1509 West Pierce Street

Phoenix, AZ 85007

$770,000
Price
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Description

4-Plex investment opportunity in the heart of the Oakland Historic District of Downtown Phoenix. Property consists of two 2 story buildings set to the back of the property with parking lot right off the street. All 4 units are identical 2 bed, 1 bath, 642 sq ft with washer and dryer's. 1 of the 4 units just went through a full renovation in 2023. All units have sub metered water and is billed back to tenants. Only expense is city sewer and trash. Grand Ave corridor has many local shops, restaurants,...4-Plex investment opportunity in the heart of the Oakland Historic District of Downtown Phoenix. Property consists of two 2 story buildings set to the back of the property with parking lot right off the street. All 4 units are identical 2 bed, 1 bath, 642 sq ft with washer and dryer's. 1 of the 4 units just went through a full renovation in 2023. All units have sub metered water and is billed back to tenants. Only expense is city sewer and trash. Grand Ave corridor has many local shops, restaurants, cafes, brewery, etc. within a block of property. Priced $50/ft or $50K/unit below recently sold renovated complex in neighborhood.
  1. Listed by Todd Morris • RETSY
    P: (707)-407-7679 C: (707)-407-7679 Todd@RETSY.com

Property Details for 1509 West Pierce Street

Subdivision Name
WEST LAWN
View YN
No
Zoning
R-5
LISTING UPDATED: 12/30/2024 10:30 AM

Property Details for 1509 West Pierce Street

StatusActive
MLS #6750467
Days on Market248
Taxes$1,148 / year
HOA Fees-
Condo/Co-op Fees$2,997 / month
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1983
Lot Size0.15 AC / 6,350 SF
CountyMaricopa County

Virtual Tour

Building Information for 1509 West Pierce Street

Stories-Residences4Year Built1983Building Size-Lot Size0.15 AC / 6,350 SF

Property Information for 1509 West Pierce Street

Summary
Location and General Information
  • Unparsed Address: 1509 W Pierce Street, Phoenix, AZ 85007
  • City: Phoenix
  • Coordinates: -112.091787, 33.455638
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: 15th Ave/Roosevelt, 19th Ave/Van Buren
  • Directions: Take 7th St exit off the I-10. Head south on 7th St, take a right on Roosevelt, take left on 15th Ave, right on Pierce, and 4plex is 3rd property on the left.
  • Latitude: 33.455638
  • Longitude: -112.091787
  • Postal City: Phoenix
  • Postal Code: 85007
  • Postal Code Plus4: 2255
  • State Or Province: AZ
  • Street Suffix: Street
  • Year Built: 1,983
Taxes and HOA
  • Tax Annual Amount: $1,148.00
  • Tax Block: A
  • Tax Book Number: 111.00
  • Tax Legal Description: WEST LAWN
  • Tax Lot: 22
  • Tax Year: 2,023
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 8
  • Open Parking YN: Yes
  • Parking Features: Paved Parking, Free, >1 Space Per Unit, Street Parking
  • Parking Total: 8
School Information
  • Elementary School: Capitol Elementary School
  • Elementary School District: Phoenix Elementary District
  • High School: Central High School
  • High School District: Phoenix Union High School District
  • Middle Or Junior School: Capitol Elementary School
Virtual Tour
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 50 X 127
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Disclosures: None, Seller Prop Disc Stm
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 11125163
  • Property Type: Multiple Dwellings
  • Public Survey Range: 3E
  • Public Survey Section: 6
  • Public Survey Township: 1N
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Utilities
  • Electric: APS, Individual Meter
  • Electric Expense: $.00
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Trash Expense: $1,680.00
  • Water Sewer Expense: $387.00
  • Water Source: City Franchise, Submetered System
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Painted, Stucco, Frame - Wood
  • Number Of Buildings: 2
  • Number Of Units Total: 4
  • Roof: Composition
Interior Features
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Integer: 0
  • Cooling: Central A/C, Heat Pump, Electric, Ceiling Fan(s)
  • Cooling YN: Yes
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Heating: Central, Heat Pump, Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gardner Expense: $600.00
  • Gross Income: $46,278.00
  • Gross Scheduled Income: $51,420.00
  • Insurance Expense: $2,500.00
  • Maintenance Expense: $2,997.00
  • Net Operating Income: $36,367.00
  • Operating Expense: $14,134.00
  • Other Expense: $.00
  • Professional Management Expense: $4,322.00
Rental
Rent Information
  • Tenant Pays: Electricity, Water, Cable TV

Property History for 1509 West Pierce Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1509 West Pierce Street

Taxable ValueLand-Additions-Total-
Tax Record2024$1,159 ($97 / month)
Home Facts
Total Finished SqFt1,242 SqFtAbove Grade Finished SqFt1,242 SqFtStories2Lot Size6,350 SqFtStyleDuplexYear Built1983ZoningC-2CountyMARICOPAAPN111-25-163

Schools near 1509 West Pierce Street

This home is within Phoenix Elementary District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Capitol Elementary School
PublicPK to 8

Central High School
Public9 to 12

Phoenix Coding Academy
Public9 to 12

Franklin Police and Fire High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1509 West Pierce Street is a multi-family home for sale in Phoenix, AZ 85007. This property was listed for sale on August 30, 2024 by RETSY, it's currently listed at $770,000. It has been on the market for a total of 248 days and was last sold on August 16, 2018. This listing's school districts are Phoenix Elementary District, Phoenix Union High School District. Nearby schools include Capitol Elementary School, Central High School and Phoenix Coding Academy. 1509 West Pierce Street is a 0-bed, 0-bath, multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RETSY

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