$1,325,000
Phoenix, AZ 85007
MLS# 6955650
1 / 16
Property Description
1249 & 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,325,000
List Price: $1,325,000
Status: Active
List Date: 2025-12-08
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): UNIVERSITY ADDITION MCR 1/7 LOT 12 BLK L
Assessor's Parcel #: 148
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 1404
Legal: UNIVERSITY ADDITION MCR 1/7 LOT 12 BLK L
Marketing Name: 1249 & 1253 W Pierce St
House Number: 1249
Compass: W
Street Name: PIERCE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2374
County Code: Maricopa
Subdivision: UNIVERSITY ADDITION
Assessor Number: 111-27-148-F
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 16
Lot Size Dimensions: 13350 sqft
Flood Zone: No
Total # of Units: 8
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1986
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Lot Number: 12
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1404
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 6.11
Equity: 1350000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Email: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1285
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 1545
Avg SqFt: 800
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.455737
Geo Lon: -112.090282
Income Expenses
Net Operating Income: 82514
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: Other
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: ABI Multifamily
Last Updated: December - 16 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
