Sale includes 917 & 921 N 8th St. 8th & Roosevelt consists of a historic home and additional land for development, located in the heart of the Garfield Historic District. The property sits on approximately a half-acre (gross) of land that is zoned R-5. The seller has a site plan to add (11) 1-bedroom units and (2) 2-bedroom units along with amenity space between the new units and the existing historic home. This would be a perfect small apartment community or short-term rental building in a ''Melrose Place'' type setting in downtown Phoenix. This is a fantastic, bite-sized opportunity for the seasoned investor or a local creative / artistic developer who wants to do a unique, fun project in the heart of one of the busiest, most dynamic, and eclectic areas in the entire Valley. 8th & Roosevelt is an awesome value-add / development opportunity in the heart of Downtown Phoenix. The property is located just east of 7th Street right off of Roosevelt in the heart of the gentrifying Garfield Historic District. Roosevelt and 7th Street is the east entrance to the happening Roosevelt Row district in the epicenter of Downtown Phoenix. It is minutes to the stadium district and a short bike ride / walk to the downtown ASU campus, Phoenix Burton Barr Library, and the Phoenix Art Museum. It is also minutes to Margaret T. Hance Park, which is the location of hundreds of activities including the McDowell Mountain Music Festival and many weekend food / craft festivals throughout the year. It is approximately a half mile to the I-10 Freeway to allow quick and easy access to all parts of the valley. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, 8th & Roosevelt Redevelopment Opportunity will prove to be a great place for residents to live as well as will be a very attractive parcel for a future class-A redevelopment in an A location. Phoenix is consistently on every national list for net influx of people and jobs, and the downtown area is expected to continue to explode with huge job growth in many different sectors; with Arizona State University's downtown campus rapidly expanding (already over 11,000 students and rapidly growing); with massive amounts of biotech investment and development in the area (the new Creighton University is approximately 2 miles away in midtown; the Phoenix Biomedical HUB is a couple blocks away; the stadium district is minutes away; the warehouse district is exploding around the corner to the south; and more). Opportunities like 8th & Roosevelt are rare and offer an investor a great value-add opportunity in one of the most active and desirable areas in the country.
Property Details
Property Features
Property Information:
Year Built: 1906
Stories: 1
Living Area: 1,465 SqFt
Listing Office:
Office Name: ABI Multifamily
Office Phone: (602) 714-1400
Listing Agent: John Klocek, Patrick Burch
Interior Features
Interior Information:
Fireplace: Other (See Remarks)
Bedroom and Bathroom Information:
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.41 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Other
School Info
Assigned Schools Information:
Phoenix Union Bioscience High School, Public District Grades 9-12
North High School, Public District Grades 9-12
Franklin Police and Fire High School, Public District Grades 9-12
Ralph Waldo Emerson Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: East on Roosevelt, South on 8th Street to Property on East side of street.
Price Information
Listing Price Info
Price Summary:
List Price: $1,100,000
Price Per SqFt: $751/SqFt
Tax Information:
Annual Amount: $880
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Ralph Waldo Emerson Elementary School
915 E Palm Ln
Distance between this listing and this school0.74 miles
Public District Grades PK-6
High School
10
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school0.26 miles
Public District Grades 9-12
3
/10
North High School
1101 E Thomas Rd
Distance between this listing and this school1.54 miles
Public District Grades 9-12
6
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school1.89 miles
Public District Grades 9-12
Assigned Schools
2
/10
Ralph Waldo Emerson Elementary School
915 E Palm Ln
Distance between this listing and this school0.74 miles
Public District Grades PK-6
Nearby Schools
2
/10
Wilson Primary School
415 N 30th St
Distance between this listing and this school2.68 miles
Public District Grades KG-3
4
/10
Madison Camelview Elementary School
2002 E Campbell Ave
Distance between this listing and this school3.44 miles
Public District Grades PK-4
Nearby Schools
2
/10
Garfield School
811 N 13th St
Distance between this listing and this school0.59 miles
Public District Grades PK-8
8
/10
Faith North Elementary School
910 E Washington St
Distance between this listing and this school0.64 miles
Public District Grades PK-8
4
/10
Kenilworth Elementary School
1210 N 5th Ave
Distance between this listing and this school1.06 miles
Public District Grades PK-8
Assigned Schools
10
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school0.26 miles
Public District Grades 9-12
3
/10
North High School
1101 E Thomas Rd
Distance between this listing and this school1.54 miles
Public District Grades 9-12
6
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school1.89 miles
The neighbors living near this home have an average income of $19,789. The majority of Phoenix, AZ residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 917 N 8th St
What is the listing price of this property?
The listing price of 917 N 8th St property is $1,100,000.
What type of property is this?
The property 917 N 8th St is a house located in Phoenix, Arizona, 85006.
Is this property for sale now?
Active Listing: 917 N 8th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 917 N 8th St are: Ralph Waldo Emerson Elementary School: GreatSchools Rating 2/10Phoenix Union Bioscience High School: GreatSchools Rating 10/10North High School: GreatSchools Rating 3/10Franklin Police and Fire High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $880 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 15, 2020 for $375,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 917 N 8th St has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 917 N 8th St is 1,465 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 917 N 8th St is 1906.
This home is located at 917 N 8th St in Phoenix, AZ and zip code 85006 in the Central City neighborhood. This 1,465 square foot home, which was built in 1906, sits on a 0.41 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $1,100,000.
While more than 250 listings in Phoenix, AZ in October 2024 were sold above asking price, there were more than 344 listings sold at asking price, and more than 697 were sold below. The number of listings in Phoenix, AZ increased by 7.5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $450,977, while the average time on the real estate market was 62 days.
From Rocket Homes Real Estate and based on county public records data.