Ruben Luna
eXp Realty
(623) 323-9793
2,280 Total Sales
2 in Garfield
$450K - $700K Price Range
1406 E Roosevelt St Phoenix, AZ 85006
Garfield NeighborhoodEstimated Value: $812,667
Studio
--
Bath
2,048
Sq Ft
$397/Sq Ft
Est. Value
Highlights
- Cooling Available
- Carpet
- Heat Pump System
About This Home
As of September 2025The Roosevelt Apartments is a 7-unit multifamily community located at 1402 & 1406 E Roosevelt St. Originally constructed in 1949 and 1964, the asset sits in a high rental demand area to the east of Downtown Phoenix and near the end of Roosevelt Row. 1402 &1406 E Roosevelt features a favorable mix of one- and two-bedroom units that have been well-maintained and updated throughout the 20 years of current ownership. Additionally, the property sits across two separate parcels, allowing for flexible financing or the opportunity to sell them as an individual triplex and fourplex in the future. This is a unique opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside.
Last Agent to Sell the Property
Matthews Real Estate Investment Services License #SA692958000 Listed on: 09/01/2025
Last Buyer's Agent
Matthews Real Estate Investment Services License #SA692958000 Listed on: 09/01/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,236
Year Built
- Built in 1964
Lot Details
- Additional Parcels
Home Design
- Brick Exterior Construction
- Composition Roof
Flooring
- Carpet
- Vinyl
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
- Separate Meters
Listing and Financial Details
- The owner pays for gas, electricity, trash collection, water, sewer
- Tax Lot 22
- Assessor Parcel Number 116-56-074-D
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- La Tourrette Place Subdivision
Building Details
- Operating Expense $10,646
- Gross Income $120,600
- Net Operating Income $17,736
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2025
Closed on
Sep 17, 2025
Sold by
Bought by
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$1,000,000
Sold Price
$1,000,000
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,333
Avg. Annual Appreciation
-21.00%
Original Mortgage
$450,000
Outstanding Balance
$446,413
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$366,254
Purchase Details
Listed on
Sep 1, 2025
Closed on
Sep 10, 2025
Sold by
Bought by
Seller's Agent
Brad Skenderian
Matthews Real Estate Investment Services
Buyer's Agent
Brad Skenderian
Matthews Real Estate Investment Services
List Price
$1,000,000
Sold Price
$1,000,000
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$446,413
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$366,254
Purchase Details
Closed on
Mar 16, 2006
Sold by
Bought by
Purchase Details
Closed on
Dec 21, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Garfield, AZ
-
Ruben Luna
-
Sheila DeVault
Sheila DeVault
HomeSmart
(623) 401-0737
38 Total Sales
1 in Garfield
$479,900 Price
-
Itzel Zimmer
Itzel Zimmer
HomeSmart
(623) 632-0911
157 Total Sales
1 in Garfield
$535,000 Price
-
Sean O'Carroll
Sean O'Carroll
Citiea
(888) 597-5034
194 Total Sales
3 in Garfield
$480K - $555K Price Range
-
Nicholas Yale
Nicholas Yale
Responds QuicklyBrokers Hub Realty, LLC
(888) 568-1365
170 Total Sales
13 in Garfield
$250K - $385K Price Range
-
Lee Fisher
Lee Fisher
L.A. Fisher Real Estate Investment Company
(855) 945-4243
45 Total Sales
1 in Garfield
$380,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Accommodation/Courtesy Recordi | ||
| $600,000 | Commonwealth Land Title | ||
| -- | None Available | ||
| $299,000 | Arizona Title Agency Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $450,000 | ||
| Previous Owner | $239,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $1,000,000 | 0.0% | $488 / Sq Ft |
| 09/01/2025 09/01/25 | Pending | -- | -- | -- |
| 09/01/2025 09/01/25 | For Sale | $1,000,000 | -- | $488 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,313 | $9,245 | ||
| 2024 | $1,224 | $8,804 | ||
| 2023 | $1,224 | $37,170 | $7,430 | $29,740 |
| 2022 | $1,181 | $26,350 | $5,270 | $21,080 |
| 2021 | $1,172 | $22,670 | $4,530 | $18,140 |
| 2020 | $1,185 | $21,320 | $4,260 | $17,060 |
| 2019 | $1,184 | $15,580 | $3,110 | $12,470 |
| 2018 | $1,163 | $13,870 | $2,770 | $11,100 |
| 2017 | $1,136 | $13,500 | $2,700 | $10,800 |
| 2016 | $1,104 | $10,320 | $2,060 | $8,260 |
| 2015 | $1,021 | $8,510 | $1,700 | $6,810 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Skenderian
Seller's Agent in 2025
Brad Skenderian
Matthews Real Estate Investment Services
(949) 533-5594
2 in this area
20 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6918779
APN: 116-56-074D
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
Nearby Homes
- 1405 E Roosevelt St
- 1425 E Roosevelt St
- 1416 E Pierce St
- 1525 E Mckinley St Unit 5
- 1210 E Garfield St
- 1338 E Fillmore St
- 790 N 16th St Unit 10
- 1318 E Culver St
- 1237 E Pierce St
- 1449 E Fillmore St
- 1514 E Fillmore St
- 1009 E Taylor St Unit 13,14,15
- 2145 E Taylor St Unit 11
- 1624 E Portland St
- 1435 E Taylor St
- 377 N 15th St
- 1341 E Brill St
- 1433 E Brill St
- 1344 E Polk St Unit A
- 1344 E Polk St Unit B
- 1410 E Roosevelt St
- 1402 E Roosevelt St
- 1414 E Roosevelt St
- 1405 E Diamond St
- 1418 E Roosevelt St
- 1409 E Diamond St
- 1401 E Diamond St
- 1413 E Diamond St
- 1008 N 14th St
- 1344 E Roosevelt St
- 1012 N 14th St
- 1422 E Roosevelt St
- 1346 E Roosevelt St
- 1417 E Diamond St
- 1401 E Roosevelt St
- 1413 E Roosevelt St
- 1014 N 14th St
- 1405 E Roosevelt St Unit 1
- 1405 E Roosevelt St Unit 3
- 1405 E Roosevelt St
Your Personal Tour Guide
Ask me questions while you tour the home.