8246 E UNIVERSITY Drive Mesa, AZ ^$ 1,499,890

8246 E UNIVERSITY Drive

^$ 1,499,890

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8246 E UNIVERSITY Drive

Mesa, AZ, 85207

^$ 1,499,890

Studio Baths0.0

Monthly Estimate*

^$ 9,357

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Studio

Multi-Family Home for sale in Mesa, AZ

for $1,499,890. This home was built in 2023.

AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex qualifies for an FHA loan, and is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, ramada/tot lot area, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.5m!

Multi-Family Active

Price

^$ 1,499,890

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Multiple Dwellings

Year Built

2023

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6871664

Features

General

Sewer Public Sewer

Heating Electric

Cooling Ceiling Fan(s) Electric

Roof Tile

Zoning Residental

Construction Materials Wood Frame Painted Stucco

Year Built 2023

Electric SRP

Township 1N

Tax Year 2022

Ownership Other (See Remarks) Other (See Remarks)

Gross Income 5760.0

Community Features Other

County Maricopa

Net Operating Income 103920.0

Operating Expense 0.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name Project 4

Garage Y/N Y

Status Active

City Mesa

Disclosures None

High School District Mesa Unified District

Open Parking Spaces 0.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Elementary School District Mesa Unified District

Tax Lot 5

Cap Rate 6.93

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Other

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features On Street

Water Source City Franchise

Total Parking 4.0

Number of Buildings 1

Spa N

Lot Dimensions 6000

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 8246

* Excluded Features

List By

Balboa Realty, Llc

Broker

denver@balboarealtyaz.com

Affordability Calculator

$9,357

Per Month

Monthly Principal & Interest: $9,357
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Mesa, AZ

Average List Price ^$813,200

Percent of Sale Price 46%

About Mesa, AZ

497,111 Population

24% Since 2002

^$51,369 Median Income

36.48 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327115 Elementary School

4327715 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/18/2025	$1,499,890	-0.01%	Price Down
5/27/2025	$1,499,990		Listed Price

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8246 E UNIVERSITY Drive, Mesa, AZ, 85207 is a Multi-Family Home for sale at $1,499,890. 8246 E UNIVERSITY Drive is a studio with 0.0 baths and was built in 2023. The property's zip code is 85207 which is in Mesa, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

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8246 E UNIVERSITY Drive

Multi-Family Home for sale in Mesa, AZ

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