1546 E BROADWAY Road, Mesa, AZ 85204

$675,000
Property Type: Multiple Dwellings Bedrooms: 6 Baths: 4 Status: Active
Current Price: $675,000 Last Modified: 8/19/2026

Overview

Description

Great opportunity to own an income producing 4 plex in Mesa. Two one bed/one bath apartments and two 2bed/one bath apartments. Building has new exterior paint. This building does share a common area courtyard with 1540 E Broadway Rd and they need to be bought together. Unit D tenant has been there just over a year the other 3 tenants are all long term. Units have not been remodeled and could use some TLC.

Listing Details MLS# 7066921

Location, Tax & Legal

House Number
1546
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
2333
Country
US
County Code
Maricopa
Subdivision
MESA HOMES 2 REPLATTED
Assessor Number
138-13-163
Tax Year
2025
Assessor's Map #
13
Legal Description (Abbrev)
LOT 152 MESA HOMES 2 REPLATTED MCR 007244
Assessor's Parcel #
163
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421602
Taxes
1166
Legal
LOT 152 MESA HOMES 2 REPLATTED MCR 007244
Marketing Name
unk

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.248 acres
Year Built
1971
Uncvrd Parking Spcs
3
Total # of Units
4
# of Buildings
Yes
Zoning
C-G
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Broadway/Harris

Legal Info

Township
1N
Range
5E
Section
24
Lot Number
152

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
725
Avg SqFt
700
# Baths
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1190
Avg SqFt
827
# Baths
Yes

Structure

Bedrooms Total
6
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
31680
Net Operating Income
28594

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
480-689-6360

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes
Wood Frame
Yes
Brick
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Wtr/Swr Exp
1920
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
3086
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
31680

Pmt & Rate Info

Cap Rate
4.24
Equity
675000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Central
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: Four Plex Construction: Block; Wood Frame; Brick Const - Finish: Painted; Siding Roofing: Composition Floors: Laminate; Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Electric Oven; Refrigerator Heating: Central; Heat Pump Cooling: Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; On Street; <1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: Erickson Realty Group L.L.C.
Last Updated: August - 19 - 2026
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