$2,875,000
Phoenix, AZ 85003
MLS# 7007952
1 / 25
Property Description
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!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,875,000
List Price: $2,875,000
Status: Active
List Date: 2026-04-02
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 7 2 KENILWORTH BLKS 7-14 MCR 000839
Assessor's Parcel #: 26
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113000
Taxes: 8456
Legal: LOT 7 2 KENILWORTH BLKS 7-14 MCR 000839
Marketing Name: 314 W Roosevelt Street
House Number: 314
Compass: W
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1423
County Code: Maricopa
Subdivision: KENILWORTH BLKS 7-14
Assessor Number: 111-32-026
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 20
Lot Size Dimensions: 149ft x 146ft
Flood Zone: No
Total # of Units: 12
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1924
Zoning: DTC-S-ROO
Legal Info
Range: 3E
Section: 5
Township: 1N
Lot Number: 7 2
Project Type
5 - 12 Units: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8456
Other Income: 10200
Vacancy Allowance: 0.06
Adjusted Gross Inc: 205183.2
Pmt & Rate Info
Cap Rate: 5.14
Equity: 2875000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Patio/Balcony: 1
Interior Features
Basement: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 12
Avg Rent: 1068
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.458955
Geo Lon: -112.078443
Income Expenses
Gross Annual Sch Inc: 208080
Net Operating Income: 147893
Property Features
Project Type: 5 - 12 Units
Construction: Block; Brick
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Patio/Balcony
Interior Features: Basement
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Other
Heating: Individual; Central; Heat Pump
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; Individual Meter
Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Paved
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: April - 02 - 2026
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