1540 E BROADWAY Road, Mesa, AZ 85204
FOR SALE
0.25 ACRES

1540 E BROADWAY Road
Mesa, AZ 85204

Reed Park
  • 7 Beds
  • 4 Baths
  • 3,220 sqft (on 0.25 acres)

$595,000

Est. Mortgage $3,324/mo*
Get Pre-Qualified

$595,000

Est. Mortgage $3,324/mo*
Get Pre-Qualified
7 Beds
4 Baths
3,220 sqft
(on 0.25 acres)

Home Highlights

Parking
3 Parking Spaces
Price/Sqft
$185
Climate Control
Heat Pump & Heat Pump
Listed
15 days ago

Local Information

  • Map ViewExplore the area around 1540 E BROADWAY Road.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 2 hours ago
Listing courtesy of Wally Erickson
Erickson Realty Group L.L.C.
Source: ARMLS, MLS#7066916
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 1540 E BROADWAY Road

Interior Features

Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 4
Dimensions and Layout
Living Area: 3220 Square Feet
Appliances & Utilities
Appliances: Refrigerator, Free-Standing Electric OvenRefrigerator
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Heat PumpHas HeatingHeating Fuel: Heat Pump
Gas & Electric
Electric: SRPHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Tile, Laminate, Vinyl
Levels, Entrance, & Accessibility
Floors: Tile, Laminate, Vinyl

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Number of Covered Spaces: 3No CarportNo GarageParking Spaces: 3Parking: >1 Space Per Unit
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 5Days on Market: 15

Property Information

Year Built
Year Built: 1968
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood Frame, Siding, Block
Property Information
Parcel Number: 13813164

Price & Status

Price
List Price: $595,000Price Per Sqft: $185

Active Status

MLS Status: Active

Location

Direction & Address
City: MesaCommunity: MESA HOMES 2 REPLATTED
School Information
Elementary School District: Mesa Unified DistrictHigh School District: Mesa Unified District

Agent Information

Listing Agent
Listing ID: 7066916

Building

Building Area
Building Area: 3220 Square Feet

Community

Community Features: No Pool

Lot Information

Lot Area: 10890 sqft

Offer

Listing Terms: Conventional, FHA

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: Trash Collection, Water, Sewer

Miscellaneous

Mls Number: 7066916

Additional Information

No Pool

Around this home

Neighborhood Overview

Reed Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Reed Park

At least 68 Trulia users voted on each feature.

  • 87 % Say there are sidewalks

  • 81 % Say parking is easy

  • 77 % Say it's dog friendly

  • 76 % Say car is needed

  • 76 % Say kids play outside

  • 75 % Say there's holiday spirit

  • 67 % Say streets are well-lit

  • 67 % Say yards are well-kept

  • 58 % Say it's walkable to grocery stores

  • 53 % Say it's walkable to restaurants

  • 49 % Say people would walk alone at night

  • 49 % Say they plan to stay for at least 5 years

  • 46 % Say neighbors are friendly

  • 44 % Say it's quiet

  • 22 % Say there are community events

  • 21 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "sometime the local churches have festivities the park sometimes have festivities....and sometimes the stores have very good sales going ons"
    2
    Flag
  • Trulia User
    "I've lived at Serrano Garden Apartments for almost 3 years. All my neighbors are friendly and are quiet. I feel at home because my neighbors are so nice and caring. My kids enjoy going outside and playing with their friends at out apartment complex or they go to Reed park to skateboard. "
    0
    Flag
  • Trulia User
    "it's a pet friendly apartments. Reed park is a big park for your dog to run around and get rid of some of their extra energy they have. Owners have issue with cleaning up after themselves "
    0
    Flag
  • Trulia User
    "Their are many lose dogs I see from time to time. Their are no dog parks very close except one park but it is always crowded and not quiet for a walk with your dog. "
    0
    Flag
  • Jodi L.
    "There is lots of diversity. People wave and say hi. Crime is up lately. Lots of 420 friendly people. "
    7
    Flag
  • Mmmmk
    "Make sure you know who your living near... watchdog.. lots of pedos near by. For the most part on the street I live it’s quiet. But there is a lot of druggies around.. and not the nicest area.. "
    7
    Flag
  • Miguel V.
    "the park is ok but too many cars parked on the sides of the road. I honestly would not live in this neighborhood unless I really had to"
    19
    Flag
  • Dacosta0470
    "I've lived in Mesa for over 30 years. it is a very family friendly city. Great schools, friendly neighbors and usually a decent price on home sales/rentals."
    0
    Flag
  • Roc o. P.
    "I've lived in this neighborhood for over 7 years now, I like it a lot, it's close to a recently renovated park and schools and everything around it it's very convenient, lots of stores, museums and art center"
    3
    Flag
  • Burtfoolish
    "I'm not I'm not sure that this neighbor is unique but it is one of a kind that's how I missed it makes it you need it so I can go shopping for cigarettes all the same area"
    1
    Flag
  • Dacosta0470
    "my sister has lived in this area for over 20 years now. it is a family neighborhood with plenty of schools."
    1
    Flag
  • Dacosta0470
    "I grew up in Mesa and lived here for over 20 years. It's a great place to live its quiet for a big city. "
    1
    Flag

