1005 E MORELAND Street, Phoenix, AZ 85006

$675,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Active
Current Price: $675,000 Last Modified: 10/08/2026

Overview

Description

Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods.

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 ...

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

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

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
IDX
Listing Office: eXp Realty
Office Phone: 480-420-4455
Office Email: AZ.broker@exprealty.net
Last Updated: October - 08 - 2026
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