Residential Redevelopment Land
For Sale
$350,000
1025 East Roosevelt Street, Phoenix, AZ 85006
Zoned R-5 Multiple Family Residence with alley access and an existing structure, offering redevelopment potential subject to approval.
Property Size6,875 SF
Lot Size0.16 Acres
Price / SF$50.91
Days on Market139
Property Features for 1025 East Roosevelt Street
General Information
Standard status
Active
Size
6,875 SF
Lot size
0.16 Acres
Property subtype
Land
Zoning
R-5
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$615
Listing Agency:
ABI Multifamily
(602) 714-1297
Listed By:
Thomas Palestina · License #SA688331000
(602) 714-1297
Source:
Compass
Added: Apr 6
Changed: Aug 8
Last Checked: Apr 7 at 8:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ABI Multifamily
Investment Insights
Based on property information with market context.
This residential redevelopment land site is located in the Garfield Historic District and is zoned R-5 Multiple Family Residence. The property includes a 6,875 SF lot with an existing 714 SF structure and alley access, creating a straightforward foundation for multi-unit redevelopment. The seller notes that the property may be capable of supporting construction of up to 6–8 attached units, subject to City of Phoenix approval.
Seller financing is available with a minimum 25–30% down payment, competitive rate, and flexible terms.
The site is situated blocks from Roosevelt Row, Chase Field, Banner University Medical Center, and the Phoenix Convention Center, with convenient access to I-10 and SR-51. Additional nearby destinations include Downtown Phoenix, ASU Downtown Campus, and the Arizona Science Center.
Seller financing is available with a minimum 25–30% down payment, competitive rate, and flexible terms.
The site is situated blocks from Roosevelt Row, Chase Field, Banner University Medical Center, and the Phoenix Convention Center, with convenient access to I-10 and SR-51. Additional nearby destinations include Downtown Phoenix, ASU Downtown Campus, and the Arizona Science Center.
Key Highlights
- Seller financing available with minimum 25–30% down and flexible terms
- Zoned R‑5 Multiple Family Residence in the Garfield Historic District
- 6,875 SF lot with an existing 714 SF structure and alley access
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-5 Multiple Family Residence with alley access and an existing structure, offering redevelopment potential subject to approval.
Where is this residential land & home lot located?
The property is located at 1025 East Roosevelt Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Seller financing available with minimum 25–30% down and flexible terms; Zoned R‑5 Multiple Family Residence in the Garfield Historic District; 6,875 SF lot with an existing 714 SF structure and alley access
