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    2223 E Roosevelt St Phoenix, AZ 85006

    For Sale
    $1,200,000

    MULTI_FAMILY - Phoenix, AZ

    Days on Market:
    67
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 2223 E Roosevelt St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-5
    APN
    116-03-013
    Appliances
    Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s)

    Building Details

    Year built
    1952
    Number of units
    3
    Flooring type
    Tile - Ceramic
    Building materials
    Painted, Stucco, Block
    Roof type
    Composition

    West USA Realty (602) 942-4200 [email protected]

    Listing agent Josiah Miller (480) 290-3239

    Listing date Oct 1, 2025

    MLS# 6859452 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Triplex Investment Opportunity

    Three at Bumbalow is a triplex located in central Phoenix. The property was renovated in 2023 and features three individual units. There are two units with 2 bedrooms and 1 bathroom each, and one larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and a functional floor plan. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale. The property is currently self-managed. The units are currently rented at $2,863, $1,584, and $1,985 per month, respectively. A side yard adds outdoor space and potential for further enhancements. The property is located near downtown, major freeways, and light rail access. It is located in a rapidly developing neighborhood. The property is suitable for investors seeking rental income or owner-occupants looking to live in one unit while renting out the others. It is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. It offers flexibility, stability, and upside in a prime Central Phoenix location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Limon Pool Tile Tile Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.033574
    Latitude
    33.458354

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    FAQs

    What type of property is this?
    Triplex - Recently upgraded triplex in Central Phoenix, ideal for investors.
    Where is this triplex located?
    The property is located at 2223 E Roosevelt St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Income-producing triplex in a prime Central Phoenix location.; - Recently renovated in 2023, featuring three individual units with private entrances.; - Strong rental income potential with current rents totaling $6,432 per month.
    (480) 290-3239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2223 E Roosevelt St Phoenix, AZ 85006
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