2509 E BROADWAY Road, Phoenix, AZ 85040
$770,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$770,000
Last Modified:
3/15/2026
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 $2,800 per unit, making this a compelling income opportunity in a growing area with additional new construction nearby.
More Information MLS# 6998788
Contract Info
Ownership: Fee Simple
Current Price: $770,000
List Price: $770,000
Status: Active
List Date: 2026-03-06
Location, Tax & Legal
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: Unsure
Marketing Name: Unsure
House Number: 2509
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 2623
County Code: Maricopa
Subdivision: BROADWAY ESTATES LOTS 1-10, 33-52, 75-94
Assessor Number: 122-56-014
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 20x50
Flood Zone: No
Total # of Units: 2
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
High School: South Mountain High School
Year Built: 2023
Zoning: R-5
Legal Info
Range: 3E
Section: 26
Township: 1N
Lot Number: 9
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 1200
Operating Exp: 4569
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 65184
Pmt & Rate Info
Cap Rate: 8.47
Equity: 770000
Down Payment %: 5
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Supra: 1
Community Features
Play Area: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Fenced: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2800
Avg SqFt: 1545
# Baths: 25
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 25th st and Broadway
Geo Lat: 33.406602
Geo Lon: -112.026372
Income Expenses
Gross Annual Sch Inc: 67200
Net Operating Income: 65184
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
Listing Office:
HomeSmart
Last Updated: March - 15 - 2026
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