Two-Bedroom Residential Income
For Sale
$184,000
1125 E BROADWAY Road 225, Tempe, AZ 85282
Second-floor residence with pool outlook, fireplace, in-unit laundry, and assigned covered parking.
Property Size617 SF
Days on Market148
Property Features for 1125 E BROADWAY Road 225
General Information
Standard status
Active
Size
617 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$534
Amenities
pool
fireplace
in-unit washer & dryer
Building Details
Building Size
617 SF
Year Built
1985
Listing Agency:
HomeSmart
Listed By:
Maria J Boetger · License #SA531633000
(480) 329-5926
Source:
Gillettegroupaz
Added: Apr 24
Changed: Sep 14
Last Checked: Sep 16 at 11:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This second-floor residential income property features a 2-bedroom, 2-bath layout with an open living area, fireplace, in-unit washer and dryer, and an assigned covered parking space. The residence overlooks the community pool and provides a practical configuration for comfortable living or rental use. Built in 1985, the property includes HOA services covering water, sewer, garbage collection, and exterior pest control.
Located in Tempe near ASU, the property offers access to nearby shopping, restaurants, entertainment, and freeways. The HOA has approved fresh exterior paint for the community, with no cost to the buyer.
Located in Tempe near ASU, the property offers access to nearby shopping, restaurants, entertainment, and freeways. The HOA has approved fresh exterior paint for the community, with no cost to the buyer.
Key Highlights
- 2‑bedroom, 2‑bath second‑floor residence
- Overlooks the community pool
- Fireplace and open living layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,260
$167.3K
Cap Rate 7%
$119,471
$119.5K
Cap Rate 9%
$92,922
$92.9K
Market Conditions
NOI Build-Up for 617 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.1K $26.16/SF
− Vacancy
−$936 −$1.52/SF
EGI
$15.2K $24.64/SF
− OpEx
−$6.8K −$11.09/SF
NOI
$8.4K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,260
Cap Rate 7%
$119,471
Cap Rate 9%
$92,922
Alternative Uses
Best Use
Apartment 5plus
$119.5K
$104.5K – $139.4K
NOI $8,363 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.0K
$169.8K – $226.4K
NOI $13,582 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence with pool outlook, fireplace, in-unit laundry, and assigned covered parking.
Where is this residential income property located?
The property is located at 1125 E BROADWAY Road 225 Tempe, AZ.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath second‑floor residence; Overlooks the community pool; Fireplace and open living layout
