314 W ROOSEVELT Street, Phoenix, AZ 85003 (MLS# 7007952)

314 W ROOSEVELT Street, Phoenix, AZ 85003

$2,875,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,875,000 Last Modified: 4/02/2026

Description

314 West Roosevelt Street is a 12-unit apartment community on a rare half-acre double lot that offers expansion potential under DTC-S-ROO zoning. Situated in the heart of Roosevelt Row and located within Phoenix's first-ever historic district, this is one of the earliest apartment buildings in Phoenix. Built in 1913 and fully modernized in the mid-1990s (all new; plumbing/sewer, electrical, roof trusses & structural improvements) full blueprints are available. The property features (12) 1-Bed / 1-Bath units (~650 SF Avg), on-site laundry, ample parking, and a community terrace. Residents are sure to appreciate being in Downtown Phoenix's premier arts, dining, and culture corridor. The property provides immediate access to the light-rail & I-10. Drive By Only, Do Not Disturb Tenants!

More Information MLS# 7007952

Contract Info

Ownership: Fee Simple Current Price: $2,875,000 List Price: $2,875,000 Status: Active List Date: 2026-04-02

Location, Tax & Legal

Assessor's Map #: 32 Legal Description (Abbrev): LOT 7 2 KENILWORTH BLKS 7-14 MCR 000839 Assessor's Parcel #: 26 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113000 Taxes: 8456 Legal: LOT 7 2 KENILWORTH BLKS 7-14 MCR 000839 Marketing Name: 314 W Roosevelt Street House Number: 314 Compass: W Street Name: ROOSEVELT St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 1423 County Code: Maricopa Subdivision: KENILWORTH BLKS 7-14 Assessor Number: 111-32-026 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 20 Lot Size Dimensions: 149ft x 146ft Flood Zone: No Total # of Units: 12 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Year Built: 1924 Zoning: DTC-S-ROO

Legal Info

Range: 3E Section: 5 Township: 1N Lot Number: 7 2

Project Type

5 - 12 Units: 1

Construction

Block: 1 Brick: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Wood: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 8456 Other Income: 10200 Vacancy Allowance: 0.06 Adjusted Gross Inc: 205183.2

Pmt & Rate Info

Cap Rate: 5.14 Equity: 2875000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Heat Pump: 1 Individual: 1 Central: 1

Cooling

Central Air: 1 Individual: 1

Exterior Amenities

Landscape Water System: 1 Patio/Balcony: 1

Interior Features

Basement: 1

Tenant Pays

Gas: 1 Electricity: 1

Appliances Included

Dishwasher: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Other: 1

Road Surface Type

Asphalt: 1 Concrete: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1 >1 Space Per Unit: 1 Paved: 1 Add'l Parking Avail: 1

Electric

APS: 1

Gas

SW Gas: 1 Individual Meter: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Other (See Remarks): 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 12 Avg Rent: 1068 Avg SqFt: 650 # Baths: 1

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.458955 Geo Lon: -112.078443

Income Expenses

Gross Annual Sch Inc: 208080 Net Operating Income: 147893

Property Features

Project Type: 5 - 12 Units Construction: Block; Brick Const - Finish: Painted; Stucco Roofing: Composition Floors: Wood Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Patio/Balcony Interior Features: Basement Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Other Heating: Individual; Central; Heat Pump Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas; Individual Meter Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: ABI Multifamily

Last Updated: April - 02 - 2026