314 W ROOSEVELT Street, Phoenix, AZ 85003 (MLS# 7007952)

314 W ROOSEVELT Street, Phoenix, AZ 85003

$2,875,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,875,000 Last Modified: 6/12/2026

Overview

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!

Listing Details MLS# 7007952

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
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 149ft x 146ft
Year Built: 1924
Uncvrd Parking Spcs: 20
Total # of Units: 12
# of Buildings: Yes
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

Income Expenses

Gross Annual Sch Inc: 208080
Net Operating Income: 147893

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 12
Avg Rent: 1068
Avg SqFt: 650
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Block: Yes
Brick: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Wood: Yes

Sale Includes

Land & Building: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Individual: Yes
Central: Yes

Cooling

Central Air: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Patio/Balcony: Yes

Interior Features

Basement: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Other: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: June - 12 - 2026