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    8246 E University Dr Mesa, AZ 85207

    For Sale
    $1,499,890

    MULTI_FAMILY - Mesa, AZ

    Days on Market:
    20
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 8246 E University Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residental
    Rooms
    Bedroom 11, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 10, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 12, Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 9, Bathroom 4, Bathroom 7, Bedroom 7, Bathroom 8, Bedroom 2
    Bedrooms
    12
    APN
    218-09-005
    Parking features
    On Street
    Appliances
    Free-Standing Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    2023
    Number of units
    4
    Building materials
    Wood Frame, Painted, Stucco
    Roof type
    Tile

    Balboa Realty (602) 432-2028 [email protected]

    Listing agent Denver Lane (602) 432-2028

    Listing date Nov 17, 2025

    MLS# 6871664 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Mesa Fourplex Investment Opportunity

    This new fourplex presents an investment opportunity within a newly developed community. The property is located close to the 202 freeway. The community provides common areas, a dog park, and a ramada/tot lot area. The property is located in Mesa, Arizona, with the postal code 85207, situated in Maricopa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Building Supply Gym & Fitness Pharmacy Accounting Firm Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.653323
    Latitude
    33.422537

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    FAQs

    What type of property is this?
    Quadplex - New fourplex near 202 freeway with community amenities.
    Where is this quadplex located?
    The property is located at 8246 E University Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $1,499,890.
    What are key features of this property?
    This property features: - Qualifies for FHA loan; - Brand new 4-plex construction; - Located in a new community
    (602) 432-2028
    Request Owner's contact information
    8246 E University Dr Mesa, AZ 85207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8246 E University Dr Mesa, AZ 85207
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