2608 W PIERSON Street, Phoenix, AZ 85017 (MLS# 6982836)

2608 W PIERSON Street, Phoenix, AZ 85017

$799,900
Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)
Current Price: $799,900 Last Modified: 4/10/2026

Overview

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...

Supplements: 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: $1,4 ...

Listing Details MLS# 6982836

Location, Tax & Legal

House Number
2608
Compass
W
Street Name
PIERSON
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85017
Zip4
3681
County Code
Maricopa
Subdivision
ALTRO TERRACE
Assessor Number
154-04-017-A
Tax Year
1506
Assessor's Map #
4
Legal Description (Abbrev)
LOT 17 ALTRO TERRACE MCR 005235
Assessor's Parcel #
17
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
109001
Taxes
2025
Legal
ALTRO TERRACE LOT 17 & W 2.50' OF LOT 18
Marketing Name
Four at Pierson

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
62.45 X 131.27
Year Built
1961
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District

Legal Info

Township
2N
Range
2E
Section
24
Lot Number
17

Income Expenses

Gross Annual Sch Inc
72168
Net Operating Income
52977

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1488
Avg SqFt
575
# Baths
Yes

Project Type

Tri-Plex
Yes
Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
868
Annual Gas Exp
368
Annual Ins Exp
3000
Annual Maint Exp
2000
Annual Mgmt Exp
4799
Annual Wtr/Swr Exp
2522
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
15582
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
68559.6

Pmt & Rate Info

Cap Rate
6.62
Equity
799900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Tenant Pays

Electricity
Yes
Other (See Remarks)
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Gravel
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
Owner May Carry
Yes
Wraparound
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex; Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Personal Property Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Microwave Cooling: Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; <1 Space Per Unit Road Surface Type: Gravel Owner Pays: Water; Electric; Trash Collection Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional; Owner May Carry; Wraparound Environmental: None
Listing Office: Get Multifamily
IDX
Last Updated: April - 10 - 2026
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