2223 E ROOSEVELT Street, Phoenix, AZ, 85006
About This Home
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.
Getting Around
Car-Dependent
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1952
Materials
- Roof: Composition
- Construction materials: Painted,Stucco,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Refrigerator,Washer/Dryer
- Laundry features: W/D Hookup
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
Features
- Flooring: Other,Ceramic Tile
Heating & Cooling
- Heating features: Electric
- Cooling features: Ceiling Fan(s),Electric
Interior Area
- Total structure area: 2,550
- Total interior livable area: 2,550 sqft
Property
Details
- Parcel number: 11603013
- Zoning: R-5
Features
- Exterior features: Sidewalk(s)
Lot
- Lot size dimensions: IRR
Parking
- Total spaces: 4
- Parking features: Free
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Hail
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Maricopa County and Arizona
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,539 | $42,468 |
| Home Insurance | $217 | $2,604 |
| Property Taxes | $983 | $11,796 |
| Electricity | $270 | $3,240 |
| Total | $5,009 | $60,108 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-19 | Price change | $700,000 |
| 2026-06-08 | Listed for sale | $928,640 |
| 2026-01-14 | Listing removed | $1,200,000 |
| 2025-05-06 | Listed for sale | $1,200,000 |
| 2024-02-09 | Listing removed | $775,000 |
| 2021-06-15 | Listing removed | $775,000 |
| 2021-05-24 | Listed for sale | $775,000 |
| 2019-08-06 | Listing removed | $1,687,000 |
| 2019-08-01 | Listed for sale | $1,687,000 |
| 2012-03-01 | Sold | $47,000 |
| 2011-12-02 | Listed for sale | $47,000 |
| 2010-11-19 | Sold | $208,836 |
| 1999-03-05 | Sold | $58,000 |
View on Zillow