Market trends in Mesa

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$427K
$3.33KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$256
$1MoM
Available listings
1850
54MoM

Home Value

Trulia Estimate
$572K
Since last month
Decreased$56K (-8.9%)
Since last year
Decreased$17K (-3%)
Since last sale
Increased$470K (+460.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +138% in the last 10 years
MonthEstimated value
2026
August 2026$572K
July 2026$628K
June 2026$623K
May 2026$621K
April 2026$621K
March 2026$620K
February 2026$624K
January 2026$614K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
240 S DORAN Circle, Mesa, AZ
0.36
Multi-Family Home
$815,000
11/26/25
8
4
3,136
1728 E Pepper Circle, Mesa, AZ
0.64
Multi-Family Home
$747,000
11/10/25
8
4
3,760
1164 E Jarvis Avenue E, Mesa, AZ
0.46
Multi-Family Home
$449,000
09/17/25
5
2
2,100
1500 E Dana Avenue, Mesa, AZ
0.33
Multi-Family Home
$1,260,000
04/22/26
12
5
5,400
610 S BELLVIEW Street, Mesa, AZ
1.07
Multi-Family Home
$525,000
10/15/25
4
4
2,080
604 S Bellview --, Mesa, AZ
1.07
Multi-Family Home
$580,000
12/03/25
4
4
2,080
454 S PIONEER --, Mesa, AZ
1.28
Multi-Family Home
$680,000
07/31/26
6
4
2,100
460 S PIONEER --, Mesa, AZ
1.28
Multi-Family Home
$715,000
06/16/26
6
4
2,100
551 S LESUEUR Street, Mesa, AZ
1.32
Multi-Family Home
$510,000
02/12/26
6
6
2,367
1146 E 2ND Street, Mesa, AZ
0.88
Multi-Family Home
$825,000
10/23/25
8
2
4,016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1546 E BROADWAY Road, Mesa, AZ 85204
0.01
$675,000
6
4
3,054
For Sale
1523 E 3RD Avenue, Mesa, AZ 85204
0.04
$391,700
3
2
1,249
Off Market
1509 E 3rd Avenue, Mesa, AZ 85204
0.06
$370,000
3
2
1,751
Recently Sold
335 S Harris Drive, Mesa, AZ 85204
0.05
$349,000
2
1
1,069
For Sale
459 S DALEY --, Mesa, AZ 85204
0.11
$347,600
2
2
1,213
Off Market
463 S DALEY --, Mesa, AZ 85204
0.12
$480,000
3
2
2,245
Recently Sold
1466 E 3rd Avenue, Mesa, AZ 85204
0.10
$384,300
3
2
1,649
Off Market
452 S DALEY --, Mesa, AZ 85204
0.14
$438,200
5
2
1,795
Off Market
1501 E JARVIS Avenue, Mesa, AZ 85204
0.11
$371,700
3
2
1,092
Off Market
470 S DALEY --, Mesa, AZ 85204
0.15
$363,800
2
2
1,120
Off Market
405 S SPUR Street, Mesa, AZ 85204
0.15
-
3
2
1,470
Off Market

Price and Tax history

DateEventPrice
Aug 14, 2026
Source: ARMLS #7066916
Listed For Sale
$595,000
Sep 30, 1996
Source: N/A
Sold
$102,000
Nov 14, 1994
Source: N/A
Sold
$107,000

LGBTQ Local Legal Protections

Wally Erickson, Erickson Realty Group L.L.C.

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Frequently asked questions about 1540 E BROADWAY Road

  • What is the estimated monthly payment for 1540 E BROADWAY Road?
    Based on a $595,000 list price with 20% down at today's rates, the estimated monthly payment for 1540 E BROADWAY Road in Mesa, AZ is approximately $3,405 (about $3,127 principal & interest, $203 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1540 E BROADWAY Road compare to homes in Mesa?
    1540 E BROADWAY Road in Mesa, AZ is listed at $595,000, about 39% above the $427K median sale price in Mesa.
  • What do residents say about the Reed Park neighborhood?
    Residents describe the Reed Park neighborhood in Mesa, AZ as pedestrian-friendly, easy to park in, and dog-friendly. See homes for sale in Reed Park, Mesa.
  • What are the closest schools to 1540 E BROADWAY Road?
    The closest schools to 1540 E BROADWAY Road in Mesa, AZ are Longfellow Elementary School (Pre-K, rated 6/10), Mesa High School (rated 6/10), Poston Junior High School (rated 4/10).
  • Does 1540 E BROADWAY Road have air conditioning?
    Yes, 1540 E BROADWAY Road in Mesa, AZ has air conditioning.
  • Does 1540 E BROADWAY Road have parking?
    Yes, 1540 E BROADWAY Road in Mesa, AZ has on-site parking.
1540 E BROADWAY Road, Mesa, AZ 85204 is a 7 bedroom, 4 bathroom, 3,220 sqft multi-family built in 1968. 1540 E BROADWAY Road is located in Reed Park, Mesa. This property is currently available for sale and was listed by ARMLS on Aug 14, 2026. The MLS # for this home is MLS# 7066916.