
| 2012 | -- | $5,530 -11.1% |
| 2011 | -- | $6,220 -44.3% |
| 2010 | -- | $11,160 -42.5% |
| 2009 | -- | $19,400 -8.1% |
| 2008 | -- | $21,110 +11.4% |
| 2007 | -- | $18,950 +41.9% |
| 2006 | -- | $13,350 |
| 2005 | -- | $13,350 +27.8% |
| 2004 | -- | $10,450 |
| 2003 | -- | $10,450 +22.2% |
| 2002 | -- | $8,550 |
Find assessor info on the county website
Neighborhood: 85204
Nearby homes
- $9952 bd1 ba600 sqft501 E 8th Ave #1, Mesa, AZ 85204For Rent
- $--2 bd1 ba600 sqft501 E 8th Ave #2, Mesa, AZ 85204Off Market
- $--2 bd1 ba600 sqft501 E 8th Ave #3, Mesa, AZ 85204Off Market
- $517,600-- bd-- ba2.2k sqft463 E 8th Ave, Mesa, AZ 85204Off Market
- $1,3752 bd1 ba745 sqft463 E 8th Ave #1, Mesa, AZ 85204For Rent
- $119,9008,980 Square Feet511 E 8th Ave, Mesa, AZ 85204Off Market
- $2,1503 bd2 ba1.2k sqft511 E 8th Ave UNIT 101, Mesa, AZ 85204For Rent
- $2,2503 bd2 ba1.2k sqft511 E 8th Ave UNIT 102, Mesa, AZ 85204For Rent
Nearby schools
GreatSchools rating
- 5/10Holmes Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 2/10Kino Junior High SchoolGrades: 7-8Distance: 2.2 mi
- 6/10Mesa High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Holmes Elementary School
- Middle: Franklin Junior High School
- High: Mesa High School
- District: Mesa Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$518,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$518,100
- Arizona
- Maricopa County
- Mesa
- 85204
- 501 E 8th Avenue
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