2223 E ROOSEVELT Street, Phoenix, AZ 85006

$700,000

Property Type: Multiple Dwellings Bedrooms: 7 Baths: 6 Status: Active

Current Price: $700,000 Last Modified: 10/26/2026

Overview

Description

Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix! Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods. Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others. This well-maintained property was renovated in 2023 and features three individual units: Two units with 2 bedrooms and 1 bathroom each, and One larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and offers a functional floor plan designed for comfortable living.

Supplements: A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex ... (Read more)

Listing Details MLS# 7038723

Location, Tax & Legal

House Number: 2223
Compass: E
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 4220
Country: US
County Code: Maricopa
Subdivision: BUMBALOW HEIGHTS BLK 1
Assessor Number: 116-03-013
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1952
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: Yes
Zoning: R-5
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Excelencia School
Jr. High School: Excelencia School
High School: North High School

Remarks Misc

Cross Street: 24TH STREET & ROOSEVELT
Directions: EAST ON ROOSEVELT ST.. PROPERTY ON THE SOUTH SIDE.

Legal Info

Township: 1N
Range: 3E
Section: 3
Block: 2
Lot Number: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1785
Avg SqFt: 800
# Baths: 2

More Information

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2863
Avg SqFt: 950
# Baths: 2

Structure

Bedrooms Total: 7
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 76776
Net Operating Income: 69062

Showing Notification Methods

Showing Service: No Showing Service Used

Property Features

Project Type: Tri-Plex Other Type: Packaged Offering Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile; Other Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s) Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; See Remarks Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Free Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: West USA Realty

Office Phone: 602-942-4200

Office Email: Duane@westusarealty.com

Last Updated: October - 26 - 2026