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Townhome Development with Undeveloped Lots
For Sale
$1,817,000
Pending

323 South Roosevelt Street Unit 1001, Tempe, AZ 85281

Incomplete development includes four constructed townhomes and six undeveloped lots sold in bulk only.

Property SizeContact for details
Days on Market213

Property Features for 323 South Roosevelt Street Unit 1001

General Information

Standard status Pending
Property subtype Multiple Dwellings
Zoning R3

Additional Details

Opportunity Zone Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,108

Amenities

Electric
Carpet
Yes
0.0
Tile
Other
4
Wood Frame, Painted, Stucco, Block

Building Details

Year Built 2010
Listing Agency: RE/MAX Excalibur
Listed By: Jay Haugen · License #SA019949000
Source: Compass
Added: Jan 20 Changed: Aug 14 Last Checked: Aug 14 at 7:57AM

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 RE/MAX Excalibur

Investment Insights

Based on property information with market context.

This offering represents an incomplete development with four townhomes constructed. Each townhome is described as having three bedrooms, four bathrooms, and two garages. The layout notes include two shared closets for bedrooms, and the configuration is provided for the constructed units.

In addition to the four built townhomes, the property includes six undeveloped lots. The transaction is bulk sale only with no individual sales. The listing references an opportunity zone designation and provides associated APN information for the parcels included in the offering.

Key Highlights

  • Incomplete development with 4 constructed townhomes and 6 undeveloped lots (bulk sale only; no individual sales).
  • Total of 4 units in the constructed portion; 4 buildings.
  • Year built: 2010.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,239
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Incomplete development includes four constructed townhomes and six undeveloped lots sold in bulk only.
Where is this quadplex located?
The property is located at 323 South Roosevelt Street Unit 1001 Tempe, AZ.
What is the asking price?
The asking price for this property is $1,817,000.
What are key features of this property?
This property features: Incomplete development with 4 constructed townhomes and 6 undeveloped lots (bulk sale only; no individual sales).; Total of 4 units in the constructed portion; 4 buildings.; Year built: 2010.
More about this property
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