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$1,176,000
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Property Description
1249 & 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.
Full Property Details
Full Property Details for 1249 W Pierce St
General
- Sold For: $1,176,000
- Taxes: $1,404 (2025)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6955650
- Added to Site: 162 day(s) ago
Interior
- Appliances: Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer
- Flooring: Vinyl
Parking
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
- Township: 1N
- Subdivision: UNIVERSITY ADDITION
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Individual
- Heating Type: Individual, Electric
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame, Stucco
- Roof: Composition
- Year Built: 1986
Lot Features
- Lot Dimensions: 13350 sqft
- Frontage: Asphalt
- Zoning: R-5
Financial Considerations
- Tax Amount: $1,404
- Tax Year: 2025
- Terms: Conventional
- Owner Pays: Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Legal Description: UNIVERSITY ADDITION MCR 1/7 LOT 12 BLK L
- Property ID: 111-27-148-F
- Range: 3E
- Section: 6
- Lot Number: 12
Listed by ABI Multifamily
Sold by ABI Multifamily
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Schools
Schools serving 1249 W Pierce St
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Kenilworth Elementary School 1210 North 5th Avenue, Phoenix, AZ 85003 | PK-8 | 0.7 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1249 W Pierce St
Date
Details
Price
Change
Source
5/12/2026
Sold
$1,176,000
-11.25%
MLS
12/16/2025
Price Reduced
$1,325,000
-1.85%
MLS
12/08/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1249 W Pierce Street, Phoenix, AZ 85007 (MLS# 6955650) is a Multi-Family property that was sold at $1,176,000 on May 12, 2026. Want to learn more about 1249 W Pierce Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

