2014 E BROADWAY Road, Phoenix, AZ 85040

$600,000
Property Type: Multiple Dwellings Status: Active
Current Price: $600,000 Last Modified: 7/07/2026

Overview

Description

Fantastic investment opportunity! This well-maintained single-story fourplex features two 2-bedroom, 1-bath units renting for $1,950/month each and two 1-bedroom, 1-bath units renting for $1,650/month each. Several units have been updated, while others offer value-add potential for increased rental income. This property is a true cash-flow opportunity with strong current returns. The adjacent lot is also available for purchase, creating a rare package deal. The neighboring parcel is zoned C-2, offering excellent potential for future commercial development or expansion (buyer to verify zoning and permitted uses). Don't miss this outstanding investment!

Listing Details MLS# 7050961

Location, Tax & Legal

House Number
2014
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Zip4
2550
Country
US
County Code
Maricopa
Subdivision
HARLEM HOMES
Assessor Number
122-36-043
Tax Year
2025
Assessor's Map #
36
Legal Description (Abbrev)
LOT 10 HARLEM HOMES MCR 003517
Assessor's Parcel #
43
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
115300
Taxes
2549
Legal
LOT 10 HARLEM HOMES MCR 003517
Marketing Name
Unknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
105’ x 62’ x 112’ x 65’
Year Built
1946
Uncvrd Parking Spcs
Yes
Total # of Units
4
# of Buildings
Yes
Zoning
C-2
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Percy L Julian School
Jr. High School
Percy L Julian School
High School
South Mountain High School

Remarks Misc

Cross Street
E Broadway Road & S 16th Street
Directions
Head east on E Broadway Road (0.5 mi). Property is just after S 20th Street on North side of road.

Legal Info

Township
1N
Range
3E
Section
22
Lot Number
10

Income Expenses

Gross Annual Sch Inc
86400

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1650

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1950

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Other
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2549
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
86400

Pmt & Rate Info

Equity
600000
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

Partially Fenced
Yes
Cable TV Available
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
<1 Space Per Unit
Yes
Other
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile; Other Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Partially Fenced; Cable TV Available; Security Light(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Central; Heat Pump Cooling: Heat Pump; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; <1 Space Per Unit; Other Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: July - 07 - 2026
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