#6863324, Soroosh Ghafaripanah, Thomas Espinosa, Listing office: AZ Dream Homes
$699,000 List price
508 S Olive Mesa, AZ 85204
House
Property details
About 508 S Olive
4-plex near light rail and upgraded Temple District. Easy to rent. Currently under professional property management, renters have been there for the last 6+ years. Rents are below market value. No HOA. Paved parking lot. Property could work for an owner-occupant.
Highlights
Home typeOther
HeatingHeat Pump
StatusActive
CoolingHeat Pump
Year built1980
ParkingPaved, >1 Space Per Unit
MLS #6880361
Summary
- Flooring Type: Ceramic Tile
- Parking: Paved, >1 Space Per Unit
- Heating: Heat Pump
- Cooling: Heat Pump
- List Price: $699,000
- Annual Tax Amount: $1,405
- Tax Year: 2024
- Directions: Go East on Broadway, then South on Olive. Property on West side of street
- Year Built: 1980
- MLS Number: 6880361
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: eXp Realty
- Office Phone: (480) 722-9800
- Office Email: AZ.broker@exprealty.net
- Listing Agent: Laurel Driggs
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 12:55:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 08, 2019 | Home Sold | $370,000 |
| Apr 05, 2011 | Home Sold | $81,200 |
| Jan 16, 2003 | Home Sold | $205,000 |
| Aug 14, 2000 | Home Sold | $173,000 |
| Sep 22, 1999 | Home Sold | $163,000 |
| Nov 21, 1995 | Home Sold | $95,000 |
| Jan 08, 1990 | Home Sold | $97,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $57,170 | $1,405 |
| 2023 | $49,180 | $1,376 |
| 2022 | $33,930 | $1,393 |
| 2020 | $23,980 | $1,375 |
| 2019 | $19,430 | $1,233 |
| 2017 | $15,680 | $1,196 |
History based on county public records data.
Nearby schools
3
Lowell Elementary School
Public District KG-6
0.5 mi
•920 E Broadway Rd
1
Holmes Elementary School
Public District PK-6
0.5 mi
•948 S Horne
6
Franklin West Elementary School
Public District PK-6
0.7 mi
•236 S Sirrine
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,538. Most Mesa, AZ residents have annual incomes less than $<35k. The majority of families are married, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
48%
<35k
45%
35k-100k
5%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
22%
Single, No Kids
22%
Single, with Kids
13%
Married, No Kids
43%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
28%
<11 yrs old
11%
12-17 yrs old
30%
18-34 yrs old
27%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 508 S Olive
The listing price of 508 S Olive property is $699,000.
The property 508 S Olive is a house located in Mesa, Arizona, 85204.
Active Listing: 508 S Olive is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 508 S Olive are: Lowell Elementary School (GreatSchools Rating 3/10), Holmes Elementary School (GreatSchools Rating 1/10), Franklin West Elementary School (GreatSchools Rating 6/10), Mesa Arts Academy (GreatSchools Rating 7/10), Eagle College Preparatory School- Mesa (GreatSchools Rating 6/10), Kino Junior High School (GreatSchools Rating 2/10), Heritage Academy (GreatSchools Rating 8/10), Sequoia Secondary School (GreatSchools Rating 4/10), Sequoia Choice School Arizona Distance Learning School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,405 (source: MLS/based on county public records data).
The last sale was on October 8, 2019 for $370,000 (source: MLS/tax record).
The property at 508 S Olive has 0 bathroom.
The year of construction for 508 S Olive is 1980.
This home is located at 508 S Olive in Mesa, AZ and zip code 85204 in the Watertower neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 14, 2025 and is currently priced at $699,000.
Mesa, AZ housing market in June 2025 saw over 66 listings sold above listed price, more than 133 sold at listed price and over 251 sold below. The inventory of homes for sale in Mesa, AZ between May and June 2025 decreased by 1.7%. While the average time on the market in June 2025 was 66 days, the median list price was $450,313.
From Rocket Homes Real Estate and based on county public records data.