3673 S ROOSEVELT Street, Tempe, AZ 85282 (MLS# 6956838)

3673 S ROOSEVELT Street, Tempe, AZ 85282

$710,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $710,000 List Date: 12/19/2025 Last Modified: 5/05/2026

Overview

Description

Conveniently located in the heart of Tempe near ASU, this property delivers a rare and powerful investment opportunity with multiple income streams. The main home features 3 bedrooms, 2 bathrooms, and a 2 car garage, while TWO separate 2 bedroom 1 bath rental units provide dependable monthly income. You can rent all three units to maximize cash flow or live in the main home while collecting income from the rentals. Tempe's strong rental demand, large student population, and steady need for long term housing make this an exceptional investment. Sitting on a desirable corner lot with a private pool, easy freeway access, and a large park directly across the street, this property blends convenience, lifestyle, and long term profitability in one standout package.

Listing Details MLS# 6956838

Location, Tax & Legal

House Number: 3673
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4838
Country: US
County Code: Maricopa
Subdivision: LAGUNA ESTATES 2
Assessor Number: 123-45-143
Tax Year: 2025
Assessor's Map #: 45
Legal Description (Abbrev): LOT 10 LAGUNA ESTATES 2 MCR
Assessor's Parcel #: 143
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2696
Legal: LOT 10 LAGUNA ESTATES 2 MCR
Marketing Name: Laguna Estates

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 87.30 x 120.45
Year Built: 1973
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 3
Zoning: R-3R
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Carminati School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Manhatton Drive & W La Jolla Drive
Directions: From the I-10 head East on Southern to Roosevelt Road, turn left (South) and take that to W La Jolla Drive turn left (East) home is immediately on your left (Northside of road).

Status Change Info

Off Market Date: 2026-03-23
Under Contract Date: 2026-03-23
Close of Escrow Date: 2026-05-04

Legal Info

Township: 1N
Range: 4E
Section: 33
Lot Number: 10

More Information

Income Expenses

Gross Annual Sch Inc: 58800
Net Operating Income: 47604

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 2
Avg Rent: 1700
Avg SqFt: 750
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 2200
Avg SqFt: 750
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1700
Avg SqFt: 1300
# Baths: Yes

Contact Info

List Agent Cell Phn2: 480-381-7173

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Tri-Plex: Yes

Other Type

House + Rental Units: Yes

Construction

Brick: Yes

Const - Finish

Brick Veneer: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Pool Equipment: Yes

Income & Expenses

Annual Elec Exp: 2000
Annual Ins Exp: 2000
Annual Maint Exp: 2500
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11196
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 58800
Total Monthly Rental Income: 5600

Pmt & Rate Info

Cap Rate: 5.3
Equity: 899000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

Pool: Yes

Heating

Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Rain Gutters: Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Separate Storage: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Garage: Yes
Free: Yes
>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes
Attached Garage: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Other Type: House + Rental Units Construction: Brick Const - Finish: Brick Veneer Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building; Pool Equipment Community Features: Pool Exterior Amenities: Desert Landscaping; Rain Gutters; Cable TV Available; Sidewalk(s); Separate Storage Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer; W/D Hookup Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: Garage; >1 Space Per Unit; Assigned; Free; Paved; Attached Garage Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Limitless Real Estate

Last Updated: May - 05 - 2026

Broker Attribution: 480-381-7401