Courtesy of Marcus & Millichap
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.
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Property Details and Features
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Appliances & Equipment
- “Dishwasher”
- “Refrigerator”
- “Built-In Electric Oven”
- “Washer/Dryer”
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Building
- Built in 1955
- Construction materials: “Painted”, “Block”
- 9 total units
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Cooling
- “Electric”
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Expenses
- Electric: $6,099
- Insurance: $3,500
- Maintenance: $11,514
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Floors
- “Vinyl”
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Heating
- “Electric”
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Listing
- Listing ID: 6993853
- Standard status: Active
- 86 days on market
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Parking
- “>1 Space Per Unit”
- 16 total parkings
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Property
- Zoning: R-3
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Roof
- “Foam”
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $3,089
- Lot: 23E
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Utilities
- “SRP”
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This content last updated on May 30, 2026 9:29AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.