Seller's Agent in 2026
Adam Saylor
Marcus & Millichap
(480) 600-2626
1 in this area
2 Total Sales
604 S Roosevelt St Tempe, AZ 85281
Downtown Tempe Neighborhood
--
Bed
--
Bath
412
Sq Ft
1955
Built
About This Home
As of July 2026Located 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.
Last Agent to Sell the Property
Marcus & Millichap License #SA659585000 Listed on: 03/05/2026
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
- Natural Gas Not Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection, 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
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
Oct 12, 2016
Closed on
Feb 21, 2017
Sold by
Bought by
Seller's Agent
John Klocek
ABI Multifamily
Buyer's Agent
Eric Dixon
On Q Property Management
List Price
$799,000
Sold Price
$799,000
Purchase Details
Closed on
Mar 9, 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
$329,000
Interest Rate
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2004
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
$301,540
Interest Rate
5.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 13, 2001
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
$170,000
Interest Rate
7.11%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $799,000 | Commonwealth Title | |
| Special Warranty Deed | $470,000 | Lawyers Title Insurance Corp | |
| Warranty Deed | $310,000 | Lawyers Title Insurance Corp | |
| Warranty Deed | $270,000 | Chicago Title Insurance Co |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $329,000 | Commercial | |
| Previous Owner | $301,540 | Commercial | |
| Previous Owner | $170,000 | Commercial |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2026 07/13/26 | Sold | $1,625,000 | -9.5% | $3,944 / Sq Ft | |
| 03/05/2026 03/05/26 | For Sale | $1,795,000 | +124.7% | $4,357 / Sq Ft | |
| 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)
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 | $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 |
| 2015 | $2,365 | $27,080 | $5,410 | $21,670 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Saylor
-
Paul Bay
Buyer's Agent in 2026
Paul Bay
Marcus & Millichap
(480) 600-2626
2 in this area
20 Total Sales
-
John Klocek
Seller's Agent in 2017
John Klocek
ABI Multifamily
(602) 639-0088
19 Total Sales
-
Patrick Burch
Seller Co-Listing Agent in 2017
Patrick Burch
ABI Multifamily
(520) 603-1768
29 Total Sales
-
Eric Dixon
Buyer's Agent in 2017
Eric Dixon
On Q Property Management
(480) 332-7404
67 Total Sales
Map
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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