604 S Roosevelt Street Tempe, AZ ^$ 1,795,000

604 S Roosevelt Street

^$ 1,795,000

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Recently Listed

604 S Roosevelt Street

Tempe, AZ, 85281

^$ 1,795,000

Studio Baths0.0

Monthly Estimate*

^$ 11,052

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604 S Roosevelt Street, Tempe, AZ 85281 - Image 9

604 S Roosevelt Street, Tempe, AZ 85281 - Image 10

604 S Roosevelt Street, Tempe, AZ 85281 - Image 11

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Studio

Multi-Family Home for sale in Tempe, AZ

for $1,795,000. This home was built in 1955.

Located just steps from one of the Valley's busiest commuter routes and adjacent to the vibrant campus of Arizona State University, Roosevelt Place (''the Property'') offers a differentiated multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades. Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU's sizable student enrollment, along with the growing concentration of young professionals driving momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance. The scarcity of comparable boutique, garden-style communities in a submarket experiencing layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.

Multi-Family Active

Price

^$ 1,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,089

Style

Multiple Dwellings

Year Built

1955

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6993853

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric

Roof Foam

Zoning R-3

Construction Materials Painted Block

Year Built 1955

Electric SRP

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 126229.35

Community Features No Pool

County Maricopa

Net Operating Income 85799.0

Operating Expense 39461.0

Insurance Expense 3500.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 11514.0

Garage Y/N N

Status Active

City Tempe

Disclosures None

Open Parking Spaces 7.0

Number Of Units Total 9

Carport Y/N N

Tax Annual Amount 3089.0

Electric Expense 6099.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 23E

Cap Rate 4.78

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source Master Meter

Total Parking 16.0

Number of Buildings 1

Spa N

Lot Dimensions 15 682 sq ft.

Road Surface Type Asphalt

Covered Spaces 9.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 604

* Excluded Features

List By

Marcus & Millichap

Broker

adam.saylor@marcusmillichap.com

Affordability Calculator

$11,310

Per Month

Monthly Principal & Interest: $11,052
Monthly Property Taxes: $257
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tempe, AZ

Average List Price ^$1,210,140

Percent of Sale Price 33%

About Tempe, AZ

178,468 Population

13% Since 2002

^$52,533 Median Income

31.86 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2026	$1,795,000		Listed Price

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604 S Roosevelt Street, Tempe, AZ, 85281 is a Multi-Family Home for sale at $1,795,000. 604 S Roosevelt Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 85281 which is in Tempe, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 3/7/2026.

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604 S Roosevelt Street

Multi-Family Home for sale in Tempe, AZ

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