The 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.
Sold for $1,000,000
$1,000,000
1406 E ROOSEVELT Street, Phoenix, AZ 85006
5beds
2baths
2,430sqft
Multi Family
Built in 1964
-- sqft lot
$595,200 Zestimate®
$412/sqft
$2,191 Estimated rent
Home value
$595,200
$542,000 - $655,000
$2,191/mo
Zestimate® history
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$5,700/mo
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Zillow last checked:
Listing updated:
Listed by:
Bradley Skenderian 949-533-5594,
Matthews Real Estate Investment Services
Bought with:
Bradley Skenderian, SA692958000
Matthews Real Estate Investment Services
Source: ARMLS,MLS#: 6918779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Electric
Cooling
- Heat Pump
Appliances
- Included: Free-Standing Range
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 2,430
- Total interior livable area: 2,430 sqft
Property
Parking
- Total spaces: 4
- Parking features: 1 Space/Unit
- Uncovered spaces: 4
Details
- Parcel number: 11656074D
- Zoning: 0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1964
Utilities & green energy
- Electric: Individual Meter
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: LA TOURRETTE PLACE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $525,500
- Annual tax amount: $1,236
- Date on market: 11/13/2025
- Listing terms: Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $1,000,000+213.5%$412/sqft |
Source:  ARMLS #6918779 Report a problem | ||
| 11/20/2005 | Sold | $319,000$131/sqft |
Source: ARMLS #2364130 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,313 +6.2% | $52,550 +0.5% |
| 2024 | $1,236 +1% | $52,310 +523.9% |
| 2023 | $1,224 +3.7% | $8,385 -68.2% |
| 2022 | $1,181 -0.4% | $26,350 +16.2% |
| 2021 | $1,185 +0.2% | $22,670 +6.3% |
| 2020 | $1,184 +1.7% | $21,320 +36.8% |
| 2019 | $1,163 | $15,580 +12.3% |
| 2018 | $1,163 +2.4% | $13,870 +2.7% |
| 2017 | $1,136 +11.3% | $13,500 +30.8% |
| 2016 | $1,021 +0.6% | $10,320 +21.3% |
| 2015 | $1,015 | $8,510 +17.9% |
| 2014 | -- | $7,220 +50.4% |
| 2013 | -- | $4,800 +4.8% |
| 2012 | -- | $4,580 |
| 2011 | -- | $4,580 -57.7% |
| 2010 | -- | $10,820 -35.2% |
| 2009 | -- | $16,710 -4.6% |
| 2008 | -- | $17,520 +26.5% |
| 2007 | -- | $13,850 |
Find assessor info on the county website
Neighborhood: Central City
Nearby homes
- $1,0951 bd1 ba540 sqft1406 E Roosevelt St #6, Phoenix, AZ 85006For Rent
- $331,600-- bd1 ba1k sqft1410 E Roosevelt St, Phoenix, AZ 85006Off Market
- $400,000-- bd-- ba2.4k sqft1402 E Roosevelt St, Phoenix, AZ 85006Sold
- $--2 bd1 ba656 sqft1402 E Roosevelt St APT 2, Phoenix, AZ 85006Off Market
- $--2 bd1 ba656 sqft1402 E Roosevelt St #1, Phoenix, AZ 85006Off Market
- $1,2502 bd1 ba736 sqft1402 E Roosevelt St #3, Phoenix, AZ 85006For Rent
- $474,0003 bd2 ba1.3k sqft1414 E Roosevelt St, Phoenix, AZ 85006Off Market
- $371,0003 bd1 ba1.1k sqft1405 E Diamond St, Phoenix, AZ 85006Off Market
Nearby schools
GreatSchools rating
- 6/10Garfield SchoolGrades: PK-8Distance: 0.2 mi
- 2/10North High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: Phoenix Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$595,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$595,200
- Arizona
- Maricopa County
- Phoenix
- 85006
- Central City
- 1406 E ROOSEVELT Street
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