2608 W Pierson St Phoenix, AZ 85017
Alhambra NeighborhoodEstimated payment $4,764/month
Total Views
2,851
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Central Air
- Vinyl Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
2608 W Pierson St is a renovated 4-unit multifamily community located in Phoenix, AZ. Originally built in 1961, the property sits just minutes from Grand Canyon University and consists of (4) remodeled 1-bedroom units. Previous renovations completed in 2023 include new landscaping and fencing, exterior paint, windows, stainless steel appliances, vinyl flooring, and white shaker cabinetry. Future ownership will have the opportunity to acquire a well-performing asset requiring minimal ongoing maintenance costs.
Situated within close proximity to Grand Canyon University, one of Phoenix's largest private universities with over 100,000 students (online + on-campus), 2608 W Pierson benefits from strong rental demand driven by students, faculty, and young professionals.
Listing Agent
Matthews Real Estate Investment Services License #SA692958000 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,368
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Flooring
- Vinyl Flooring
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- On-Street Parking
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 154-04-017-A
Community Details
Overview
- 4 Units
- Building Dimensions are 62.45 X 131.27
- Altro Terrace Subdivision
Building Details
- Operating Expense $8,126
- Gross Income $73,008
- Net Operating Income $51,422
Map
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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 | $1,368 | $9,523 | -- | -- |
| 2024 | $1,374 | $9,069 | -- | -- |
| 2023 | $1,374 | $27,210 | $5,440 | $21,770 |
| 2022 | $1,353 | $22,060 | $4,410 | $17,650 |
| 2021 | $1,366 | $22,050 | $4,410 | $17,640 |
| 2020 | $1,313 | $19,170 | $3,830 | $15,340 |
| 2019 | $1,297 | $15,980 | $3,190 | $12,790 |
| 2018 | $1,197 | $12,960 | $2,590 | $10,370 |
| 2017 | $1,182 | $14,060 | $2,810 | $11,250 |
| 2016 | $1,132 | $11,020 | $2,200 | $8,820 |
| 2015 | $1,072 | $8,820 | $1,760 | $7,060 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | For Sale | $860,000 | +7.5% | -- |
| 02/15/2024 02/15/24 | Sold | $799,900 | 0.0% | $344 / Sq Ft |
| 01/29/2024 01/29/24 | For Sale | $799,900 | 0.0% | $344 / Sq Ft |
| 01/24/2024 01/24/24 | Pending | -- | -- | -- |
| 01/23/2024 01/23/24 | For Sale | $799,900 | +2185.4% | $344 / Sq Ft |
| 02/16/2012 02/16/12 | Sold | $35,000 | 0.0% | $15 / Sq Ft |
| 05/16/2011 05/16/11 | Pending | -- | -- | -- |
| 05/16/2011 05/16/11 | For Sale | $35,000 | -- | $15 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $808,000 | Title Services Of The Valley | |
| Warranty Deed | $565,000 | Driggs Title Agency | |
| Warranty Deed | $565,000 | Driggs Title Agency | |
| Warranty Deed | $440,000 | Premier Title Agency | |
| Cash Sale Deed | $35,000 | Accommodation | |
| Quit Claim Deed | -- | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $297,000 | Capital Title Agency Inc | |
| Warranty Deed | $188,700 | Capital Title Agency Inc | |
| Warranty Deed | $131,875 | Arizona Title Agency Inc | |
| Warranty Deed | $112,500 | Capital Title Agency | |
| Warranty Deed | $79,000 | United Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $767,600 | New Conventional | |
| Closed | $682,500 | Credit Line Revolving | |
| Previous Owner | $480,000 | New Conventional | |
| Previous Owner | $480,000 | New Conventional | |
| Previous Owner | $407,700 | New Conventional | |
| Previous Owner | $29,700 | New Conventional | |
| Previous Owner | $132,090 | New Conventional | |
| Previous Owner | $136,800 | Unknown | |
| Previous Owner | $105,500 | New Conventional | |
| Previous Owner | $106,850 | Seller Take Back | |
| Closed | $5,625 | No Value Available | |
| Closed | $26,350 | No Value Available | |
| Closed | $47,175 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6886804
APN: 154-04-017A
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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