Back 508 S Olive
Off Market

508 S Olive

Mesa AZ 85204

6
Multi-Family
Last sold for $675,000
Laurel DriggsLaurel Driggs, last sold this property on 05 November 2025 after 138 days on market.

Overview

NEW ROOF! Completed 9/2025! 4-plex near light rail and upgraded Temple District. Long term tenants and easy to rent. Currently under professional property management, renters have been there for the last 6+ years, all units occupied. Rents are below market value. No HOA. Paved parking lot. Property could work for an owner-occupant.

Features

6 carspaces
6 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 508 S Olive is $533k.

Median value
$533k
Estimated value range
$330k - $2m
Median days on market
67
Estimated value trend
-24%
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 508 S Olive

2025
Sold
$675,000
05 Nov 2025 by Laurel Driggs
2019
Sold
$370,000
30 Sep 2019 by Kathryn Jones, of Evolve Realty, LLC

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, 15 multi families similar to 508 S Olive, have been sold.

This represents a 25% decrease in multi families sales when compared to the previous 12 months.

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