Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix!
Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods.
Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others.
This well-maintained property was renovated in 2023 and features three individual units:
Two units with 2 bedrooms and 1 bathroom each, and
One larger unit with 3 bedrooms and 2 bathrooms.
Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities.
Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low.
This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively.
Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
For sale
Price cut: $228.6K (6/19)
$700,000
2223 E ROOSEVELT Street, Phoenix, AZ 85006
7beds
6baths
2,550sqft
Multi Family
Built in 1952
-- sqft lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
- 83 days
- 111
- 5
Zillow last checked:
Listing updated:
Listed by:
Josiah Miller 480-290-3239,
West USA Realty
Source: ARMLS,MLS#: 7038723

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Free-Standing Range, Refrigerator, Washer/Dryer
- Laundry: W/D Hookup
Features
- Flooring: Other, Ceramic Tile
Interior area
- Total structure area: 2,550
- Total interior livable area: 2,550 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Free
- Uncovered spaces: 4
Features
- Exterior features: Sidewalk(s)
Details
- Parcel number: 11603013
- Zoning: R-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Stucco, Block
- Roof: Composition
Condition
- Year built: 1952
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: See Remarks, City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: BUMBALOW HEIGHTS BLK 1
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $470,700
- Annual tax amount: $923
- Date on market: 6/7/2026
- Cumulative days on market: 84 days
- Listing terms: Conventional,1031 Exchange
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $700,000-24.6%$275/sqft |
Source: | ||
| 6/8/2026 | Listed for sale | $928,640-22.6%$364/sqft |
Source: | ||
| 1/14/2026 | Listing removed | $1,200,000$471/sqft |
Source: | ||
| 5/6/2025 | Listed for sale | $1,200,000+54.8%$471/sqft |
Source: | ||
| 2/9/2024 | Listing removed | $775,000$304/sqft |
Source: | ||
| 6/15/2021 | Listing removed | $775,000$304/sqft |
Source: | ||
| 5/24/2021 | Listed for sale | $775,000-54.1%$304/sqft |
Source: | ||
| 8/6/2019 | Listing removed | $1,687,000$662/sqft |
Source: Distinctive Real Estate Ventur #5959388 Report a problem | ||
| 8/1/2019 | Listed for sale | $1,687,000+3489.4%$662/sqft |
Source: Distinctive Real Estate Ventur #5959388 Report a problem | ||
| 3/1/2012 | Sold | $47,000$18/sqft |
Source: | ||
| 12/2/2011 | Listed for sale | $47,000-77.5%$18/sqft |
Source: isNowListed.com Report a problem | ||
| 11/19/2010 | Sold | $208,836+260.1%$82/sqft |
Source: Public Record Report a problem | ||
| 3/5/1999 | Sold | $58,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $923 +3.9% | $47,070 -0.8% |
| 2024 | $888 +1.2% | $47,430 +665.2% |
| 2023 | $878 +4.1% | $6,198 -73.8% |
| 2022 | $844 +0% | $23,680 +13.2% |
| 2021 | $843 +0.7% | $20,910 +19.3% |
| 2020 | $837 +2.1% | $17,520 +22.4% |
| 2019 | $820 | $14,310 +12.9% |
| 2018 | $820 +4% | $12,670 +15.2% |
| 2017 | $788 +11.8% | $11,000 +28.5% |
| 2016 | $705 +8% | $8,560 +16.3% |
| 2015 | $653 | $7,360 +25.4% |
| 2014 | -- | $5,870 +74.2% |
| 2013 | -- | $3,370 -15.8% |
| 2012 | -- | $4,000 -22.8% |
| 2011 | -- | $5,180 -56.4% |
| 2010 | -- | $11,880 -34.8% |
| 2009 | -- | $18,220 -5.2% |
| 2008 | -- | $19,210 +27.2% |
| 2007 | -- | $15,100 +25.3% |
| 2006 | -- | $12,050 |
| 2005 | -- | $12,050 +83.6% |
| 2004 | -- | $6,563 |
| 2003 | -- | $6,563 +31.3% |
| 2002 | -- | $5,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central City
Nearby schools
Schools provided by the listing agent
- Elementary: Excelencia School
- Middle: Excelencia School
- High: North High School
- District: Creighton Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




