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314 W ROOSEVELT Street Phoenix, AZ $ 2,875,000
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314 W ROOSEVELT Street
$ 2,875,000
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314 W ROOSEVELT Street

Phoenix, AZ, 85003
$ 2,875,000
Baths0.0

Monthly Estimate*

$ 17,702

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,875,000. This home was built in 1924.

314 West Roosevelt Street is a 12-unit apartment community on a rare half-acre double lot that offers expansion potential under DTC-S-ROO zoning. Situated in the heart of Roosevelt Row and located within Phoenix's first-ever historic district, this is one of the earliest apartment buildings in Phoenix. Built in 1913 and fully modernized in the mid-1990s (all new; plumbing/sewer, electrical, roof trusses & structural improvements) full blueprints are available. The property features (12) 1-Bed / 1-Bath units (~650 SF Avg), on-site laundry, ample parking, and a community terrace. Residents are sure to appreciate being in Downtown Phoenix's premier arts, dining, and culture corridor. The property provides immediate access to the light-rail & I-10. Drive By Only, Do Not Disturb Tenants!

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Multi-Family Active

Price

$ 2,875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,456

Style

Multiple Dwellings

Year Built

1924

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7007952
Features
General
Sewer Public Sewer
Heating Individual Central Heat Pump
Cooling Central Air Individual
Roof Composition
Zoning DTC-S-ROO
Construction Materials Painted Stucco Block Brick
Year Built 1924
Electric APS
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 205183.2
Community Features No Pool
County Maricopa
Net Operating Income 147893.0
Operating Expense 8456.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name KENILWORTH BLKS 7-14
Garage Y/N N
Status Active
City Phoenix
Disclosures Other (See Remarks)
High School District Phoenix Union High School District
Open Parking Spaces 20.0
Number Of Units Total 12
Carport Y/N N
Tax Annual Amount 8456.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 7 2
Cap Rate 5.14
Senior Community N
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Interior
Flooring Wood
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved Add'l Parking Avail >1 Space Per Unit On Street
Water Source City Franchise
Total Parking 20.0
Number of Buildings 1
Spa N
Lot Dimensions 149ft x 146ft
Road Surface Type Concrete Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 314
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* Excluded Features
List By
Abi Multifamily

Broker

carson.griesemer@abimultifamily.com

Email

Affordability Calculator

$18,407
Per Month
96%
4%
0%
Monthly Principal & Interest
$17,702
Monthly Property Taxes
$705
Monthly Home Insurance
--
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
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/2/2026$2,875,000 Listed Price

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314 W ROOSEVELT Street, Phoenix, AZ, 85003 is a Multi-Family Home for sale at $2,875,000. 314 W ROOSEVELT Street is a studio with 0.0 baths and was built in 1924. The property's zip code is 85003 which is in Phoenix, AZ

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