604 S Roosevelt St Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $9,495/month
About This Home
Located just steps from one of the Valley's busiest commuter routes and adjacent to the vibrant
campus of Arizona State University, Roosevelt Place (''the Property'') offers a differentiated
multifamily opportunity highlighted by its refreshed exterior and high-end interior upgrades.
Delivered in 1955, the asset is ideally situated to capture sustained demand generated by ASU's
sizable student enrollment, along with the growing concentration of young professionals driving
momentum in North Tempe and around Tempe Town Lake, each within a short one-mile distance.
The scarcity of comparable boutique, garden-style communities in a submarket experiencing
layered growth dynamics positions Roosevelt Place as a highly attractive acquisition prospect.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,089
Year Built
- Built in 1955
Home Design
- Foam Roof
- Block Exterior
Parking
- 7 Open Parking Spaces
- 16 Parking Spaces
- 9 Covered Spaces
Utilities
- Cooling Available
- Heating Available
- Master Water Meter
Listing and Financial Details
- The owner pays for electricity, landscaping
- Tax Lot 23E
- Assessor Parcel Number 124-34-009-B
Community Details
Overview
- 9 Units
- Building Dimensions are 15,682 sq ft.
Building Details
- Operating Expense $39,461
- Gross Income $126,229
- Net Operating Income $85,799
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $3,089 | $25,775 | -- | -- |
| 2024 | $2,853 | $24,548 | -- | -- |
| 2023 | $2,853 | $119,050 | $23,810 | $95,240 |
| 2022 | $2,736 | $90,810 | $18,160 | $72,650 |
| 2021 | $2,755 | $78,530 | $15,700 | $62,830 |
| 2020 | $2,671 | $63,880 | $12,770 | $51,110 |
| 2019 | $2,621 | $51,330 | $10,260 | $41,070 |
| 2018 | $2,556 | $33,670 | $6,730 | $26,940 |
| 2017 | $2,480 | $29,000 | $5,800 | $23,200 |
| 2016 | $2,462 | $26,170 | $5,230 | $20,940 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $1,795,000 | +124.7% | -- | |
| 02/23/2017 02/23/17 | Sold | $799,000 | 0.0% | $1,939 / Sq Ft | View Prior Sale |
| 01/25/2017 01/25/17 | Pending | -- | -- | -- | |
| 10/12/2016 10/12/16 | For Sale | $799,000 | -- | $1,939 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6993853
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
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Ask me questions while you tour the home.