1005 E MORELAND Street, Phoenix, AZ 85006 (MLS# 7074894)

1005 E MORELAND Street, Phoenix, AZ 85006

$699,000

Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Active

Current Price: $699,000 Last Modified: 9/02/2026

Overview

Description

NEW FLOORING | NEW WINDOWS | REMODELED BATHROOMS | FRESH INTERIOR & EXTERIOR PAINT | GARFIELD HISTORIC DISTRICT | 3 UNITS | 2 RENTED AT MARKET RATE | HOUSE HACK OPPORTUNITY A rare opportunity in the heart of the Garfield Historic District, this three-unit property offers flexibility for both investors and owner-occupants. The main 2-bedroom, 2-bath residence is currently vacant and features new flooring, new windows, remodeled bathrooms, and fresh interior and exterior paint. Two additional casita units are currently rented at market rate, providing immediate income from day one. For an owner-occupant, this setup creates an ideal house hack opportunity. Live in the main home while collecting rent from the two existing units to help offset the monthly mortgage payment.

Supplements: Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements. For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and addit ... (Read more)

Listing Details MLS# 7074894

Location, Tax & Legal

House Number: 1005
Compass: E
Street Name: MORELAND
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2706
Country: US
County Code: Maricopa
Subdivision: BRILLS ADDITION AMD
Assessor Number: 116-28-046-0
Tax Year: 2025
Assessor's Map #: 28
Legal Description (Abbrev): BRILL E2 W2 LOTS 6 7 8 BLK 12 EX S 20' OF E2 W2 LOT 6
Assessor's Parcel #: 46
Assessor Parcel Ltr: No
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113203
Taxes: 906
Legal: BRILL E2 W2 LOTS 6 7 8 BLK 12 EX S 20' OF E2 W2 LOT 6
Marketing Name: Garfield Historic

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 130.49x48.36
Year Built: 1926
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: Phoenix Union Bioscience High School

Remarks Misc

Cross Street: 7Th St & Roosevelt
Directions: From 7th St & Roosevelt St, head east on Roosevelt St. Turn left (north) on 10th St. Turn right (east) on Moreland St. Property will be on the right at 1005 E Moreland St

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: 6

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 895
Avg SqFt: 275
# Baths: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 1295
Avg SqFt: 546
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1895
Avg SqFt: 910
# Baths: 2

Structure

Bedrooms Total: 4
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 49020
Net Operating Income: 49020

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Tri-Plex: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Concrete: Yes

Sale Includes

Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 906
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 49020

Pmt & Rate Info

Cap Rate: 7.01
Equity: 699000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Cable TV Available: Yes

Interior Features

Mini Blinds: Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

Disposal: Yes
Free-Standing Gas Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
1 Space/Unit: Yes
Off Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Other: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Concrete Sale Includes: Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available Interior Features: Mini Blinds Appliances Included: Free-Standing Gas Oven; Refrigerator; Disposal; Washer/Dryer; W/D Hookup Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street; 1 Space/Unit; Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Other Tenant Pays: Other (See Remarks) Source of Fincl Data: Owner; Books Shwn Accpt Ofr Lockbox Type: Supra New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: eXp Realty

Last Updated: September - 02 - 2026