$2,875,000
Phoenix, AZ 85003
MLS# 7007952
12 beds | 12 baths
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
Contract Info
Current Price: $2,875,000
List Price: $2,875,000
Status: Active
List Date: 2026-04-02
Ownership: Fee Simple
Location, Tax & Legal
House Number: 314
Compass: W
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1423
Country: US
County Code: Maricopa
Subdivision: KENILWORTH BLKS 7-14
Assessor Number: 111-32-026
Tax Year: 2025
General Property Description
Lot Size Dimensions: 149ft x 146ft
Year Built: 1924
Uncvrd Parking Spcs: 20
Total # of Units: 12
# of Buildings: 1
Zoning: DTC-S-ROO
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 7 2
1 Bedroom Units
# 1 Bedroom Units: 12
Avg Rent: 1068
Avg SqFt: 650
# Baths: 1
Structure
Bedrooms Total: 12
Bathrooms Total: 12
Showing Notification Methods
Showing Service: No Showing Service Used
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
Office Phone: 602-714-1400
Last Updated: October - 29 - 2026
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