Date
Details
Price
Change
Source
9/12/2025
Sold
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$1,000,000
Property Description
The Roosevelt Apartments is a 7-unit multifamily community located at 1402 & 1406 E Roosevelt St. Originally constructed in 1949 and 1964, the asset sits in a high rental demand area to the east of Downtown Phoenix and near the end of Roosevelt Row. 1402 &1406 E Roosevelt features a favorable mix of one- and two-bedroom units that have been well-maintained and updated throughout the 20 years of current ownership. Additionally, the property sits across two separate parcels, allowing for flexible financing or the opportunity to sell them as an individual triplex and fourplex in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.
Full Property Details
Full Property Details for 1406 E Roosevelt
General
- Sold For: $1,000,000
- HOA FEE: $1,600
- Taxes: $1,236 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6918779
- Added to Site: 125 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Parking
- Parking Features: 1 Space/Unit
Location
- County: Maricopa
- Township: 1N
- Subdivision: LA TOURRETTE PLACE
- Cross Streets: 14th street and roosevelt
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Brick
- Roof: Composition
- Year Built: 1964
Unit Information
- Vacancy %: 5
Lot Features
- Lot Dimensions: IRR
- Frontage: Asphalt
Financial Considerations
- Maint. Fee/Month: $1,600
- Tax Amount: $1,236
- Tax Year: 2024
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: LA TOURRETTE PL MCR 23/20 LOT 22 BLK 3
- Property ID: 116-56-074-D
- Range: 3E
- Section: 4
- Lot Number: 22
Listed and Sold by Matthews Real Estate Investment Services
Listing agent
— 1406 E Roosevelt —
Matthews Real Estate Investment Services
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1406 E Roosevelt
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Garfield School 811 North 13th Street, Phoenix, AZ 85006 | PK-8 | 0.2 mi |
North High School 1101 East Thomas Road, Phoenix, AZ 85014 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1406 E Roosevelt
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- Apartment
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
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1406 E Roosevelt, Phoenix, AZ 85006 (MLS# 6918779) is a Multi-Family property that was sold at $1,000,000 on September 12, 2025. Want to learn more about 1406 E Roosevelt? Do you have questions about finding other Multi-Family real estate for sale in Central City? You can browse all Central City real estate or contact a Coldwell Banker agent to request more information.