Triplex Apartment
For Sale
$595,000
1540 E BROADWAY Road, Mesa, AZ 85204
Apartment mix includes renovated interiors, established tenants, and shared courtyard and common-area use.
Property SizeContact for details
Days on Market15
Property Features for 1540 E BROADWAY Road
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,429
Building Details
Year Built
1968
Buildings
1
Tenancy
Multi
Listing Agency:
Erickson Realty Group L.L.C.
(480) 689-6360
Listed By:
Wally Erickson · License #BR523953000
(480) 689-6360
Source:
Gillettegroupaz
Added: Aug 8
Changed: Aug 21
Last Checked: Aug 21 at 11:40AM
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 Erickson Realty Group L.L.C.
Investment Insights
Based on property information with market context.
This 1968 triplex contains three residential units: one apartment with three bedrooms and two bathrooms, plus two apartments each offering two bedrooms and one bathroom. The property has received renovations, along with new exterior paint and a new water main. Two of the two-bedroom units are occupied by long-term tenants on month-to-month leases, while the three-bedroom apartment is under a one-year lease.
The building shares its courtyard and common areas with 1546 E Broadway Road and is required to be purchased together with that property. Located in Mesa, Arizona, the asset combines a defined three-unit layout with a mix of existing tenancy and recently improved space.
The building shares its courtyard and common areas with 1546 E Broadway Road and is required to be purchased together with that property. Located in Mesa, Arizona, the asset combines a defined three-unit layout with a mix of existing tenancy and recently improved space.
Key Highlights
- Three‑unit configuration with one 3‑bedroom/2‑bath apartment and two 2‑bedroom/1‑bath apartments
- Two 2‑bedroom units occupied by long‑term tenants on month‑to‑month leases
- 3‑bedroom unit renovated and leased on a one‑year term
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Apartment mix includes renovated interiors, established tenants, and shared courtyard and common-area use.
Where is this triplex located?
The property is located at 1540 E BROADWAY Road Mesa, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom/2‑bath apartment and two 2‑bedroom/1‑bath apartments; Two 2‑bedroom units occupied by long‑term tenants on month‑to‑month leases; 3‑bedroom unit renovated and leased on a one‑year term
