1249 W Pierce Street, Phoenix, AZ 85007
- $1,176,000
- Sold Price
- $1,176,000
- List Price
- $1,325,000
- Closing Date
- May 12, 2026
- Days on Market
- 155
- Status
- CLOSED
- MLS#
- 6955650
- City
- Phoenix
- Subdivision
- University Addition
- Year Built
- 1986
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.
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Additional Information
- Community Features
- Other
- Construction
- Wood Frame, Stucco
- Cooling
- Central Air, Electric, Varies by Unit
- Electric
- Individual Meter
- Heating
- Electric, Varies by Unit
- New Financing
- Conventional, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition
- Subdivision
- University Addition
- Taxes
- $1,404
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 8
- Water
- City Franchise
- Zoning
- R-5
Courtesy of ABI Multifamily. 602-714-1400 Selling Office: ABI Multifamily.
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