Two-Bedroom Residential
For Sale
$308,000
2134 E BROADWAY Road 2050, Tempe, AZ 85282
An upstairs residence features updated cabinetry, gray quartz counters, and access to a gated community pool and spa.
Property Size1,083 SF
Price / SF$284.40
Days on Market34
Property Features for 2134 E BROADWAY Road 2050
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,334
Amenities
gated community
pool
spa
Building Details
Building Size
1,083 SF
Year Built
1997
Listing Agency:
Grigg's Group Powered by The Altman Brothers
Listed By:
Jennifer Wandoloski
(480) 528-4767
Source:
Arizonaproperrealestate
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 10:53AM
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 Grigg's Group Powered by The Altman Brothers
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Investment Insights
Based on property information with market context.
This 1,083-square-foot, two-bedroom, two-bath condo is located on an upper floor and was built in 1997. The interior includes newer cabinetry, gray quartz countertops, and a spacious living room. Residents have access to a gated community with a pool and spa.
The property is in Tempe, near shopping, dining, entertainment, ASU, and the 101 freeway.
The property is in Tempe, near shopping, dining, entertainment, ASU, and the 101 freeway.
Key Highlights
- 1,083‑square‑foot condo with two bedrooms and two bathrooms
- Upper‑floor unit in a gated community
- Newer cabinetry and gray quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,678
Cap Rate
4.77%
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 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.6K
$298.0K – $397.3K
NOI $23,839 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - An upstairs residence features updated cabinetry, gray quartz counters, and access to a gated community pool and spa.
Where is this residential income property located?
The property is located at 2134 E BROADWAY Road 2050 Tempe, AZ.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 1,083‑square‑foot condo with two bedrooms and two bathrooms; Upper‑floor unit in a gated community; Newer cabinetry and gray quartz countertops
