Renovated Residential Income
For Sale
$299,900
2134 E BROADWAY Road 1042, Tempe, AZ 85282
Updated condo with an attached garage, included appliances, and access to community amenities.
Property Size1,083 SF
Days on Market168
Property Features for 2134 E BROADWAY Road 1042
General Information
Standard status
Active
Size
1,083 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,334
Amenities
pool
jacuzzi
fitness center
Building Details
Building Size
1,083 SF
Year Built
1997
Listing Agency:
West USA Realty
Listed By:
Ryan Gerdes · License #SA542372000
(602) 358-5001
Source:
Alexiabertsatos
Added: Apr 23
Changed: Oct 5
Last Checked: Oct 5 at 9:58PM
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 West USA Realty
Investment Insights
Based on property information with market context.
This renovated condominium at 2134 E Broadway Road in Tempe offers an open kitchen layout with shaker cabinetry, quartz surfaces, and a Samsung appliance package that includes the refrigerator, washer, and dryer. The attached one-car garage adds dedicated parking and storage. Air conditioning and the water heater were replaced within the last year, while the complex received a full roof replacement within the last two years.
Community amenities include a pool, jacuzzi, and fitness center. Water and sewer are covered by the HOA. The property is near light rail, with access to ASU, Mill Avenue, and Downtown Phoenix sporting events. Drivers can reach the 101, 60, and 202 within minutes, while Tempe Montessori School is across the street. Princess Market, Catalyst Crafted Ales, and Mesa’s Asian District are also nearby.
Community amenities include a pool, jacuzzi, and fitness center. Water and sewer are covered by the HOA. The property is near light rail, with access to ASU, Mill Avenue, and Downtown Phoenix sporting events. Drivers can reach the 101, 60, and 202 within minutes, while Tempe Montessori School is across the street. Princess Market, Catalyst Crafted Ales, and Mesa’s Asian District are also nearby.
Key Highlights
- Renovated condo with open kitchen, shaker cabinets, quartz countertops, and Samsung appliances
- Attached 1‑car garage
- AC and water heater replaced in the last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,678
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,560
$293.6K
Cap Rate 7%
$209,686
$209.7K
Cap Rate 9%
$163,089
$163.1K
Market Conditions
NOI Build-Up for 1,083 SF
Gross rent
$28.3K $26.16/SF
− Vacancy
−$1.6K −$1.52/SF
EGI
$26.7K $24.64/SF
− OpEx
−$12.0K −$11.09/SF
NOI
$14.7K $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%
$293,560
Cap Rate 7%
$209,686
Cap Rate 9%
$163,089
Alternative Uses
Best Use
Apartment 5plus
$209.7K
$183.5K – $244.6K
NOI $14,678 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.6K
$298.0K – $397.3K
NOI $23,839 @ 7.0% cap · market cap 7.95%
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
1,060
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 - Updated condo with an attached garage, included appliances, and access to community amenities.
Where is this residential income property located?
The property is located at 2134 E BROADWAY Road 1042 Tempe, AZ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Renovated condo with open kitchen, shaker cabinets, quartz countertops, and Samsung appliances; Attached 1‑car garage; AC and water heater replaced in the last year
