Two-Bedroom Residential Income
For Sale
$259,000
1125 E BROADWAY Road 217, Tempe, AZ 85282
Second-floor residence with pool outlook, fireplace, in-unit laundry, and assigned covered parking.
Days on Market19
Property Features for 1125 E BROADWAY Road 217
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
pool
fireplace
in-unit washer & dryer
Building Details
Building Size
1,020 SF
Year Built
1985
Listing Agency:
Weichert, Realtors - Courtney Valleywide
(602) 717-9580
Listed By:
Jeff Christian · License #SA627929000
(602) 717-9580
Source:
Gillettegroupaz
Added: Jul 15
Changed: Jul 31
Last Checked: Aug 1 at 11:00AM
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 Weichert, Realtors - Courtney Valleywide
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $26.16 |
| − Vacancy | −$1.5k | −$1.52 |
| EGI | $25.1k | $24.64 |
| − OpEx | −$11.3k | −$11.09 |
| NOI | $13.8k | $13.55 |
1,020 SF · lease $26.16/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$197.5K
$172.8K – $230.4K
NOI $13,825 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.8K
$280.7K – $374.2K
NOI $22,453 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Properties on Market for Residential income properties in Tempe
Questions? Ask Rey
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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 217 Tempe, AZ.
What is the asking price?
The asking price for this property is $259,000.
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
