1540 E BROADWAY Road, Mesa, AZ 85204, Mesa AZ 85204
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.
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Mesa
This property is grouped with the current five-or-more-bedroom homes in Mesa. Its asking price falls near the 24th percentile of that active group. The comparison uses 237 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $438,500, and the median is $252 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1509 E 3rd Avenue, Mesa, AZ 85204 | Jun 5, 2026 | 3 bd · 1,751 sqft | $370,000 | 0.1 mi |
| 463 S DALEY, Mesa, AZ 85204 | Aug 20, 2026 | 3 bd · 2,245 sqft | $480,000 | 0.1 mi |
| 1432 E BROADWAY Road, Mesa, AZ 85204 | Sep 17, 2026 | 18 bd | $2,100,000 | 0.1 mi |
| 1434 E JARVIS Avenue, Mesa, AZ 85204 | Jun 12, 2026 | 3 bd · 1,596 sqft | $427,000 | 0.2 mi |
| 511 S BARKLEY, Mesa, AZ 85204 | Aug 25, 2026 | 4 bd · 2,200 sqft | $450,000 | 0.2 mi |
| 1414 E 3RD Avenue, Mesa, AZ 85204 | Aug 24, 2026 | 3 bd · 1,092 sqft | $275,000 | 0.2 mi |
| 228 S HILL, Mesa, AZ 85204 | Jun 29, 2026 | 3 bd · 1,625 sqft | $469,000 | 0.2 mi |
| 1403 E JARVIS Avenue, Mesa, AZ 85204 | Jun 12, 2026 | 3 bd · 1,354 sqft | $365,000 | 0.2 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $595,000 · Active
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These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.