Back 501 East 8th Avenue
Off Market

501 East 8th Avenue

Mesa AZ 85204

3
Multi-Family
Last sold for $520,000
David ArustamianDavid Arustamian, last sold this property on 04 December 2025 after 61 days on market.

Overview

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.

Features

3 carspaces
3 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Mesa over the last 12 months, the estimated median property value of 501 East 8th Avenue is $534k.

Median value
$534k
Estimated value range
$330k - $1.26m
Median days on market
70
Estimated value trend
-23%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Mesa. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 501 East 8th Avenue

2025
Sold
$520,000
04 Dec 2025 by David Arustamian, of Russ Lyon Sotheby's International Realty
2023
Sold
$505,000
16 Feb 2023 by Heather Cates, of HC Realty

Happy sellers in Mesa

90%
90% of sellers in Mesa reported that their sale price either exceeded or met their price expectations.

Mesa stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Mesa over the last 12 months.

Local market activity for multi families in Mesa

In the last 12 months, 17 multi families similar to 501 East 8th Avenue, have been sold.

This represents a 100% decrease in multi families sales when compared to the previous 12 months.

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