940 E ROSE Lane Phoenix, AZ ^$ 1,050,000

940 E ROSE Lane

^$ 1,050,000

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940 E ROSE Lane

Phoenix, AZ, 85014

^$ 1,050,000

Studio Baths0.0

Monthly Estimate*

^$ 6,465

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,050,000. This home was built in 1957.

940 E Rose Ln in Phoenix, AZ (85014) is a 4-unit multifamily property located in a highly desirable, quiet residential pocket near the Biltmore area. The 1957 property (approx. 2,450 sqft) features tiled and carpeted flooring, forced air gas heating, electric cooling, and 5 total parking spaces (4 covered, 1 open), offering investors a, well-located, multi-unit opportunity. PROXIMITY TO LIFESTYLE: Nearby popular restaurants and shopping at Biltmore Fashion Park and Uptown Plaza. SCHOOLS: Located within the Madison Elementary School District (Madison Rose Lane School). INVESTMENT APPEAL: Located in a rapidly developing, desirable part of Phoenix. PLEASE DO NOT DISTURB TENANTS.

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,772

Style

Multiple Dwellings

Year Built

1957

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7031945

Features

General

Sewer Sewer-In & Connected Public Sewer

Heating See Remarks

Cooling See Remarks

Roof Composition

Zoning R1-6 Phoenix

Construction Materials Painted Block Brick Slump Block

Year Built 1957

Electric APS

Township 2N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 66360.0

Community Features See Remarks No Pool

County Maricopa

Net Operating Income 52309.0

Operating Expense 14051.0

Insurance Expense 3059.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 0.0

Subdivision Name TWIN PALMS LOTS 1 THRU 10

Garage Y/N N

Status Active

Directions From 7th Street / Bethany Home Road head North to Rose Lane. Turn Right (East) property on Left Hand (North) Side of Street.

High School North High School

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 1.0

Number Of Units Total 4

Carport Y/N N

Elementary School Madison Rose Lane School

Tax Annual Amount 2772.0

Electric Expense 0.0

Fuel Expense 0.0

Middle/Junior High School Madison #1 Elementary School

Trash Expense 0.0

Water Sewer Expense 0.0

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 Madison Elementary District

Tax Lot 10

Cap Rate 4.98

New Financing: Conventional True

Senior Community N

New Financing: Cash True

Interior

Flooring Carpet Vinyl

Air Conditioning Y/N N

Heating Y/N N

Total Baths 0

Exterior

Parking Features Detached Carport Add'l Parking Avail >1 Space Per Unit On Street

Water Source City Franchise

Total Parking 5.0

Number of Buildings 1

Spa N

Lot Dimensions 159' x 62'

Road Surface Type Asphalt

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 940

* Excluded Features

List By

Abi Multifamily

Broker

natan@natanjacobs.com

Affordability Calculator

$6,696

Per Month

Monthly Principal & Interest: $6,465
Monthly Property Taxes: $231
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,221,149

Percent of Sale Price 16%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327033 Elementary School

4897865 Middle School

North High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/28/2026	$1,050,000		Listed Price

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940 E ROSE Lane, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $1,050,000. 940 E ROSE Lane is a studio with 0.0 baths and was built in 1957. The property's zip code is 85014 which is in Phoenix, 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 5/29/2026.

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940 E ROSE Lane

Multi-Family Home for sale in Phoenix, AZ

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