MLS# 6982836 – 2608 W Pierson Street, Phoenix, AZ 85017

Price: $799,900
Units: 4
Property Type: Multiple Dwellings
Status: Active Under Contract
Year Built: 1961
Neighborhood: Altro Terrace
Days on Website: 80

Courtesy of Get Multifamily

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.

Open House

Property Details and Features

  • Appliances & Equipment
  • "Free-Standing Range"
  • "Refrigerator"
  • "Microwave"
  • Building
  • Built in 1961
  • Construction materials: "Painted", "Block"
  • 4 total units
  • Cooling
  • "Central Air"
  • "Heat Pump"
  • Expenses
  • Electric: $868
  • Fuel: $368
  • Insurance: $3,000
  • Maintenance: $2,000
  • Water sewer: $2,522
  • Floors
  • "Vinyl"
  • Heating
  • "Electric"
  • Listing
  • Listing ID: 6982836
  • Standard status: Active Under Contract
  • 77 days on market
  • Location
  • Subdivision name: ALTRO TERRACE
  • Parking
  • "<1 Space Per Unit"
  • "On Street"
  • 8 total parkings
  • Property
  • Zoning: R-3
  • Roof
  • "Composition"
  • Schools
  • High school district: Phoenix Union High School District
  • Sewer
  • "Public Sewer"
  • Taxes
  • Annual amount: $2,025
  • Lot: 17
  • Utilities
  • "SRP"

Property Map

$799,900 - 2608 W Pierson Street, Phoenix, AZ 85017

Street View

Nearby Schools

Request More Information

Schedule a Showing

Similar Properties Nearby

This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.