8246 E University Dr

$1,499,890
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

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!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!
  1. Listed by Denver Lane • Brokerage DRE #LC681755000 • Balboa Realty, LLC
    P: (480)-800-0863 C: (480)-800-0863 denver@balboarealtyaz.com
  2. Listed by Jarom K. Homer • Brokerage DRE #LC681755000 • Balboa Realty, LLC
    P: (480)-225-6464 C: (480)-225-6464 jkhomer@cox.net

Property Details for 8246 East University Drive

Subdivision Name
Project 4
View YN
No
Zoning
Residental
LISTING UPDATED: 11/17/2025 02:16 PM

Property Details for 8246 East University Drive

StatusActive
MLS #6871664
Days on Market208
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built2023
Lot Size0.14 AC / 6,000 SF
CountyMaricopa County

Location

Listing Courtesy of Balboa Realty, LLC
Add your commute

Building Information for 8246 East University Drive

Stories-Residences4Year Built2023Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$7,539 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,411

Property Taxes

$128

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8246 East University Drive

Summary
Location and General Information
  • Unparsed Address: 8246 E UNIVERSITY Drive, Mesa, AZ 85207
  • City: Mesa
  • Coordinates: -111.653323, 33.422537
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: University & Hawes
  • Latitude: 33.422537
  • Longitude: -111.653323
  • Postal City: Mesa
  • Postal Code: 85207
  • State Or Province: AZ
  • Street Suffix: Drive
  • Year Built: 2,023
Taxes and HOA
  • Tax Annual Amount: $.00
  • Tax Book Number: 218.00
  • Tax Legal Description: LOT 5 HERMAR VALLEY AMD MCR 008014
  • Tax Lot: 5
  • Tax Year: 2,022
Parking
  • Covered Spaces: 4
  • Garage YN: No
  • Open Parking Spaces: 0
  • Parking Features: On Street
  • Parking Total: 4
School Information
  • Elementary School District: Mesa Unified District
  • High School District: Mesa Unified District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 6000
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None
  • Documents Count: 0
  • Ownership: Other (See Remarks)
  • Parcel Number: 21809005
  • Property Type: Multiple Dwellings
  • Public Survey Range: 7E
  • Public Survey Section: 17
  • Public Survey Township: 1N
  • Road Surface Type: Asphalt
Utilities
  • Electric: SRP
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: Other
  • Construction Materials: Wood Frame, Painted, Stucco
  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Roof: Tile
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Ceiling Fan(s), Electric
  • Cooling YN: Yes
  • Flooring: Other
  • Heating: Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $5,760.00
  • Gross Scheduled Income: $115,200.00
  • Net Operating Income: $103,920.00
  • Operating Expense: $.00

Property History for 8246 East University Drive

DateEvent & SourcePriceAppreciation
Jun 18, 2025

Price Change

ARMLS #6871664

$1,499,890—
May 27, 2025

Listed (Active)

ARMLS #6871664

$1,499,990—
Jun 1, 2023

Withdrawn

ARMLS #6556933

$1,449,990—
Jun 1, 2023

Withdrawn

ARMLS #6553096

$1,449,990—
May 15, 2023

Listed (Active)

ARMLS #6556933

$1,349,990—
May 5, 2023

Listed (Active)

ARMLS #6553096

$1,399,999—
Dec 10, 2021

Sold (Public Record)

Public Record #1478758861

$555,000—
Dec 10, 2021

Sold (Public Record)

Public Record #1478758862

$555,000—
DateEvent & SourcePrice
06/18/2025

Price Change

ARMLS #6871664

$1,499,890
05/27/2025

Listed (Active)

ARMLS #6871664

$1,499,990
06/01/2023

Withdrawn

ARMLS #6556933

$1,449,990
06/01/2023

Withdrawn

ARMLS #6553096

$1,449,990
05/15/2023

Listed (Active)

ARMLS #6556933

$1,349,990
05/05/2023

Listed (Active)

ARMLS #6553096

$1,399,999
12/10/2021

Sold (Public Record)

Public Record #1478758861

$555,000
12/10/2021

Sold (Public Record)

Public Record #1478758862

$555,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8246 East University Drive

Taxable ValueLand$38,100Additions-Total$38,100
Tax Record2022$1,533 ($128 / month)
Home Facts
Beds0Lot Size88,819 SqFtStyleResidentialZoningR-43CountyMARICOPAAPN218-09-004

Schools near 8246 East University Drive

This home is within Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Franklin at Brimhall Elementary School
PublicPK to 6

Franklin Elementary School
PublicPK to 6

Salk Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8246 East University Drive is a multi-family home for sale in Mesa, AZ 85207. This property was listed for sale on May 27, 2025 by Balboa Realty, LLC, it's currently listed at $1,499,890. It has been on the market for a total of 208 days and was last sold on December 10, 2021. This listing's school district is Mesa Unified School District. Nearby schools include Franklin at Brimhall Elementary School, Franklin Elementary School and Franklin Accelerated Academy- Downtown Campus. 8246 East University Drive is a 0-bed, 0-bath, multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Balboa Realty, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. 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. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.