1249 W Pierce St Phoenix, AZ 85007
Central City NeighborhoodEstimated payment $7,198/month
Highlights
- Central Air
- Vinyl Flooring
- Individual Controls for Heating
- Phoenix Coding Academy Rated A
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,404
Year Built
- Built in 1986
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Vinyl Flooring
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
- Over 1 Space Per Unit
Utilities
- Central Air
- Individual Controls for Heating
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 111-27-148-F
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 13350 sqft
- University Addition Subdivision
Building Details
- Operating Expense $1,404
- Net Operating Income $82,514
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,404 | $9,881 | -- | -- |
| 2024 | $1,309 | $9,411 | -- | -- |
| 2023 | $1,309 | $54,860 | $10,970 | $43,890 |
| 2022 | $1,262 | $38,020 | $7,600 | $30,420 |
| 2021 | $1,253 | $30,800 | $6,160 | $24,640 |
| 2020 | $1,267 | $29,380 | $5,870 | $23,510 |
| 2019 | $1,265 | $25,120 | $5,020 | $20,100 |
| 2018 | $1,244 | $19,320 | $3,860 | $15,460 |
| 2017 | $1,214 | $18,570 | $3,710 | $14,860 |
| 2016 | $1,180 | $17,150 | $3,430 | $13,720 |
| 2015 | $1,092 | $10,760 | $2,150 | $8,610 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $1,350,000 | +372.0% | -- | |
| 07/24/2017 07/24/17 | Sold | $286,000 | -4.3% | $95 / Sq Ft | View Prior Sale |
| 06/12/2017 06/12/17 | Pending | -- | -- | -- | |
| 06/04/2017 06/04/17 | Price Changed | $299,000 | -3.5% | $99 / Sq Ft | |
| 05/08/2017 05/08/17 | For Sale | $310,000 | 0.0% | $103 / Sq Ft | |
| 04/28/2017 04/28/17 | Pending | -- | -- | -- | |
| 04/01/2017 04/01/17 | For Sale | $310,000 | -- | $103 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $286,000 | Premier Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $270,000 | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | Equity Title Agency Inc | |
| Warranty Deed | -- | Fidelity National Title | |
| Warranty Deed | $208,000 | Fidelity National Title | |
| Interfamily Deed Transfer | $154,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $112,500 | Security Title Agency | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $214,500 | New Conventional | |
| Previous Owner | $176,000 | Purchase Money Mortgage | |
| Previous Owner | $176,000 | Purchase Money Mortgage | |
| Previous Owner | $236,000 | New Conventional | |
| Previous Owner | $156,000 | New Conventional | |
| Previous Owner | $115,500 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6955650
APN: 111-27-148F
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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