1540 E Broadway Rd Mesa, AZ 85204
Reed Park NeighborhoodEstimated payment $3,386/month
About This Home
Great opportunity to own an income producing property in Mesa. Rare building with one 3 bedroom/two bath apartment and two two bedroom/one bath apartments. The two bedroom apartments are occupied with long term tenants on month to month leases. The three bedroom was just rented after some renovations on a one year lease at $1700mo. Building has new exterior paint and a new water main. Building does share courtyard and common areas with 1546 Broadway and needs to be bought together.
Listing Agent
Erickson Realty Group L.L.C. License #BR523953000 Listed on: 08/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,429
Year Built
- Built in 1968
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Siding
Bedrooms and Bathrooms
- 7 Bedrooms
Parking
- 3 Parking Spaces
- 3 Covered Spaces
Utilities
- Cooling Available
- Air Source Heat Pump
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 153
- Assessor Parcel Number 138-13-164
Community Details
Overview
- 3 Units
- Building Dimensions are .25 acres
- Mesa Homes 2 Replatted Subdivision
Building Details
- Operating Expense $1,429
- Gross Income $44,160
- Net Operating Income $40,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,429 | $14,484 | ||
| 2024 | $1,433 | $13,795 | ||
| 2023 | $1,433 | $52,800 | $9,620 | $43,180 |
| 2022 | $1,404 | $39,420 | $7,180 | $32,240 |
| 2021 | $1,421 | $31,990 | $5,830 | $26,160 |
| 2020 | $1,402 | $28,630 | $5,220 | $23,410 |
| 2019 | $1,310 | $24,130 | $4,400 | $19,730 |
| 2018 | $1,258 | $21,780 | $3,970 | $17,810 |
| 2017 | $1,220 | $18,750 | $3,420 | $15,330 |
| 2016 | $1,197 | $18,520 | $3,370 | $15,150 |
| 2015 | $1,125 | $15,920 | $2,900 | $13,020 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/08/2026 08/08/26 | For Sale | $595,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $102,000 | Security Title Agency | |
| Interfamily Deed Transfer | -- | First American Title | |
| Warranty Deed | $107,000 | First American Title |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7066916
APN: 138-13-164
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All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.