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 Market166
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: Oct 5
Last Checked: Oct 5 at 9:42PM
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 / Yr
$8,363
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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 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
