2509 E BROADWAY Road, Phoenix, AZ 85040

$749,900
Property Type: Multiple Dwellings Status: Active
Current Price: $749,900 Last Modified: 5/06/2026

Overview

Description

Modern duplex opportunity featuring Units 2 & 3 at 2509 E Broadway Rd. Built in 2024, each unit offers 3 bedrooms, 2.5 bathrooms, and a private 2-car garage. Thoughtfully designed with open floor plans, walk-out decks, quartz countertops, stainless steel appliances, and epoxy garage floors. Each unit also includes a private fenced backyard plus access to a shared courtyard space for the four-unit community. Excellent flexibility for investors or owner-occupants--rent both units for strong cash flow or live in one while renting the other. Area rents are approximately $2,500 per unit, making this a compelling income opportunity in a growing area with additional new construction nearby.

Listing Details MLS# 6998788

Location, Tax & Legal

House Number
2509
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Zip4
2623
Country
US
County Code
Maricopa
Subdivision
BROADWAY ESTATES LOTS 1-10, 33-52, 75-94
Assessor Number
122-56-014
Tax Year
2025
Assessor's Map #
56
Legal Description (Abbrev)
LOT 9 BROADWAY ESTATES LOTS 1-10, 33-52, 75-94 MCR 003412
Assessor's Parcel #
14
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
116100
Taxes
3369
Legal
Parcel 122-56-014
Marketing Name
Unsure

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
20x50
Year Built
2023
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R-5
Flood Zone
No
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
High School
South Mountain High School

Remarks Misc

Cross Street
25th st and Broadway

Legal Info

Township
1N
Range
3E
Section
26
Lot Number
9

Income Expenses

Gross Annual Sch Inc
67200
Net Operating Income
65184

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
2800
Avg SqFt
1545
# Baths
25

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Foam
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
0
Operating Exp
3369
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
65184

Pmt & Rate Info

Cap Rate
8.69
Equity
749900
Down Payment %
5
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

Play Area
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Heat Pump
Yes

Exterior Amenities

Fenced
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: Play Area; Barbecue Exterior Amenities: Fenced; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Ceiling Fan(s); Electric; Heat Pump Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Garage Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: May - 06 - 2026
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