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

Listing Office: HomeSmart

Last Updated: May - 06 - 2026