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12-Unit Apartment Building

314 W Roosevelt Street, Phoenix, AZ 85003

For Sale
$2,875,000

A half-acre site in Roosevelt Row includes laundry, resident parking, and a shared terrace.

Property SizeContact for details
Lot Size0.50 Acres
Days on Market12

Property Features for 314 W Roosevelt Street

General Information

Standard status Active
Lot size 0.50 Acres
Property subtype Multi Family Home
Zoning DTC-S-ROO

Site & Location

Neighborhood Central City
Highway Access Yes
Public Transit Yes

Units

Unit Mix 12 x 1BR/1BA
Multifamily Units 12

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $8,456

Amenities

on-site laundry
community terrace

Building Details

Year Built 1924
Buildings 1
Units 12
Listing Agency: ABI Multifamily
Listed By: Carson P Griesemer · License AZ SA686764000
Source: Omnihomesinternational
Added: Oct 30 Changed: Nov 7 Last Checked: Nov 9 at 12:11PM

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

Rey
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Investment Insights

Based on property information with market context.

This 12-unit apartment property occupies a half-acre double lot and includes one-bedroom, one-bathroom residences averaging approximately 650 SF. On-site amenities include laundry, parking, and a community terrace. Plumbing and sewer, electrical systems, roof trusses, and structural elements were improved in the mid-1990s; blueprints are available. The property is zoned DTC-S-ROO, and the site offers expansion potential under that designation.

Located on West Roosevelt Street in Phoenix’s Roosevelt Row arts and dining district, the property is within the city’s first historic district. Light rail and I-10 are accessible from the property.

Key Highlights

  • 12 one‑bedroom, one‑bathroom units averaging approximately 650 SF
  • Half‑acre double lot zoned DTC‑S‑ROO
  • On‑site laundry, parking, and community terrace

Property Analytics

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Lease Details

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,676
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
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Market

Properties on Market for Apartment buildings in Phoenix

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A half-acre site in Roosevelt Row includes laundry, resident parking, and a shared terrace.
Where is this apartment building located?
The property is located at 314 W Roosevelt Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: 12 one‑bedroom, one‑bathroom units averaging approximately 650 SF; Half‑acre double lot zoned DTC‑S‑ROO; On‑site laundry, parking, and community terrace
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