604 S Roosevelt Street, Tempe, AZ 85281
- $1,625,000
- Sold Price
- $1,625,000
- List Price
- $1,795,000
- Closing Date
- Jul 13, 2026
- Days on Market
- 138
- Status
- CLOSED
- MLS#
- 6993853
- City
- Tempe
- Year Built
- 1955
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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Additional Information
- Community Features
- No Pool
- Construction
- Block, Painted
- Cooling
- Electric
- Electric
- SRP
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Foam
- Taxes
- $3,089
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 9
- Water
- Master Meter
- Zoning
- R-3
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Listing courtesy of Marcus & Millichap. Selling Office: Marcus & Millichap.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.