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Two-Story Apartment Complex
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1547 E Broadway Rd, Mesa, AZ 85204

Built in 1984 with a community pool, ample parking, and a mix of one- and two-bedroom residences.

Property SizeContact for details
Days on Market145

Property Features for 1547 E Broadway Rd

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Phoenix
Listed By: Paul Bay · License #AZ SA671037000
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 11:19PM

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 Marcus & Millichap - Phoenix

Investment Insights

Based on property information with market context.

Park Mesa is a two-story apartment complex built in 1984 with 42 units, ample parking, and a community pool. The property includes 31 two-bedroom apartments and 11 one-bedroom apartments, with an overall average unit size of 771 square feet. Thirty-two classic units remain, providing a defined portion of the property’s unit inventory that has not yet been renovated.

The complex is located at 1547 E Broadway Rd in Mesa, on the south side of Broadway Road between Stapley Drive and Gilbert Road. Downtown Mesa, the Superstition Employment Corridor along US 60, and the Fiesta District are identified in the surrounding context. A light rail station is within walking distance, connecting the area with nearby employment, education, and lifestyle destinations, including Mesa Arts Center and Mesa Community College.

Key Highlights

  • 42‑unit apartment complex built in 1984
  • Unit mix includes 31 two‑bedroom units and 11 one‑bedroom units
  • Overall average unit size of 771 square feet

Property Analytics

Current Use

Park Mesa Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Dental Office Parking Lot & Garage Travel Agency Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1984 with a community pool, ample parking, and a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1547 E Broadway Rd Mesa, AZ.
What are key features of this property?
This property features: 42‑unit apartment complex built in 1984; Unit mix includes 31 two‑bedroom units and 11 one‑bedroom units; Overall average unit size of 771 square feet
More about this property
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