1249 W PIERCE Street, Phoenix, AZ 85007 (MLS# 6955650)

1249 W PIERCE Street, Phoenix, AZ 85007

$1,325,000

Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)

Current Price: $1,325,000 Last Modified: 12/29/2025

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.

More Information MLS# 6955650

Contract Info

Ownership: Fee Simple Current Price: $1,325,000 List Price: $1,325,000 Status: UCB (Under Contract-Backups) 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 - 29 - 2025