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Sold on 09/12/2025
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1406 E Roosevelt St, Phoenix, AZ 85006

  • $1,000,000

    Last sold 09/12/2025 after 11 Days

  • 5

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1406 E Roosevelt St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Property description
The Roosevelt Apartments is a 7-unit multifamily community located at 1402 & 1406 E Roosevelt St. Originally constructed in 1949 and 1964, the asset sits in a high rental demand area to the east of Downtown Phoenix and near the end of Roosevelt Row. 1402 &1406 E Roosevelt features a favorable mix of one- and two-bedroom units that have been well-maintained and updated throughout the 20 years of current ownership. Additionally, the property sits across two separate parcels, allowing for flexible financing or the opportunity to sell them as an individual triplex and fourplex in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.
Listed by
Listing Agent - Bradley Skenderian
Listing Office - Matthews Real Estate Investment Services
Source: ARMLS mls logo
MLS#6918779 • last updated 10 months ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Heat Pump
Heating Electric
MLS # 6918779
Type Multiple Dwellings
Status Closed
Property Tax 1236
Year Built 1964
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range
Exterior
Roof Composition
Construction Brick
Parking 1 Space/Unit
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision LA TOURRETTE PLACE
Community Features No Pool
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 116-56-074-D
Multifamily Details
Total # of Units 4
Expense: Operating 10646
Financial Data Source Projected Proforma
Expense: Maintenance 1600
Vacancy Allowance 5
Expense: Insurance 1020
Net Operating Income 17736
Gross Income 120600
Expense: Electric 1920
Expense: Fuel 720
Expense: Other 250
Expense: Professional Management 1800
Expense: Water/Sewer 2100
Gross Scheduled Income 28800
We are not permitted to show value estimates for this property.
  • Sep 2025
    mls logo MLS # 6918779
  • Sep 12, 2025 Sold
    $1,000,000 (+66.7%)
  • Sep 1, 2025 Listed
    $1,000,000 (+234.4%)
  • Sep 2025
    Public Records
  • Sep 12, 2025 Sold
    $600,000 (-40.0%)
  • Dec 2005
    Public Records
  • Dec 28, 2005 Sold
    $299,000
  • 1406 E Roosevelt St
    $1M
  • Garfield
    $475K -2% y/y
  • 85006
    $499K -3% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Garfield School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
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  • 1406 E Roosevelt St
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