Two-Unit Duplex with On-Site
802 West Roosevelt Street Phoenix, AZ 85007
For Sale
$495,000
Pending
Built in 1930, the duplex offers two 2-bed, 1-bath units with on-site laundry on an R-5 zoned lot.
Property Size1,500 SF
Lot Size0.21 Acres
Days on Market11
Property Features for 802 West Roosevelt Street
General Information
- Standard status
- Pending
- Size
- 1,500 SF
- Lot size
- 0.21 Acres
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1930
Listing Agency:
ABI Multifamily
(602) 714-1353
Listed By:
Colin Kreager · License #SA693849000
(602) 714-1353
Source:
Compass
Added: Jul 13
Changed: Jul 21
Last Checked: Jul 23 at 10:27AM
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.
Built in 1930, 802 W Roosevelt St is a two-unit duplex featuring two well-maintained 2-bed, 1-bath residences. Each unit is approximately 750 square feet, and the property includes on-site laundry for added day-to-day convenience.
Located right off the Roosevelt Row Arts District in Central Phoenix’s Triangle District, the property is described as highly walkable and in a revitalized area. The remarks note proximity to Downtown Phoenix, Roosevelt Row, ASU Downtown, and easy access to the I-10 & I-17 freeways.
The duplex sits on a 0.205-acre R-5 zoned lot. It is presented as suitable for an owner-occupant, short- or mid-term rental operator, or traditional multifamily use, depending on the purchaser’s objectives.
Located right off the Roosevelt Row Arts District in Central Phoenix’s Triangle District, the property is described as highly walkable and in a revitalized area. The remarks note proximity to Downtown Phoenix, Roosevelt Row, ASU Downtown, and easy access to the I-10 & I-17 freeways.
The duplex sits on a 0.205-acre R-5 zoned lot. It is presented as suitable for an owner-occupant, short- or mid-term rental operator, or traditional multifamily use, depending on the purchaser’s objectives.
Key Highlights
- Built in 1930 duplex in Central Phoenix with 2 total units
- Two 2‑bed, 1‑bath units, each approximately 750 SF
- R‑5 zoned 0.205‑acre lot with future upside potential
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $19.80 |
| − Vacancy | −$1.6k | −$1.09 |
| EGI | $28.1k | $18.71 |
| − OpEx | −$8.4k | −$5.61 |
| NOI | $19.6k | $13.10 |
1,500 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,495 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$454.4K
$397.6K – $530.1K
NOI $31,805 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 1930, the duplex offers two 2-bed, 1-bath units with on-site laundry on an R-5 zoned lot.
Where is this duplex located?
The property is located at 802 West Roosevelt Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Built in 1930 duplex in Central Phoenix with 2 total units; Two 2‑bed, 1‑bath units, each approximately 750 SF; R‑5 zoned 0.205‑acre lot with future upside potential
