$1,625,000
$1,795,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
604 S Roosevelt Street Tempe, AZ 85281
Key Details
Sold Price $1,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6993853
Sold Date 07/13/26
Maintenance Fees $11,514
Year Built 1955
Annual Tax Amount $3,089
Tax Year 2025
Lot Dimensions 15,682 sq ft.
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-3
Interior
Heating Electric
Cooling Electric
Flooring Vinyl
Appliance Dishwasher, Refrigerator, Built-In Electric Oven, Washer/Dryer
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Foam
Private Pool No
Building
Sewer Public Sewer
Water Master Meter
New Construction No
Others
Senior Community No
Tax ID 124-34-009-B
Acceptable Financing No Carry, Conventional, 1031 Exchange
Disclosures None
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Conventional
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Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Marcus & Millichap