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1540 E BROADWAY Road Mesa, AZ $ 595,000
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1540 E BROADWAY Road
$ 595,000
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1540 E BROADWAY Road

Mesa, AZ, 85204
$ 595,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 3,757

1540 E BROADWAY Road, Mesa, AZ 85204 - Image 1

Multi-Family Home for sale in Mesa, AZ

for $595,000 with 7 bedrooms. This home was built in 1968.

Great opportunity to own an income producing property in Mesa. Rare building with one 3 bedroom/two bath apartment and two two bedroom/one bath apartments. The two bedroom apartments are occupied with long term tenants on month to month leases. The three bedroom was just rented after some renovations on a one year lease at $1700mo. Building has new exterior paint and a new water main. Building does share courtyard and common areas with 1546 Broadway and needs to be bought together.

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Multi-Family Active

Price

$ 595,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 1,429

Style

Multiple Dwellings

Year Built

1968

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7066916
Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Roof Composition
Zoning C-G
Construction Materials Wood Frame Siding Block
Year Built 1968
Electric SRP
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 44160.0
Community Features No Pool
County Maricopa
Net Operating Income 40800.0
Operating Expense 1429.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name MESA HOMES 2 REPLATTED
Garage Y/N N
Status Active
City Mesa
Disclosures None
High School District Mesa Unified District
Open Parking Spaces 0.0
Number Of Units Total 3
Carport Y/N N
Tax Annual Amount 1429.0
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 153
Cap Rate 6.86
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
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Interior
Flooring Tile Laminate Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 7
Total Baths 4
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Exterior
Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 3.0
Number of Buildings 1
Spa N
Lot Dimensions .25 acres
Road Surface Type Asphalt
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1540
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* Excluded Features
List By
Erickson Realty Group L.L.C.

Broker

wally@ericksonrealtygroup.com

Email

Affordability Calculator

$3,876
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,757
Monthly Property Taxes
$119
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
4327115 Elementary School
4327715 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2026$595,000 Listed Price

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1540 E BROADWAY Road, Mesa, AZ, 85204 is a Multi-Family Home for sale at $595,000. 1540 E BROADWAY Road has 7 bedrooms, 0.0 baths, and was built in 1968. The property's zip code is 85204 which is in Mesa, AZ

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