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$1,625,000
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Property Description
Located just steps from one of the Valley's busiest commuter routes and adjacent to the vibrant campus of Arizona State University, Roosevelt Place (''the Property'') offers a differentiated multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades. Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU's sizable student enrollment, along with the growing concentration of young professionals driving momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance. The scarcity of comparable boutique, garden-style communities in a submarket experiencing layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.
Full Property Details
Full Property Details for 604 S Roosevelt St
General
- Sold For: $1,625,000
- HOA FEE: $11,514
- Taxes: $3,089 (2025)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6993853
- Added to Site: 172 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Built-In Electric Oven, Washer/Dryer
- Flooring: Vinyl
Parking
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Water: Master Meter
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Block
- Roof: Foam
- Year Built: 1955
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: 15, 682 sq ft.
- Frontage: Asphalt
- Zoning: R-3
Financial Considerations
- Maint. Fee/Month: $11,514
- Tax Amount: $3,089
- Tax Year: 2025
- Terms: No Carry, Conventional, 1031 Exchange
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Property ID: 124-34-009-B
- Lot Number: 23E
Listed by Marcus & Millichap
Sold by Marcus & Millichap
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Schools
Schools serving 604 S Roosevelt St
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Scales Technology Academy 1115 West 5th Street, Tempe, AZ 85281 | K-5 | 0.4 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 0.6 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 604 S Roosevelt St
Date
Details
Price
Change
Source
7/13/2026
Sold
$1,625,000
-9.47%
MLS
3/05/2026
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
604 S Roosevelt Street, Tempe, AZ 85281 (MLS# 6993853) is a Multi-Family property that was sold at $1,625,000 on July 13, 2026. Want to learn more about 604 S Roosevelt Street? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

