2608 W PIERSON Street, Phoenix, AZ 85017
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2608 W PIERSON Street, Phoenix, AZ 85017
2608 W PIERSON Street, Phoenix, AZ 85017
2608 W PIERSON Street, Phoenix, AZ 85017
2608 W PIERSON Street, Phoenix, AZ 85017

$799,000

Est. payment /mo

$799,900

0.1%
Est.Price: ?

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2608 W PIERSON Street Phoenix, AZ 85017

SOLD DATE : 05/18/2026

Key Details

Sold Price $799,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Altro Terrace

MLS Listing ID 6982836

Sold Date 05/18/26

Maintenance Fees $2,000

Year Built 1961

Annual Tax Amount $2,025

Tax Year 1506

Lot Dimensions 62.45 X 131.27

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Four at Pierson | W Pierson Street | Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix.
This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure.
All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow... in a prime university adjacent location.

Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk.
Investment Highlights:
(3 out of the 4 units are extensively remodeled) Fourplex
Four 1BR / 1BA units
Strong in-place rents: $1,467-$1,590 per unit
Sewer lines recently replaced
Prime proximity to GCU, parks, retail, and major freeways
Professionally managed (Home Inc)
Seller Financing Opportunity:
Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers.
All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.

Location

State AZ

County Maricopa

Community Altro Terrace

Area Maricopa

Zoning R-3

Interior

Heating Electric

Cooling Central Air, Heat Pump

Flooring Vinyl

Appliance Free-Standing Range, Refrigerator, Microwave

Exterior

Parking Features <1 Space Per Unit, On Street

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 154-04-017-A

Acceptable Financing Owner May Carry, Conventional, FHA, VA Loan, Wraparound

Disclosures None

Listing Terms Owner May Carry, Conventional, FHA, VA Loan, Wraparound

Financing Other

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Arizona Regional MLS (ARMLS)
Listed by Get Multifamily • Sophia J Willets
Bought with Get Multifamily

Nearby Locations

Embarc Realty

Embarc Realty

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