Broadway Apartments | 1432 - 1442 East Broadway Road, Mesa, AZ 85204 | 10 Units | Built 1971 | Renovated 2023 | $2,100,000 | $210,000 Per Unit | $293.30 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (October 5, 2026) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,100,000 / $210,000 Per Unit / $293.30 Per SF sale of Broadway Apartments, a 10-unit multifamily apartment community located in Mesa, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the Seller in this transaction.
The Buyer and Seller are based in California.
Situated on East Broadway Road near South Stapley Road and within the Southwest Mesa submarket, Broadway Apartments is a garden-style community consisting of three single-story buildings on ±0.50 acres across two parcels. The property is minutes from Downtown Mesa and the Valley Metro light rail line along Main Street. Residents have convenient access to the greater Phoenix metropolitan area via the Superstition Freeway (US 60) and Red Mountain Freeway (Loop 202). Nearby neighborhood conveniences include ALDI, Fry’s, and Walgreens.
The property benefits from the ongoing revitalization of Downtown Mesa, where the Main Street corridor offers a growing selection of dining, shopping, and entertainment, including the Mesa Arts Center and Arizona State University's Mesa City Center campus. Downtown Tempe, Sloan Park, and Phoenix Sky Harbor International Airport are all within a short drive.
Constructed in 1971 of block, the property was completely renovated in 2023. It offers a unit mix of two one-bedroom, one-bathroom units and eight two-bedroom, one-bathroom units averaging approximately 716 square feet. Interior features include wood-style vinyl plank flooring, fresh paint, gray cabinetry, marbled countertops, stainless steel appliances, and fully updated bathrooms with contemporary fixtures. Each unit also includes a private backyard and individual storage, amenities rarely found in properties of this size.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.