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

2608 W PIERSON Street, Phoenix, AZ 85017

$799,900

Property Type: Multiple Dwellings Status: Active

Current Price: $799,900 Last Modified: 2/18/2026

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: $1,467-$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.

More Information MLS# 6982836

Contract Info

Ownership: Fee Simple Current Price: $799,900 List Price: $799,900 Status: Active List Date: 2026-02-11

Location, Tax & Legal

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 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

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 4 Lot Size Dimensions: 62.45 X 131.27 Total # of Units: 4 Elementary School District: Alhambra Elementary District High School District: Phoenix Union High School District Year Built: 1961 Zoning: R-3

Legal Info

Range: 2E Section: 24 Township: 2N Lot Number: 17

Project Type

Tri-Plex: 1 Four Plex: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1 Personal Property: 1

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

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Central Air: 1 Heat Pump: 1

Tenant Pays

Electricity: 1 Other (See Remarks): 1

Appliances Included

Microwave: 1 Refrigerator: 1 Free-Standing Range: 1

Road Surface Type

Gravel: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1 <1 Space Per Unit: 1

Electric

SRP: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Electric: 1 Trash Collection: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 Owner May Carry: 1 Wraparound: 1

Existing 1st Loan

Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

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

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.507902 Geo Lon: -112.115228

Income Expenses

Gross Annual Sch Inc: 72168 Net Operating Income: 52977

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

Last Updated: February - 18 - 2026