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2608 W PIERSON Street Phoenix, AZ ^$ 799,900

2608 W PIERSON Street

^$ 799,900

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2608 W PIERSON Street

Phoenix, AZ, 85017

^$ 799,900

Studio Baths0.0

Monthly Estimate*

^$ 4,925

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $799,900. This home was built in 1961.

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.

Multi-Family Active

Price

^$ 799,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,025

Style

Multiple Dwellings

Year Built

1961

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6982836

Features

General

Sewer Public Sewer

Heating Electric

Cooling Central Air Heat Pump

Roof Composition

Zoning R-3

Construction Materials Painted Block

Year Built 1961

Electric SRP

Township 2N

Tax Year 1506

Ownership Fee Simple Fee Simple

Gross Income 68559.6

Community Features No Pool

County Maricopa

Net Operating Income 52977.0

Operating Expense 15582.0

Insurance Expense 3000.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

MaintenanceExpense 2000.0

Subdivision Name ALTRO TERRACE

Garage Y/N N

Status Active

City Phoenix

Disclosures None

High School District Phoenix Union High School District

Open Parking Spaces 4.0

Number Of Units Total 4

Carport Y/N N

Tax Annual Amount 2025.0

Electric Expense 868.0

Fuel Expense 368.0

Water Sewer Expense 2522.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Alhambra Elementary District

Tax Lot 17

Cap Rate 6.62

New Financing: Conventional True

Senior Community N

New Financing: FHA True

New Financing: Cash True

New Financing: VA True

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features <1 Space Per Unit On Street

Water Source City Franchise

Total Parking 8.0

Number of Buildings 1

Spa N

Lot Dimensions 62.45 X 131.27

Road Surface Type Gravel

Covered Spaces 4.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 2608

* Excluded Features

List By

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Broker

sophia@gracecre.com

Affordability Calculator

$5,094

Per Month

Monthly Principal & Interest: $4,925
Monthly Property Taxes: $169
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,290,579

Percent of Sale Price 61%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/11/2026	$799,900		Listed Price

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2608 W PIERSON Street, Phoenix, AZ, 85017 is a Multi-Family Home for sale at $799,900. 2608 W PIERSON Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 85017 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/21/2026.

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2608 W PIERSON Street

Multi-Family Home for sale in Phoenix, AZ

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