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Sold for $760,000
  • $760,000

    816 N REVERE --, Mesa, AZ 85201

    9beds
    8baths
    3,810sqft
    Multi Family
    Built in 1984
    -- sqft lot
    $761,200 Zestimate®
    $199/sqft
    $1,337 Estimated rent

    Home value

    $761,200

    $723,000 - $799,000

    $1,337/mo

    Zestimate® history
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    What's special

    Spacious functional floor plansFresh paintEnhanced landscapingNew lvp flooring
    Fully lease, stabilized and profesionally manged fourplex at 816 N Revere delivering immediate cash flow with strong, in place income. Current gross rents of $5,500 are supported by long term tenants and sustainable market rents, making this a turnkey investment with both stability and upside potential. The property offers a highly desirable unit mix featuring one 3 bedroom 2 bathroom unit with a 1 car garage and three 2 bedroom 2 bathroom units. All units include in unit washer and dryer and offer spacious, functional floor plans that enhance tenant retention and overall rental appeal. Recent upgrades have already been completed, including new LVP flooring, updated kitchens with quartz countertops, along with exterior improvements such as fresh paint and enhanced landscaping. This provide a clean, modern asset with minimal immediate capital expenditures. Centrally located in the heart of Mesa with quick access to Loop 202 and Loop 101, and just minutes from Tempe and Mesa Riverview, the property benefits from strong rental demand and excellent accessibility. Turnkey, fully leased, and built for performance, this is a rare opportunity to acquire a well maintained fourplex with proven income, quality tenants, and long term investment strength.

    Zillow last checked:

    Listing updated:

    Listed by:

    Erick F Garcia Cervantes 480-228-0792,

    Lotus Real Estate

    Bought with:

    David Arustamian, BR662152000

    Russ Lyon Sotheby's International Realty

    Source: ARMLS,MLS#: 7002414MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    Heating
    • Individual, Heat Pump
    Cooling
    • Central Air, Individual
    Appliances
    • Included: Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
    • Laundry: W/D Hookup
    Features
    • Flooring: Tile, Laminate, Vinyl
    Interior area
    • Total structure area: 3,810
    • Total interior livable area: 3,810 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Attached, Attached Carport, 1 Space/Unit, On Street
    • Has attached garage: Yes
    • Has carport: Yes
    • Covered spaces: 5
    • Uncovered spaces: 2
    Lot
    • Dimensions: 90 ft × 108 ft
    Details
    • Parcel number: 13517314
    • Zoning: M-H

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other, Stucco
    • Roof: Other,Tile
    Condition
    • Year built: 1984

    Utilities & green energy

    • Electric: SRP, Individual Meter
    • Sewer: Public Sewer
    • Water: Master Meter, City Franchise

    Community & HOA

    Community
    • Features: Other
    • Subdivision: HERITAGE ESTATES UNIT 2
    Location
    • Region: Mesa

    Financial & listing details

    • Price per square foot: $199/sqft
    • Tax assessed value: $775,200
    • Annual tax amount: $2,463
    • Date on market: 3/22/2026
    • Cumulative days on market: 101 days
    • Listing terms: Conventional,1031 Exchange,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/30/2026Sold$760,000-5%$199/sqft
    Source: ARMLS #7002414 Report a problem
    5/13/2026Price change$799,900-5.9%$210/sqft
    Source: ARMLS #7002414 Report a problem
    3/22/2026Listed for sale$850,000+109.4%$223/sqft
    Source: ARMLS #7002414 Report a problem
    4/7/2017Sold$406,000+161.9%$107/sqft
    Source: ARMLS #5591342 Report a problem
    2/8/2010Sold$155,000-68.4%$41/sqft
    Source: Public Record Report a problem
    5/8/2006Sold$490,000+33.9%$129/sqft
    Source: Public Record Report a problem
    12/16/2004Sold$366,000+53.8%$96/sqft
    Source: Public Record Report a problem
    5/25/2001Sold$238,000$62/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,451 +0.5%$77,520 +4.3%
    2024$2,439 -0.8%$74,350 +228.3%
    2023$2,459 +1.6%$22,645 -56.1%
    2022$2,420 +0.1%$51,560 +9.8%
    2021$2,417 +7%$46,960 +6.7%
    2020$2,258 +4.2%$44,020 +19.6%
    2019$2,168 $36,820 +11.7%
    2018$2,168 +3.1%$32,970 +61.2%
    2017$2,103 +8.4%$20,450 +4.2%
    2016$1,940 +0.3%$19,630 +11.5%
    2015$1,934 $17,600 +5.9%
    2014-- $16,620 +25.2%
    2013-- $13,270 -1.5%
    2012-- $13,470 -24.9%
    2011-- $17,930 -18.9%
    2010-- $22,110 -32.3%
    2009-- $32,670 -4.6%
    2008-- $34,250 +18.1%
    2007-- $29,000 +43.2%
    2006-- $20,250
    2005-- $20,250 +9.2%
    2004-- $18,550
    2003-- $18,550 +20.5%
    2002-- $15,400
    Find assessor info on the county website

    Neighborhood: 85201

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Emerson Elementary School
    • Middle: Carson Junior High School
    • High: Westwood 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
    $761,200
    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
    $761,200