NOT LISTED FOR SALE

Estimated Value: $1,078,000 - $1,321,000

10 Beds
-- Bath
3,008 Sq Ft
$397/Sq Ft Est. Value

Sale Details

Date Sold: May 12, 2026

Last sale price $1,176,000 $391 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,667 / mo

92 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Bryce Neagle

ABI Multifamily License #SA692871000 Listed on: 12/08/2025

Co-Listed By

Mitchell Drake

ABI Multifamily License #SA675761000

Last Buyer's Agent

Mitchell Drake

ABI Multifamily License #SA675761000

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, trash collection, landscaping
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1986

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: UNIVERSITY ADDITION
  • Tax Parcel Letter: F
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Central Air, Electric, Individual
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter
  • Sale Includes:Sale Includes: Land & Building, Laundry Equipment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Microwave, Washer/Dryer, Built-In Electric Oven

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • Parking Features:Parking Features: >1 Space Per Unit

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air, Electric, Varies by Unit
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 13350 sqft
  • Additional Parcels: No
  • Parcel #: 111-27-148-F

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 8
  • Property Net Operating Income: 82514.0
  • Annual Operating Expense: 1404.0

Tax Info

  • Tax Annual Amount: 1404.0
  • Tax Book Number: 111.0
  • Tax Lot: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2025
Closed on
May 8, 2026
Sold by
Bought by
Seller's Agent
Bryce Neagle
ABI Multifamily
Buyer's Agent
Mitchell Drake
ABI Multifamily
List Price
$1,325,000
Sold Price
$1,176,000
Premium/Discount to List
-$149,000
-11.25%
Views
35
Current Estimated Value
$1,194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,000
Avg. Annual Appreciation
5.38%

Purchase Details

Closed on
Jun 25, 2018
Sold by
Bought by

Purchase Details

Listed on
Apr 1, 2017
Closed on
Jun 28, 2017
Sold by
Bought by
Seller's Agent
Humberto Felix
Set in Stone Realty & Property Mgmt
Buyer's Agent
Humberto Felix
Set in Stone Realty & Property Mgmt
List Price
$310,000
Sold Price
$286,000
Premium/Discount to List
-$24,000
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.02%
Original Mortgage
$214,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 1998
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 1998
Sold by
Bought by

Purchase Details

Closed on
May 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Central City, AZ

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,176,000 Premier Title Agency
-- None Available
$286,000 Premier Title Agency
$270,000 Equity Title Agency Inc
-- None Available
-- Equity Title Agency Inc
-- Fidelity National Title
$208,000 Fidelity National Title
$154,000 Capital Title Agency Inc
-- Security Title Agency
$112,500 Security Title Agency
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $214,500
Previous Owner $176,000
Previous Owner $176,000
Previous Owner $236,000
Previous Owner $156,000
Previous Owner $115,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2026 05/12/26 Sold $1,176,000 -11.2% $391 / Sq Ft
01/02/2026 01/02/26 Off Market $1,325,000 -- --
12/29/2025 12/29/25 For Sale $1,325,000 0.0% $440 / Sq Ft
12/16/2025 12/16/25 Price Changed $1,325,000 -1.9% $440 / Sq Ft
12/08/2025 12/08/25 For Sale $1,350,000 +372.0% $449 / Sq Ft
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
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6955650

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-148F

Your Personal Tour Guide

Ask me questions while you tour the home.